- XRP must defend the $2.00 level to avoid triggering massive liquidation risks.
- Breakout above $3.40 could signal XRP’s path toward double-digit price territory.
- XRP matching Ethereum’s market cap implies a long-term target near $5.58.
XRP is drawing renewed attention in the crypto space as analysts highlight bullish patterns and critical market levels. As of press time trading at $2.28, XRP is down slightly over the past 24 hours and has declined 4.77% in the past week.
Yet, despite the short-term weakness, larger technical structures and market insights point to a potentially significant breakout. Market observers are closely watching XRP’s evolving chart patterns, which some say could mark the beginning of a historic price move by the end of 2025.
Potential for Ethereum-Level Market Cap: A Glimpse at $5.58
According to recent data from CoinGecko, if XRP were to match Ethereum’s market capitalization, its price could surge to $5.58. This represents a 2.44x increase from its current level.
With XRP sitting at a market cap of around $134 billion, compared to Ethereum’s $327 billion, the gap presents a considerable opportunity. Significantly, such valuation metrics offer perspective for long-term investors who believe in XRP’s fundamental utility and legal clarity compared to competitors.
Fun fact: 1 $XRP = $5.58 if $XRP had the same market cap as $ETH today. pic.twitter.com/8YL8LNGDhF
— CoinGecko (@coingecko) May 29, 2025
Bullish Technical Signals on the Yearly Chart
Crypto analyst EGRAGCRYPTO brings a technical focus, pointing to the yearly “Candle 13” as a potential breakout formation. He identifies Candle 12 as a classic bullish engulfing pattern, marking a trend reversal that has been building since Candle 5.
Based on this structure, Candle 13 is forecasted to launch XRP into double-digit territory. By referencing the 800% gain in Candle 9, EGRAG suggests targets of $13, $17, and possibly $22. Crucially, XRP must close above $1.85 and aim to break $3.40 for this bullish path to continue. Falling below $1.85 could end the current rally’s momentum.
#XRP – Candle Number 1⃣3⃣, Price 🎯$13 or $22 & The Noise Signal 🪇
— EGRAG CRYPTO (@egragcrypto) May 29, 2025
Here are the 3⃣ main themes we can unveil from the 12-month/yearly chart: 📊
1️⃣ Candle 1⃣2⃣: The Most Bullish Candle Formation
Candle 12 was actually the strongest Bullish Engulfing pattern, the engulfing… pic.twitter.com/h1kqQRmshL
Liquidation Risks and Key Support Levels
Another key market signal comes from Steph is Crypto, who warns of an untouched $564 billion liquidation wall at $2.00. This level now acts as a liquidity magnet and must hold if bulls want to maintain structure.
If the price dips to this level, mass liquidations could trigger rapid price movements. Resistance zones are identified between $2.5 and $2.7, where prior liquidations previously occurred. Hence, defending the $2.00 mark is essential for continued bullish momentum.
