- XRP consolidates under $3, signaling a buildup for a potential breakout soon.
- Analysts predict XRP’s next target at $5.85, followed by $8 and higher levels.
- RSI indicates oversold conditions, hinting at a possible reversal and bullish shift.
XRP continues to consolidate under the $3 level as analysts anticipate a strong upward move in the coming months. Despite recent downward movements, experts see this phase as a necessary period of rest before the next bullish wave. Analysts Dark Defender and Master Ananda suggest that XRP is preparing for a significant breakout, with potential price targets reaching $14 or even $30.
XRP Consolidates, Setting the Stage for Growth
Dark Defender highlights that XRP remains in a correction phase but is still following a structured upward trajectory. The key level to watch is $3, which serves as the breakeven point for further price acceleration. If XRP manages to break above this resistance, the next target is projected at $5.85, followed by an eventual rise to $8 as part of its fifth wave.
According to Dark Defender’s analysis, the structure remains intact, and the next phase could bring new all-time highs. The ongoing consolidation is not a sign of weakness but rather a buildup for the next big move. Investors should closely monitor these levels, as a confirmed breakout could push XRP into uncharted territory.
Market Trends Indicate a Strong Bullish Cycle
Master Ananda offers a broader perspective, explaining that XRP has been moving sideways for the past 64 days. The recent price action has effectively nullified movements from late December to mid-January, indicating that the market remains in a period of consolidation. Despite short-term downward pressure, this phase is seen as a stepping stone for long-term growth.
Ananda emphasizes that patience is key. While XRP may see further consolidation initially, the market will eventually gain momentum. The bullish trend is expected to pick up pace gradually, attracting new participants and positive sentiment. By mid-March 2025, confidence in XRP’s bullish trajectory should be evident, with prices displaying sustained strength.
Technical Indicators Signal Potential Reversal
Momentum indicators provide additional insights into XRP’s price movements. As of press time, $2.55 , the Relative Strength Index (RSI) sits around 40.35, indicating oversold conditions, which could signal a potential reversal if buying pressure increases.
Meanwhile, the Moving Average Convergence Divergence (MACD) lines, currently in a bearish crossover, show signs of convergence. This hints at an upcoming shift in momentum that could favor bulls in the near future.