- XRP faces a pivotal point, with resistance at $2.27 and support at $2.12.
- Analysts project XRP reaching $10+ in Q1 2025, with $35 possible in late 2025.
- XRP’s RSI at 53.19 suggests neutral momentum, signaling potential for recovery.
XRP’s price has been a topic of much debate recently, with analysts offering their views on where it might go next. As per analyst Egrar crypto’s analysis, XRP has successfully filled the MACRO triangle and reached the key Fib 0.702 level. This marks a significant achievement, validating his previous price predictions. The next big question is whether XRP will continue its upward trajectory, potentially surpassing double digits and hitting mid-double digits.
Can XRP Reach $10 and Beyond?
Further, another analyst Cryptoinsightuk’s analysis introduced an interesting perspective on XRP’s potential in the coming quarters. By overlaying the 2017 price pattern and adjusting it for the recent breakout, the analysis suggests that XRP could see significant price gains in Q1 2025, potentially reaching $10 or higher. In Q3 and Q4 2025, there could even be a blow-off top, pushing XRP’s price to around $35.
Key Resistance and Support Levels
XRP’s price has recently experienced a minor decline, with a drop of 3.14%, bringing the current value to $2.20. Notably, the recent high of $2.27 has become a crucial resistance level.
A sustained break above this price could signal the start of an upward trend. Conversely, the support level near $2.12 is critical to monitor. A drop below this level might open the door for further declines, with the next support zone around $2.00.
Consequently, the market is at a pivotal point. If XRP’s price breaks the resistance at $2.27, it could challenge higher price levels, making mid-double digits seem more achievable. However, if the bearish trend continues and the price dips below $2.12, the possibility of a prolonged downturn increases.
Market Sentiment and Indicators
Market sentiment around XRP has been somewhat bearish recently. The market cap has dropped by 3.53%, reflecting the pressure on the asset. Additionally, a 7.59% decline in trading volume indicates reduced market activity, which often signalled uncertainty or indecision.
In terms of technical indicators, the RSI stands at 53.19, indicating neutral momentum. If the RSI moves above 60, bullish sentiment may return. The MACD is slightly bearish, but the diminishing bearish momentum in the histogram suggests the market could stabilize soon. Hence, if the price continues following these indicators, XRP might be poised for a stronger upward movement.