- North Carolina’s pension fund investment permission for cryptocurrency may lead to substantial institutional interest towards XRP.
- The Elliott Wave bullish forecast indicates that XRP may reach between $5.85-$8.07 in Wave (3) then advance to target between $18.22-$23.20 in Wave (5).
- The three-month market close for XRP on March 31 will establish long-term breakout potential and future bullish movement.
With the North Carolina government choosing to enable pension funds to buy cryptocurrency,this is likely going to promote faster institutional adoption of digital assets including XRP. XRP will gain advantages because it serves as a speedy instrument for international payments. According to Steph is Crypto analysis pension fund participation in XRP could propel its price to exceed $10 because of increased institutional and public sector interest.
As of today, March 26, 2025, XRP is trading at $2.45, showing a slight dip of 0.5% in the last 24 hours. XRP maintained its upward momentum with a 5.2% surge during the past week even though the market value has experienced a 0.5% decrease in the last 24 hours. The currency’s current trading position has established $2.43 as its support threshold whereas $2.48 functions as the resistance point within a restricted trading zone.
XRP Breaks Multi-Year Resistance: Is a Major Rally Ahead?
According to analysis from DefendDark, XRP’s three-month data shows a major resistance breakthrough at the multi-year threshold identified by the green line.The chart is structured around Elliott Wave Theory, depicting a classic five-wave pattern.
The existing pattern includes completed Waves (1) and (2) together with Wave (3) that progresses at present. The key Fibonacci extension levels forecast that Wave 3 will move XRP toward prices of between $5.85 and $8.07.
The bull market will continue to strengthen Wave (5) and possibly generate price targets that extend from $18.22 to $23.20. The Fibonacci analysis supports this outlook through multiple resistance levels which include $1.88 (161.8% extension) and $5.86 (261.8% extension) and $12.22 (361.8% extension).
Tracking the March 31 three-month candle closure becomes important to verify if XRP’s breakout will remain sustainable. The price holding itself above established levels strengthens the bullish structure and thus improves the probability of reaching higher price targets.
