- XRP must hold above $2 to sustain bullish momentum and avoid sharp volatility.
- RSI nearing overbought zone signals strength, but MACD hints at possible slowdown.
- SEC’s April 3 meeting could impact XRP’s regulatory clarity and ETF approval.
XRP’s price action has sparked fresh excitement in the market, with analysts predicting a potential rally to $27 within 60 days. According to EGRAG CRPTO, an analyst, historical trends indicate that such a move is possible, mirroring XRP’s parabolic surge in 2017. At that time, XRP skyrocketed within a 63-day period, a pattern that some analysts believe could repeat.
Recently, XRP broke a significant resistance at $1.22 (0.702 Fibonacci level) and is now testing its all-time high of $3.38. If bullish momentum persists, the next major target is $27, based on the 1.618 Fibonacci extension. However, market liquidity and broader economic conditions remain key factors in determining whether XRP can sustain its rally.
#XRP – $27 In 60 Days!!!!!
— EGRAG CRYPTO (@egragcrypto) March 31, 2025
Historical Patterns Indicate It Can Be Done in 60 Days! 📅🚀
What’s your take on the current market sentiment? 🤔
Are you feeling #Bearish or #Bullish? 📉📈
I’d love to hear your thoughts—drop your comments below! 💬👇 pic.twitter.com/kDSAo8rENt
XRP Faces a Critical Monthly Close Above $2
EGRAG CRYPTO, a well-known analyst, highlighted the importance of XRP maintaining a monthly close above $2. With 16 hours remaining until the close, traders are closely watching whether the price can hold above this crucial level.
Failure to maintain this support could lead to increased volatility, potentially driving the price lower. As of press time, XRP is trading at $2.06, reflecting a 6.10% decline in the last 24 hours and a 16.46% drop over the past week. Despite these short-term losses, bullish analysts remain optimistic about a potential rebound, emphasizing the need for XRP to stay above critical support zones.
#XRP – Monthly Time Frame 📈
— EGRAG CRYPTO (@egragcrypto) March 31, 2025
⏳ 16 hours left to keep this monthly candle’s body above $2!
🚫 We must not allow any part of this candle to close below $2.#XRPFamily STAY STEADY AND STRONG, TOGETHER WE RISE.💪 pic.twitter.com/2f5YTeULXC
Technical Indicators Signal Potential Upside
From a technical standpoint, XRP’s momentum remains strong, although some indicators suggest caution. The Relative Strength Index (RSI) stands at 64.05, approaching the overbought zone at 70 but still within a bullish range. As long as the RSI remains above 50, buying pressure should continue supporting the uptrend.
The Moving Average Convergence Divergence (MACD) indicator also confirms bullish momentum, with the MACD line significantly above the signal line. However, the histogram is beginning to flatten, indicating a possible slowdown or consolidation phase.
Regulatory Developments Could Play a Pivotal Role
Market sentiment around XRP is also influenced by regulatory factors, particularly the U.S. Securities and Exchange Commission’s (SEC) upcoming closed-door meeting on April 3. The meeting will discuss legal actions and administrative proceedings, which may provide clarity on XRP’s regulatory status.
Some analysts believe a positive outcome could accelerate the approval of an XRP-spot ETF, significantly boosting institutional demand. Ripple CEO Brad Garlinghouse recently emphasized the importance of regulatory clarity for XRP’s growth in the U.S. market. A favorable decision could act as a catalyst for the next leg of XRP’s rally, while uncertainty may dampen investor sentiment.
