- XRP faces key resistance at $3.08, with analysts eyeing a surge beyond $8 soon.
- Whale activity and institutional interest fuel XRP’s bullish momentum and price gains.
- Analysts project XRP’s mid-term target at $77.7, with support at $2.60 and $2.77.
XRP has been making significant moves in the cryptocurrency market, with analysts forecasting even greater price action ahead. The latest surge, fueled by bullish sentiment and key market developments, has brought renewed optimism among traders and investors.
XRP Price Movement and Analyst Projections
According to Dark Defender, XRP’s short-term resistance levels are set at $5.85 and $18.22, with a mid-term target of $77.7. The analyst believes that XRP is currently in a third-wave extension phase, which could push the price toward $18 before experiencing a correction. Following this correction, XRP is expected to reach the projected mid-term target. Support levels stand at $2.60 and $2.77, reinforcing key price zones where buyers may step in.
I shared an update on XRP's short-midterm target of $77.7 on X, setting $5.85 and $18.22 as short-term possibilities. You might recall that historical pattern scenario.
— Dark Defender (@DefendDark) March 2, 2025
As we discussed many times with the third wave, $XRP can extend towards $18; after the fourth wave correction,… pic.twitter.com/49ih6wZXAs
Meanwhile, CasiTrades highlighted XRP’s recent 28% rally from the $2 support level. The analyst emphasized that the cryptocurrency is now facing critical resistance at $3.08, a level that must be broken for further upside movement.
Based on historical patterns, only minor pullbacks are expected, which signals a strong bullish trend. CasiTrades maintains that XRP’s price could surpass $8, marking one of the biggest moves in its history.
🚨 XRP UPDATE – THE MOMENT WE’VE BEEN WAITING FOR! 🚨
— CasiTrades 🔥 (@CasiTrades) March 2, 2025
Just like I thought, #XRP has exploded 28% off the $2 support, hitting the target—and then BOOM, the massive #cryptoreserve news drops!! 🎯This is exactly the kind of catalyst that fuels a parabolic move! 📈🔥 If you were… pic.twitter.com/Tx7ENMW03c
Market Catalysts and Whale Activity
A significant catalyst driving XRP’s price surge is its inclusion in a multi-token cryptocurrency reserve in the United States. This announcement, along with increasing institutional interest, has strengthened bullish sentiment. Ripple’s long-standing efforts to advocate against a Bitcoin reserve and promote XRP’s utility are also contributing factors.
Additionally, Whale Alerts reported that one billion XRP tokens were unlocked by Ripple on Monday. Large token movements often indicate potential market shifts, as institutional investors and whales adjust their holdings. Despite concerns about supply increases, demand appears to be absorbing the unlocked tokens, sustaining price momentum.
XRP’s Current Market Status
As of press time, XRP is trading at $2.57, with a 24-hour trading volume of $21.1 billion. The cryptocurrency has gained 14.13% in the past 24 hours and 4.82% over the past week. With a circulating supply of 58 billion tokens, XRP holds a market capitalization of $148.64 billion.
