- XRP targets $8.67 post-correction, driven by a bull flag on weekly chart trends.
- Fibonacci and regression analysis project XRP’s potential at $6.4 to $27 by 2025.
- RSI and MACD confirm bullish momentum, with near-term consolidation likely.
XRP’s price action has sparked optimism among analysts, with bullish trends pointing toward significant price targets. According to Dark Defender, XRP mimics a corrective structure on the daily timeframe. This correction is expected to conclude within ±10 days.
On the weekly chart, the asset exhibits a bull flag pattern that began forming in early December. This bullish structure targets $8.67 as its initial goal. However, before achieving this target, XRP must complete its ongoing corrections on the daily chart. With XRP trading at $2.19 at press time, this analysis outlines the critical supports, resistances, and indicators shaping its trajectory.
Bullish Indicators and Short-Term Movements
Dark Defender noted that XRP recently found support at $2.13 before rising to $2.17, reflecting strong upward momentum. Current supports lie at $2.03, $2.11, $2.13, and $2.17, while resistances are at $2.22, $2.42, and $2.69. These levels suggest a well-defined trading range as the correction progresses.
Furthermore, the proximity of trendlines and Fibonacci levels indicates potential alignment for a bullish breakout. Once the correction concludes, XRP is poised to pursue its upward targets.
EGRAG CRYPTO’s analysis complements this outlook with insights from the Linear Regression Channel. This tool identifies reversal zones and mean reversion opportunities within a defined price channel.
For XRP, the upper band of this channel signals potential overbought conditions, while the lower band suggests oversold opportunities. This dynamic tool supports traders in spotting high-probability trades and predicting mean reversion trends.
Medium- and Long-Term Price Projections
EGRAG CRYPTO highlights ambitious price targets based on Fibonacci levels and the Linear Regression Channel. By March 2025, XRP is projected to reach $6.4, aligning with Fib 1.618 for strong confluence.
A potential breakout above the regression channel could drive XRP to $8.5, supported by Fib 1.272. Intermediate targets include $4.4, linked to Fib 1.414, while the cycle’s blow-off top is expected between $13 and $27. These projections underscore the potential for extended bullish momentum as XRP continues its upward journey.
Technical Indicators Support Bullish Momentum
XRP’s monthly chart reveals bullish technical signals. The Relative Strength Index (RSI) stands at 79.06, indicating overbought conditions that may lead to consolidation. Additionally, the Moving Average Convergence Divergence (MACD) shows a strong bullish crossover, confirming the strength of the uptrend.
