XRP has struggled to gain momentum, with its price caught in a downtrend since the beginning of March. Although XRP has managed to push up in the past five days after reaching a low of $1.93 on March 11, it has yet to fully recoup its losses in the first week of the month. Related Reading: 200 Million XRP On The Move—Is Ripple Preparing For A Big Play? The altcoin’s long-term prospects are still on bullish speculation, but its short-term price action has frustrated traders looking for signs of a breakout. Amid this stagnation, crypto analyst Egrag Crypto has outlined specific price levels that could determine whether XRP finally reverses its course. Analyst Identifies $2.65 As Key Level Before XRP Can Challenge $3.00 Egrag Crypto, a long-time bullish advocate for XRP, recently took to social media platform X to outline key price levels that could determine the cryptocurrency’s next significant move. He identified $2.65 as the first critical threshold the coin must reclaim to sustain meaningful bullish momentum. However, the analyst expressed concern over XRP’s repeated tests of lower boundaries, which is in reference to the recent bottom at $1.93. According to the analyst, the frequent retests of this support level are a double-edged sword. While multiple touches on resistance can eventually trigger a breakout, repeated tests of support weaken its integrity, increasing the likelihood of a breakdown. He likened this pattern to knocking on a door that would eventually open or break. He highlighted six instances of XRP retesting this zone since December 2024 on a 12-hour candlestick chart, warning that prolonged weakness could pave the way for further downside. For the crypto to escape this cycle and shift into bullish territory, Egrag emphasized the importance of a strong close above $3.00, not just a brief move past it. This level has served as the upper resistance trendline for the past two weeks and has been a barrier to any sustained uptrend. Failure to break and hold above $3.00 could cause continued correction in the short term and keep XRP trapped in its current range. However, the analyst believes XRP’s chances of reaching $3.00, considering the current price action, are slim without securing a close above $2.65. Image From X: EGRAG CRYPTO What’s Next For XRP After $3? March has been particularly bearish for XRP, with sellers maintaining control as it failed to reclaim lost ground. However, if XRP bulls manage to close above $3 before the end of the month, it will open up the door for the resumption of a price rally. With this in mind, Egrag set an initial target of $4.80, placing XRP at new all-time highs. Related Reading: XRP $15 Breakout? Not A Far-Fetched Idea—Analysis Interestingly, this target is modest compared to the analyst’s more ambitious long-term projections. Egrag has previously predicted that XRP could surge to $110 in the long term. At the time of writing, XRP is trading at $2.37 and is still 26.5% away from reaching $3. Featured image from Crypto Logos, chart from TradingView
After dropping to less than $2 last March 11th, Ripple’s XRP springs back to life and it’s currently trading between $2.30 and $2.40. And with the US Securities and Exchange Commission vs Ripple case nearing its resolution, the market can expect more price volatility for this digital asset. Related Reading: 200 Million XRP On The Move—Is Ripple Preparing For A Big Play? Within this context, market analyst Ali Martinez boldly claims that Ripple’s native coin still have the legs to hit a two-digit figure this cycle, using an extensive symmetrical triangle formation as a solid basis. Martinez’s view runs opposite the bearish statements from other commentators. XRP has been on a slide lately, affected by the broader crypto fall, dipping by around 25% from its $3.40 high achieved mid-January. XRP Gradually Builds Its Symmetrical Triangle Like most cryptos, XRP continues to have a highly volatile market performance. The token attempted a recovery early this month but met resistance, leading to a steep decline on March 11th. Interestingly, a few commentators remain bullish on the altcoin, including Martinez, who sees the token on track to reach $15. This is why $XRP can still reach $15! pic.twitter.com/vkIiR0rnpU — Ali (@ali_charts) March 14, 2025 In his latest commentary, shared via a Twitter/X posting, Martinez highlighted the seven-year symmetrical triangle formed by this asset, which dates back to January 2018, when it dropped from its $3.80 high. Even before Martinez shared this observation, several commentators reported the triangle’s formation, suggesting that a breakout could lead to a price run. The Ascending Trendline According to Martinez, XRP formed its lower highs in January 2018, extending the descending trendline on top. As the crypto witnessed higher lows during this time frame, it extended its ascending trendline below, creating a symmetrical triangle. Interestingly, XRP exited the symmetrical triangle structure following the November US elections. Ripple’s native token surged by 280% for the month, marking the biggest 30-day increase for the asset in seven years. Along with surprising traders, this breakout inspired fresh hope among XRP enthusiasts. While some experts noted that past breakouts do not automatically ensure continuous rallies, many saw this spike as evidence of possible long-term strength. Still, the dramatic price fluctuation sparked conversations on XRP’s future, particularly in light of further government changes and more general market movements. Ripple’s XRP is currently trading at $2.37, which is 2% up in the last seven days. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? XRP Currently Retesting A Breakout After two months of upside, Ripple’s XRP is on a downturn, reflecting the broader crypto market sentiment. According to Martinez, XRP’s price is currently retesting the triangle chart breakout. He also suggested that even if XRP slips below $2, it’s still on track for a breakout, as long as it stays above $1. Armed with the charts, Martinez believes that XRP hitting $15 is not a far-out idea. Featured image from StormGain, chart from TradingView
The XRP price could be staging a parabolic rally to new all-time highs of $110. While an analyst shares a technical analysis to back this ambitious target, Bollinger Bands creator John Bollinger declares XRP to be a market leader in the crypto space. Analyst Predicts New XRP Price Target To $110 In a rather lengthy X (formerly Twitter) post, market expert Egrag Crypto went deep into his analysis for the XRP price, basing his predictions on its Elliott Wave structure. The crypto analyst confidently forecasted that XRP was heading towards a new $110 ATH. This bullish target would represent a whopping 3,974% increase from its current market value. Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge Firstly, Egrag Crypto outlines XRP’s five-wave structure, underscoring that each wave could push the cryptocurrency to a new target. The analyst reveals that XRP is currently in Wave 2 of its Elliott Wave structure and is closely approaching Wave 3, which is expected to trigger the most explosive increase. In Wave 1, XRP saw an impressive 733% increase to new highs. However, in its current Wave 2, Egrag Crypto highlights that its 2017 fractal appears more profound. With the formation of a Double Bottom pattern, the analyst has predicted a potential price breakdown for the cryptocurrency. Egrag Crypto further forecasts that Wave 3 will trigger a reversal and cause the price to skyrocket by 1,185%. This massive price increase would effectively place the XRP price at a potential target between $22 and $24. For a more conservative target, the analyst estimates a surge of around $22 to $24. For Wave 4, Egrag Crypto predicts another major retracement similar to Wave 2. However, this time, the analyst believes XRP could decline by either 14.6%, 23.6%, or 38.2% from Wave 3’s price high. This correction would mark a 65% drop from Wave 3’s peak, bringing the cryptocurrency’s price down to $8. He also highlights a worse-case bearish scenario where XRP crashes as low as $3.4. Notably, Egrag Crypto shares three potential bullish targets for Wave 5, the final part of the Elliott Wave Structure. He forecasts that the altcoin could surge between $32 to $48, $60 to $70, or $95 to $110. The analyst has based his optimistic forecast on past cycle trends, where 2017 saw a major price rally for XRP. Bollinger Bands Creator Says The Asset To Become Leader In other news, Bollinger, the creator of the renowned Bollinger Band technical analysis tool, has highlighted XRP in his latest post, questioning whether it could take a leading role in the crypto market. The technical analyst asserts that Ripple has held up better than other primary crypto vehicles. Related Reading: Analyst Says Only Buy XRP If It Reaches This Level Considering its legal battles with the US SEC and present regulatory challenges, Ripple continues to remain resilient, aiming to gain clarity during the final stages of the five-year-long lawsuit. Meanwhile, the XRP price, which is currently trading at $2.4, has experienced a recent uptick, increasing by almost 4% in the last day, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
Ripple’s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump’s reelection. Trading below $1 for most of 2024, XRP hits its stride days after the November elections, breaking the $1 level on November 6th, and the $2 barrier by December 2nd, then surging past $3.30 on January 18th. Now, Ripple is back in the news for moving 200 million XRPs valued at around $457 million. This massive transfer, often associated with “whale transactions,” caught the attention of many and has led many to speculate. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? Is The SEC-Ripple Case Nearing Its Settlement? The latest XRP transfer caught the attention of Whale Alert (@whale_alert) and was promptly re-circulated on the popular platform. Interestingly, Ripple regularly transfers XRPs, including its scheduled release of 1 billion XRP monthly from its escrow to sustain the token’s circulation. Although the majority of Ripple’s transactions are routine, this recent transaction gained some attention for its size and timing. ???? ???? ???? ???? ???? ???? ???? ???? ???? ???? 200,000,000 #XRP (457,581,314 USD) transferred from #Ripple to unknown wallethttps://t.co/XRE0jAsB40 — Whale Alert (@whale_alert) March 13, 2025 Market Waiting For Decision On SEC Vs. Ripple Ripple’s latest huge asset transfer comes when the SEC’s case against Ripple is nearing its settlement. According to some reliable sources, the delay in the case’s resolution is caused by Ripple’s efforts to negotiate a favorable settlement. One controversial issue in the case is the August district court ruling, which fined Ripple $125 million and restricted the company from selling its native token to institutional buyers. XRP’s Price Roadmap As Ripple continues its negotiations with the SEC, investors and traders actively watch the token’s market performance. According to some analysts, the token has already completed its price correction using a four-hour time frame. There are plenty of price predictions for XRP, with some commentators saying it can initially hit $2.42 before making a run. Once XRP’s price emerges from the “Ichimoku clouds”, it is expected to hit higher highs. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround Currently, the token’s support is at $2.04 and $2.22, and many expect XRP to face short-term volatility. However, the token’s biggest push will come from a favorable resolution of its SEC case and if it happens, analysts expect the price to reach $4.25, or even $5.80. Featured image from Newsbit, chart from TradingView
XRP price started a fresh recovery wave above the $2.120 zone. The price is now consolidating and might clear the $2.350 resistance zone. XRP price started a fresh recovery wave above the $2.120 resistance zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.25 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.350 resistance zone. XRP Price Eyes Steady Increase XRP price remained supported and started a recovery wave above the $2.00 zone, like Bitcoin and Ethereum. The price was able to clear the $2.050 and $2.120 resistance levels. There was a move above the $2.250 resistance. However, the bears are now active near the $2.350 resistance zone. A high was formed at $2.348 and the price recently started a consolidation phase. There was a test of the 23.6% Fib retracement level of the upward move from the $1.90 swing low to the $2.348 high. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.25 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.30 level. The first major resistance is near the $2.350 level. The next resistance is $2.450. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.80. Another Drop? If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.250 level and the trend line. The next major support is near the $2.120 level and the 50% Fib retracement level of the upward move from the $1.90 swing low to the $2.348 high. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.250 and $2.120. Major Resistance Levels – $2.350 and $2.450.
Ripple’s XRP, one of the top-performing cryptos last year, is trading between $2.15 and $2.30. The token’s current price is a far cry from its 52-week high of $3.38 last January 17th, which was spurred by the industry’s excitement over US President Donald Trump’s reelection. Related Reading: $931 Million Bitcoin On The Move: Mt. Gox Sparks Market Jitters Although XRP joins the downtrend of the broader crypto market, a few commentators and analysts expect that Ripple is due for a major rally. According to crypto analyst Egrag Crypto, Ripple’s XRP is set for another price run after it compares the asset’s current Elliot Wave structure with its 2017 fractals. XRP Continues To Weather The Storm Egrag Crypto’s latest price analysis and projection for XRP come as the altcoin and the broader crypto market slump. The Ripple’s coin is holding steady above the critical $2 price support, which suggests it follows the broad five-wave Elliott Wave chart. Traditionally, assets replicating the Elliott Wave structure often incur significant price action. #XRP = Thread (1/7) #XRP: Double Digits This Cycle, Triple Digits Next! The thread below about #XRP was shared in the Subscribers section on February 12, 2025. We’ve built together the Full Elliot Wave Count to assess our next Targets: ????✨ Take an in-depth look at it! ????… pic.twitter.com/NKv00Y5MZD — EGRAG CRYPTO (@egragcrypto) March 12, 2025 Based on Egrag’s assessment, XRP is currently in the second wave of the Elliot Wave structure, which is traditionally defined by high price volatility and corrections. Traders And Investors Must Watch Out For The Larger Wave Structure In a Twitter/X post, Egrag explained that XRP is in its corrective wave two and is primed for a price run to double digits or even over $100. The analysts elaborated that a Wave 2 often retraces a part of Wave 1, usually matching 50%, 76% or even 85.4% of the initial movement. Ripple’s XRP, he shares, is solidifying its hold in the correction phase. The asset faces bearish pressure, and the market can expect a double bottom soon before it moves into its Wave 3. EGRAG warns that Wave 3 is the most aggressive part of the cycle, with more volatility. Can XRP Hit $100 Or More? Previously, XRP’s Wave 1 pattern submitted a huge 733% increase in price. And by using the Elliot Wave extension formula, the popular analyst projects that XRP’s Wave 3 can extend by 1.618x the gain of the first wave. Using this calculation, Egrag offers a potential surge of 1,185x, translating to XRP’s price range between $22 to $24. Once XRP hits the peak of Wave 3, the fourth wave and a price correction follows. For this wage, the retracement level ranges between 14% to 38.2% of Wave 3. If this happens, Egrag predicts that XRP’s price can drop to $8. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? Wave 5 of the Elliot Wave follows, where price can be predicted using three methods. First, if XRP’s price grows between 1.236% and 1.618%, the asset’s price can hit between $32 and $48. Second, if Wave 5 replicates Wave 1, the price can be between $60 and $70. Third, if there’s a 61.8% extension of the movements of Waves 1 and 3, then there’s a chance that XRP’s price can hit $100. Featured image from Medium, chart from TradingView
Ripple has achieved a significant regulatory milestone by securing a license from the Dubai Financial Services Authority (DFSA), making it the first blockchain payment provider to receive such approval. The announcement on March 13 follows an initial in-principle clearance, paving the way for the company to expand its services in the region. Reece Merrick, Ripple’s Managing […]
The post Ripple’s becomes first blockchain to acquire Dubai regulatory approval for cross-border payment appeared first on CryptoSlate.
Payments utility is also expected to drive greater stablecoin adoption in the UAE for their real time settlement value proposition.
Ripple said the UAE market has high demand for efficient settlement measures and potential for stablecoin adoption.
XRP price started a fresh recovery wave above the $2.00 zone. The price is now showing positive signs and might clear the $2.250 resistance zone. XRP price started a fresh recovery wave above the $2.120 resistance zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2.188 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.250 resistance zone. XRP Price Eyes Upside Break XRP price remained supported and started a recovery wave from the $1.90 zone, like Bitcoin and Ethereum. The price was able to clear the $2.00 and $2.050 resistance levels. There was a move above the $2.120 resistance. The price surpassed the 50% Fib retracement level of the downward wave from the $2.365 swing high to the $1.90 low. However, the bears are now active near the $2.250 resistance zone. The price is now trading above $2.150 and the 100-hourly Simple Moving Average. There is also a short-term bullish trend line forming with support at $2.188 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.250 level. It is near the 76.4% Fib retracement level of the downward wave from the $2.365 swing high to the $1.90 low. The first major resistance is near the $2.3650 level. The next resistance is $2.450. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.80. Another Decline? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.1880 level and the trend line. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.180 and $2.120. Major Resistance Levels – $2.250 and $2.350.
XRP price started a fresh recovery wave from the $1.90 zone. The price is now showing positive signs and might clear the $2.250 resistance zone. XRP price started a fresh decline from the $2.200 resistance zone. The price is now trading below $2.1850 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with resistance at $2.250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.250 resistance zone. XRP Price Dips Further XRP price started a fresh decline after it failed to clear the $2.20 zone, like Bitcoin and Ethereum. The price declined below the $2.120 and $2.050 support levels. The bears even pushed the price below $2.00. A low was formed at $1.90 and the price recently started a decent upward move. There was a move above the $1.980 and $2.00 resistance levels. The price surpassed the 50% Fib retracement level of the downward wave from the $2.365 swing high to the $1.90 low. The price is now trading below $2.1850 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.250 level. There is also a short-term rising channel forming with resistance at $2.250 on the hourly chart of the XRP/USD pair. The 76.4% Fib retracement level of the downward wave from the $2.365 swing high to the $1.90 low is also near the $2.250 level. The first major resistance is near the $2.350 level. The next resistance is $2.420. A clear move above the $2.420 resistance might send the price toward the $2.450 resistance. Any more gains might send the price toward the $2.50 resistance or even $2.550 in the near term. The next major hurdle for the bulls might be $2.650. Another Decline? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.150 level. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.120 and $2.050. Major Resistance Levels – $2.250 and $2.350.
XRP has fallen below the $2 mark for the first time since early February, following the broader market breakdown that has pushed most cryptocurrencies lower. Despite the intense selling pressure, XRP has held up stronger than many other altcoins, avoiding the steep declines seen across the market. However, uncertainty remains high, with analysts divided on XRP’s next move. Related Reading: Charts Reveal Cardano Holds Key Support Zone – Staying Above Could ‘Set The Next Move’ Some experts believe that if XRP can reclaim key resistance levels, it could trigger a recovery rally, bringing back bullish momentum. On the other hand, bearish analysts warn of further downside, arguing that XRP’s failure to hold above support levels could lead to a deeper correction. Top analyst BigCheds shared a technical analysis on X, suggesting that XRP is on the verge of breaking down below the $1.90 mark. If this happens, XRP could see increased selling pressure, leading to a larger drop in price. With price at a pivotal level, traders are watching whether it can stabilize and recover or if further losses are on the horizon. The coming days will be crucial in determining XRP’s short-term trend as market volatility remains high. Crypto and Stock Markets Struggle Amid Uncertainty The entire crypto market has been struggling as negative macroeconomic conditions continue to weigh on investor sentiment. U.S. President Trump’s policies and global trade war tensions have created an environment of volatility and uncertainty, making it difficult for markets to stabilize. As a result, the U.S. stock market has plunged to its lowest levels since September 2024, adding to the overall risk-off sentiment across all asset classes, including cryptocurrencies. Related Reading: Bitcoin Could Rally Above ATH To $128K – On-Chain Indicator Signals Potential Recovery With fear and uncertainty rising, analysts are calling for a continuation of the downtrend across both traditional markets and digital assets. Investors remain hesitant to enter long positions, and many are waiting for clearer signals before making any moves. XRP, despite holding up better than some altcoins, is not immune to the broader market turmoil. BigChed’s technical insights on X warn that XRP is flirting with a range breakdown on the daily chart. According to his analysis, if XRP loses the $2–$1.90 support level, it could trigger a significant drop, opening the door for further downside pressure. As XRP hovers near this critical level, traders are closely monitoring whether bulls can defend key support or if the market-wide downturn will push prices even lower. With macroeconomic concerns and heightened volatility dominating the landscape, the coming days will be pivotal in determining XRP’s short-term trajectory. XRP Holds $2 Amid Heavy Selling Pressure XRP is currently trading at $2.13 after experiencing massive selling pressure over the past few days. Earlier, the price briefly dropped to $1.89, testing a critical support level before bouncing back above the $2 mark. Despite the short-term recovery, XRP remains under bearish control, and bulls must hold firm above $2 to prevent further downside. For XRP to regain momentum, buyers need to push prices toward key resistance zones around $2.30–$2.50. A strong move above these levels could confirm a recovery, helping XRP avoid a larger market-wide sell-off. However, failing to defend the $2 support would put XRP at risk of a deeper correction, with the next major demand zone sitting around $1.60. Related Reading: Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? With volatility increasing across crypto markets, XRP’s price action remains uncertain. Bulls must step in soon to reclaim higher levels, or the risk of further losses will continue to grow. The next few trading sessions will be crucial in determining whether XRP can stabilize or if it will extend its decline toward lower price levels. Featured image from Dall-E, chart from TradingView
XRP price started a fresh recovery wave from the $1.90 zone. The price is now consolidating and might struggle to clear the $2.10 resistance zone. XRP price started a fresh decline from the $2.250 resistance zone. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.06 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.10 resistance zone. XRP Price Dips Further XRP price started a fresh decline after it failed to clear the $2.250 zone, like Bitcoin and Ethereum. The price declined below the $2.10 and $2.050 support levels. The bears even pushed the price below $2.00. A low was formed at $1.90 and the price is now attempting to recover. There was a move above the $1.950 and $1.980 resistance levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2.260 swing high to the $1.90 low. The price is now trading below $2.20 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.060 level. There is also a connecting bearish trend line forming with resistance at $2.06 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.080 level or the 50% Fib retracement level of the downward move from the $2.260 swing high to the $1.90 low. The next resistance is $2.120. A clear move above the $2.120 resistance might send the price toward the $2.1750 resistance. Any more gains might send the price toward the $2.20 resistance or even $2.250 in the near term. The next major hurdle for the bulls might be $2.450. Another Decline? If XRP fails to clear the $2.080 resistance zone, it could start another decline. Initial support on the downside is near the $1.950 level. The next major support is near the $1.90 level. If there is a downside break and a close below the $1.850 level, the price might continue to decline toward the $1.80 support. The next major support sits near the $1.750 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.950 and $1.900. Major Resistance Levels – $2.080 and $2.1750.
XRP is once again the subject of bold forecasts, with market researcher Egrag Crypto anticipating a significant price boom. According to him, a major breakthrough pattern indicates that XRP might reach $27 in the coming months. This prediction has stirred discussions among investors, with some optimistic and others dubious. Related Reading: Bitcoin’s ‘Ugly Start’ – Weekend Sell-Off Pushes Price Near $80K XRP’s Breakout From A 7-Year Triangle Egrag Crypto could not be more upbeat about his projection. He assured investors that one month “will change their lives forever.” He bases this forecast on a critical breakout from a seven-year symmetrical triangle. In November 2024, XRP breached this trend, resulting in a dramatic 283% surge. The breakout has led him to believe that the token is on the verge of another explosive move. #XRP – 1 Month Will Change Your Life Forever ($9.7 – $27) ???? The Power of Market Waves & Narratives When @ElonMusk added #BTC to Tesla’s balance sheet last cycle, many thought all companies would follow. They didn’t. Narratives come and go, but markets move in cycles.… pic.twitter.com/dtGFQjeUE2 — EGRAG CRYPTO (@egragcrypto) March 7, 2025 Many traders use these trend lines to spot possible pricing patterns. The case is that earlier breakouts have caused significant price movements and history often repeats itself. Still, other observers think that legal obstacles and macroeconomic variables could pose a challenge to XRP’s development. Key Levels To Track There is not a straight line to $27. Egrag Crypto exposes the major hurdle XRP has to overcome. The token must first break through $2.62 then cruise to $3.00 and $3.40. Historically, these price points have been key obstacles, stopping XRP from rising. Should XRP effectively get rid of these obstacles, the next aim is roughly $6. Egrag projected back in December 2024 that by the end of the month this level will be attained. His latest outlook suggests that a push beyond $6 could lead to a full rally toward $27. Comparisons To The 2017 Bull Run Some of the excitement around this prediction comes from historical trends. Egrag Crypto and others have drawn comparisons between XRP’s current trajectory and its performance in 2017. Back then, XRP experienced a massive rally that took its price from a few cents to an all-time high of $3.40. If the token follows a similar path, a rally of over 700% could be in play. That would mean XRP jumping from its current levels to $27. While such a move isn’t impossible in the crypto market, skeptics warn that past performance doesn’t guarantee future results. Related Reading: Could Cardano Be The Next Big Crypto Winner? Analyst Points To $2 Target Skepticism And Investor Caution Not everybody is persuaded. The continuing legal dispute between Ripple and the SEC is one of the regulatory problems that XRP has faced. These legal questions worry some traders since they could stop any meaningful price movement. Additionally, broader market conditions, such as interest rate decisions and Bitcoin’s price action, could influence whether XRP sees another massive rally or remains range-bound. Despite these doubts, Egrag Crypto is still sure about his estimate. Whether XRP reaches $27 or not, the next major movement in the next months will be vital in deciding it. Investors will be watching closely to see if this bold projection comes true. At the time of writing, XRP was trading at $2.19, down 1.60% and 17.53% in the daily and weekly frames. Featured image from Gemini Imagen, chart from TradingView
XRP price started a fresh recovery wave from the $2.20 zone. The price is now consolidating and might struggle to clear the $2.50 resistance zone. XRP price started a decent upward move from the $2.20 support zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.550 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.5350 resistance zone. XRP Price Faces Hurdles XRP price started a recovery wave from the $2.20 zone, like Bitcoin and Ethereum. The price was able to climb above the $2.40 and $2.50 resistance levels. However, the bears were active near $2.640. The price corrected some gains and dipped below $2.550. There was a break below a connecting bullish trend line with support at $2.550 on the hourly chart of the XRP/USD pair. The pair dipped below the 50% Fib retracement level of the upward move from the $2.211 swing low to the $2.6390 high. The price is now trading below $2.550 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.50 level. The first major resistance is near the $2.5350 level. The next resistance is $2.640. A clear move above the $2.640 resistance might send the price toward the $2.720 resistance. Any more gains might send the price toward the $2.80 resistance or even $2.850 in the near term. The next major hurdle for the bulls might be $3.00. Another Decline? If XRP fails to clear the $2.5350 resistance zone, it could start another decline. Initial support on the downside is near the $2.4250 level. The next major support is near the $2.3750 level and the 61.8% Fib retracement level of the upward move from the $2.211 swing low to the $2.6390 high. If there is a downside break and a close below the $2.3750 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.4250 and $2.3750. Major Resistance Levels – $2.5350 and $2.640.
XRP price started a fresh recovery wave from the $2.20 zone. The price is now rising and might clear the $2.550 resistance zone. XRP price started a decent upward move from the $2.20 support zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.480 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if it clears the $2.550 resistance zone. XRP Price Faces Resistance XRP price started a fresh decline below the $2.80 zone, like Bitcoin and Ethereum. The price dipped below the $2.60 and $2.50 levels. The bears were able to push the price below $2.25. Finally, the bulls appeared near the $2.20 support zone. A base is forming and the price is now recovering losses above $2.30. There was a move above the 23.6% Fib retracement level of the downward move from the $3.00 swing high to the $2.211 low. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.480 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.550 level. The first major resistance is near the $2.60 level. The next resistance is $2.70 or the 61.8% Fib retracement level of the downward move from the $3.00 swing high to the $2.211 low. A clear move above the $2.70 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.880 resistance or even $2.920 in the near term. The next major hurdle for the bulls might be $3.00. Another Decline? If XRP fails to clear the $2.550 resistance zone, it could start another decline. Initial support on the downside is near the $2.480 level and the trend line. The next major support is near the $2.40 level. If there is a downside break and a close below the $2.40 level, the price might continue to decline toward the $2.320 support. The next major support sits near the $2.20 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.40 and $2.320. Major Resistance Levels – $2.550 and $2.70.
Ripple has taken a step toward advancing crypto education in the United States by spearheading the National Cryptocurrency Association (NCA) launch. The NCA is positioned as an independent, non-partisan organization with no political affiliations. Its primary goal is to provide educational resources and promote a deeper understanding of crypto. According to a March 5 statement, […]
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The National Cryptocurrency Association is headed by Ripple Chief Legal Officer Stuart Alderoty.
XRP price started a fresh decline below the $2.650 resistance. The price is now consolidating losses and might face resistance near the $2.550 zone. XRP price started a fresh decline below the $2.650 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it remains below the $2.550 resistance zone. XRP Price Faces Resistance XRP price started a fresh decline from the $3.00 resistance, like Bitcoin and Ethereum. The price dipped below the $2.80 and $2.60 levels. The bears were able to push the price below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. Finally, the bulls appeared near the $2.20 support zone. A base is forming and the price is now attempting to recover above $2.30. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $2.40 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.550 level. The first major resistance is near the $2.650 level. The next resistance is $2.750. A clear move above the $2.750 resistance might send the price toward the $2.80 resistance. Any more gains might send the price toward the $2.880 resistance or even $2.920 in the near term. The next major hurdle for the bulls might be $3.00. Another Decline? If XRP fails to clear the $2.550 resistance zone, it could start another decline. Initial support on the downside is near the $2.40 level. The next major support is near the $2.320 level. If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.20 support and the 76.4% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. The next major support sits near the $2.120 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.40 and $2.320. Major Resistance Levels – $2.550 and $2.750.
A blockchain investigator discovered a series of dormant XRP wallets linked to Ripple co-founder Chris Larsen, which had over 2.7 billion XRP. These holdings are worth around $7.18 billion. Some of these wallets had been idle for six to seven years before unexpectedly reactivating in January 2025. Related Reading: Ethereum Breaks Below Parallel Channel – Is ETH Collapsing To $1,250? Old Wallets Begin Moving Large Amounts The once-idle wallets did not remain quiet for long, crypto sleuth ZachXBT disclosed. More than $109 million in XRP transactions were registered, with cash going to prominent exchanges such as Coinbase, Bitstamp, and Bybit. This unexpected activity has prompted doubts regarding the timing and purpose of the transfers. Some in the cryptocurrency world worry if Larsen lost access to the wallets and only recently regained control. Others suspect that the money changed hands a long time ago, possibly as early as 2013. ZachXBT remarked that it is unclear whether Larsen still has direct control over all of these wallets. XRP: Market Impact And Price Surge The timing of these wallet activations coincided with a key announcement by US President Donald Trump. He outlined ideas for a strategic cryptocurrency reserve that comprises XRP, Bitcoin, Ethereum, Solana, and Cardano. This revelation caused a sharp price uptick in XRP: from $2.23 to a peak of $2.93 and then to $2.60, translating to an 18% increase. Investors and traders paid attention, with some conjecturing that the value increase was connected to the wallet movements. Previous Transfers Add More Questions Larsen’s transactions have made headlines before. Back in September 2020, he transferred approximately 500 million XRP, worth $115 million at the time, to an unidentified address. He later explained that the move was to NYDIG for security purposes. Nonetheless, others in the cryptocurrency field suspected that there could have been other motivations, although there was no substantial proof to corroborate those assertions. Related Reading: Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes What Comes Next? Discussions have resurfaced in response to recent developments. Is this just ordinary fund management, or is there something bigger going on? The answers are still unknown. As the XRP community monitors these wallets, speculation persists. Will there be other significant transfers? Could this have a further impact on the XRP market price? While no one can say for sure, one thing is certain: when billions of XRP start moving, people will know and start to make some noise. Featured image from Pexels, chart from TradingView
XRP price started a fresh decline from the $3.00 resistance. The price is up down over 20% and might extend losses below the $2.20 support. XRP price started a fresh decline from the $3.00 zone. The price is now trading below $2.50 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it breaks the $2.20 support zone. XRP Price Reverses XRP price rallied above the $2.50 and $2.80 levels before the bears appeared, like Bitcoin and Ethereum. The price failed to clear the $3.00 resistance and started a fresh decline. There was a sharp move below the $2.80 and $2.60 levels. The price traded below the 50% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. There was also a break below a connecting bullish trend line with support at $2.40 on the hourly chart of the XRP/USD pair. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. It is now finding bids just above the 76.4% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. On the upside, the price might face resistance near the $2.35 level. The first major resistance is near the $2.40 level. The next resistance is $2.4750. A clear move above the $2.4750 resistance might send the price toward the $2.620 resistance. Any more gains might send the price toward the $2.700 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.80. More Losses? If XRP fails to clear the $2.40 resistance zone, it could start another decline. Initial support on the downside is near the $2.20 level. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.20 and $2.120. Major Resistance Levels – $2.40 and $2.4750.
Prices have pulled back to the descending trendline from Jan. 16 highs.
The US government’s decision to establish a Strategic Crypto Reserve has ignited intense discussions, with industry leaders questioning its structure and asset selection. On March 2, US President Donald Trump revealed that his executive order had directed his administration to create a national crypto reserve. According to him, the initiative aims to solidify the country’s […]
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XRP price started a fresh increase above the $2.50 resistance. The price is up over 30% and now faces resistance near the $3.00 barrier. XRP price started a fresh increase above the $2.50 level. The price is now trading above $2.750 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move up if there is a clear move above the $3.00 resistance zone. XRP Price Rises Steadily XRP price extended losses toward the $2.00 level before the bulls appeared, like Bitcoin and Ethereum. The price formed a base and started a fresh increase above the $2.20 level. The price surged above the $2.50 and $2.65 levels. It even surged above $2.80 and tested $3.00. A high was formed at $3.00 and the price is now consolidating gains. It traded toward the 23.6% Fib retracement level of the upward move from the $1.95 swing low to the $3.00 high. The price is now trading above $2.75 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.40 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $2.90 level. The first major resistance is near the $3.00 level. The next resistance is $3.20. A clear move above the $3.20 resistance might send the price toward the $3.350 resistance. Any more gains might send the price toward the $3.420 resistance or even $3.450 in the near term. The next major hurdle for the bulls might be $3.50. Are Dips Limited? If XRP fails to clear the $3.00 resistance zone, it could start another decline. Initial support on the downside is near the $2.750 level. The next major support is near the $2.620 level. If there is a downside break and a close below the $2.62 level, the price might continue to decline toward the $2.50 support. The next major support sits near the $2.40 zone and the trend line. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.750 and $2.620. Major Resistance Levels – $2.950 and $3.00.
XRP price started a fresh decline below the $2.250 and $2.20 support levels. The price is now consolidating losses and remains at risk of more losses. XRP price started a fresh decline below the $2.250 level. The price is now trading below $2.220 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down unless there is a close above the $2.30 resistance zone. XRP Price Dips Further XRP price failed to continue higher above the $2.350 resistance zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $2.25 and $2.20 support levels. The price even dipped below the $2.120 support to enter a bearish zone. A low was formed at $2.0220 and the price is now struggling to stay above $2.0. The price is showing many bearish signs below the 23.6% Fib retracement level of the downward move from the $2.363 swing high to the $2.022 low. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.20 level or the 50% Fib retracement level of the downward move from the $2.363 swing high to the $2.022 low. There is also a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP/USD pair. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.420 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50. More Losses? If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.020 level. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.9650 support. The next major support sits near the $1.880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.020 and $2.00. Major Resistance Levels – $2.20 and $2.30.
The collaboration aims to bolster Ripple’s ecosystem, enhance RLUSD adoption, and tap into Korean port city Busan’s blockchain-friendly economic zone.
XRP price started a fresh decline below the $2.450 and $2.350 support levels. The price is now consolidating losses and remains at risk of more losses. XRP price started a fresh decline below the $2.350 level. The price is now trading below $2.320 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down unless there is a close above the $2.3350 resistance zone. XRP Price Fails To Recover XRP price failed to continue higher above the $2.50 resistance zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $2.35 and $2.250 support levels. The price even dipped below the $2.20 support to enter a bearish zone. A low was formed at $2.0639 and the price attempted a recovery wave. There was a spike above the 50% Fib retracement level of the downward wave from the $2.604 swing high to the $2.206 low. However, the bears remained active at $2.350. There is also a key bearish trend line forming with resistance at $2.250 on the hourly chart of the XRP/USD pair. The price is now trading below $2.30 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.250 level. The first major resistance is near the $2.3250 level. The next resistance is $2.40 or the 61.8% Fib retracement level of the downward wave from the $2.604 swing high to the $2.206 low. A clear move above the $2.40 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.5650 in the near term. The next major hurdle for the bulls might be $2.620. More Losses? If XRP fails to clear the $2.250 resistance zone, it could start another decline. Initial support on the downside is near the $2.1480 level. The next major support is near the $2.120 level. If there is a downside break and a close below the $2.120 level, the price might continue to decline toward the $2.050 support. The next major support sits near the $2.00 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.1480 and $2.120. Major Resistance Levels – $2.250 and $2.3250.
XRP Ledger (XRPL) has outlined a strategic roadmap to enhance institutional DeFi and programmability within its ecosystem. This initiative focuses on integrating compliance-driven solutions, expanding lending capabilities, and introducing innovative tokenization tools to solidify XRPL’s role in institutional finance. With these advancements, financial institutions will gain new opportunities to tokenize real-world assets (RWAs), utilize stablecoins […]
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XRP price started a fresh decline below the $2.50 and $2.250 support levels. The price is now recovering losses from the $2.050 support zone. XRP price started a fresh decline below the $2.40 level. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down unless there is a close above the $2.450 resistance zone. XRP Price Attempts Recovery XRP price failed to continue higher above the $2.620 resistance zone and started a fresh decline, like Bitcoin and Ethereum. There was a move below the $2.55 and $2.50 support levels. The price even dipped below the $2.20 support to enter a bearish zone. A low was formed at $2.0639 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward wave from the $2.604 swing high to the $2.206 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.3320 level. The first major resistance is near the $2.40 level or the 61.8% Fib retracement level of the downward wave from the $2.604 swing high to the $2.206 low. The next resistance is $2.450. There is also a key bearish trend line forming with resistance at $2.450 on the hourly chart of the XRP/USD pair. A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.5650 in the near term. The next major hurdle for the bulls might be $2.620. Another Decline? If XRP fails to clear the $2.450 resistance zone, it could start another decline. Initial support on the downside is near the $2.2320 level. The next major support is near the $2.20 level. If there is a downside break and a close below the $2.20 level, the price might continue to decline toward the $2.120 support. The next major support sits near the $2.050 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $2.2320 and $2.20. Major Resistance Levels – $2.40 and $2.450.
XRP price is holding above key support levels after an aggressive 20% drop since last Sunday. Bulls have lost control, but despite the selling pressure, XRP remains strong above the $2 mark—a critical level that must hold to prevent further declines. The recent downturn has added to market uncertainty as investors look for signs of stabilization. Related Reading: Litecoin Trading Activity Increases Over The Past Month – Potential LTC ETF Draws Speculation Top analyst Ali Martinez shared an analysis on X, revealing that XRP is breaking out of an ascending parallel channel, signaling a potential downside. According to Martinez, XRP could target $1.65 if the breakdown continues, making the next few weeks crucial for its price action. The overall market remains under pressure, with altcoins struggling to reclaim key levels. Bulls could push for a recovery if XRP manages to hold above $2 and regain momentum. However, failing to defend this support could result in a deeper correction, putting additional pressure on the broader crypto market. XRP Bulls Try To Reclaim Bullish Momentum XRP is trading below key levels as it tries to reclaim bullish price action amid the broader market selloff. The entire crypto market has been under pressure after Bitcoin lost its weekly support, triggering panic and increasing selling pressure across altcoins. XRP, like most major assets, has struggled to hold its ground, dropping sharply over the past few days. Martinez’s analysis on X reveals that XRP is breaking out of an ascending parallel channel, signaling a potential move lower. According to Martinez, XRP could target $1.65 if it fails to hold current demand levels. This breakdown aligns with the overall market weakness, where bulls are struggling to regain control. Despite the bearish outlook, XRP is still holding above the $2.20 mark, where buyers are attempting to defend the price from further declines. Short-term selling pressure seems to be fading, and if bulls can maintain support above this level, a recovery could be on the table. However, if XRP fails to reclaim the $2.40 level soon, bears could take control and push the price further down. The next few days will be critical for XRP’s price action as the market looks for a potential reversal or continued downside. Related Reading: Cardano Remains In Consolidation – Expert Projects 25% Price Move Price Holds Above Key Support XRP is trading at $2.22 after briefly dropping to $2.05, following the recent wave of selling pressure that has shaken the entire crypto market. The price has struggled to reclaim higher levels as fear and uncertainty continue to dominate sentiment. Investors are closely watching for a potential recovery, but bears remain in control for now. For XRP to regain momentum, bulls must hold the price above the $2.20 level and establish it as strong support. A sustained hold at this level could set the stage for a recovery rally, with the next key resistance around $2.40. However, if selling pressure intensifies and XRP fails to maintain its current support, the $2 mark will be the last stronghold for buyers. Related Reading: New Chainlink Addresses Hit Highest Levels Since January – LINK Network Growth Accelerates If XRP breaks below $2, further downside could follow, potentially dragging the price toward lower demand zones. On the other hand, a quick bounce above $2.30 could indicate a shift in momentum, allowing bulls to regain control and push the price toward $2.50 and beyond. The next few days will be critical for XRP’s short-term price action, as investors look for signs of strength amid ongoing market volatility. Featured image from Dall-E, chart from TradingView