XRP Targets $2.15 Resistance as December Sees Transaction Surge, Eyeing a 40% Price Upswing

December brought a notable increase in XRP's transaction activity, fueling optimism for a price rally. Trading near $2.07, XRP's key resistance at $2.15 could trigger a potential 40% upswing, while the $1.92 level provides critical support for price stability into 2025.

XRP Sees Sharp Rise in Transactions This December

With the year winding down, XRP has been the center of attention for investors, and rightfully so.

A key indication of activity on the blockchain, the average number of transactions per ledger, rose sharply and consistently during December. This is usually a precursor to major pricing changes, and it indicates that the network is quite active right now.

2025 Positions XRP for Growth Potential

The year 2025 is quickly coming, and XRP seems to be well-positioned for growth.

With a price of around $2.07, XRP is in a pivotal position at the moment. Since it has been very constant in price while consolidating within a range, this could be an indication of an impending large breakout.

At $1.199, the 50th exponential moving average (EMA) is the current level to keep an eye on. Since XRP's phenomenal surge earlier this year began, this moving average is the first major support it has encountered.

Key Price Levels Define XRP’s Path Forward

Although strong transactional activity indicates resilience, a break below this level would trigger bearish sentiment. Whether XRP can break back over the $2.15 resistance mark will determine its future trajectory.

Per U.Today, if this level is breached, a rally towards $2.50 or even higher could be feasible. However, if sellers manage to push XRP below $1.92, the 100 EMA will meet around $1.48, providing crucial support for the next level.

Institutional Interest Drives Momentum in XRP

Aside from showing that people are interested in XRP, the increase in network activity might indicate that major or institutional investors are involved.

This momentum might set the stage for XRP to see a 40% or higher surge in value as we enter the new year.

With XRP's transactional metrics showing resistance at $2.15 and important support at $1.92 in 2025, investors should keep a careful eye on these numbers. In the coming months, XRP is poised to experience substantial gains thanks to its targeted price levels and heightened activity.