- XRP must break $3.00 to confirm a bullish move toward $4.30-$6.40 levels.
- Long-term projections suggest XRP could reach $33-$60 if momentum sustains.
- SEC’s XRP ETF decision may act as a key catalyst for future price action.
XRP’s price action remains a focal point for analysts as it continues consolidating within an ascending triangle formation. According to analyst EGRAG CRYPTO, historical trends suggest that ascending triangles break to the upside nearly 70-75% of the time, while downside breaks occur in about 25-30% of cases. Based on these probabilities, XRP could target a price range between $3.20 and $3.40 if it follows the expected bullish trajectory.
#XRP – 12 Hours TF UPDATE:
— EGRAG CRYPTO (@egragcrypto) February 22, 2025
Nothing has changed still filling in the Ascending Triangle.
Historical data suggests that ascending triangles breaking out is as follows:
1⃣ To the upside approximately 70-75% of the time. 2⃣ To the downside occur around 25-30% of the time.… pic.twitter.com/E0FXevYE9d
Short-Term Resistance and Upside Potential
Currently, XRP trades at $2.67, demonstrating strong bullish momentum while facing key resistance levels. In another analysis by EGRAG CRYPTO, the primary resistance zone ranges between $2.75 and $3.00, with the critical resistance line at $3.00 playing a decisive role. A monthly close above this level could confirm a breakout, potentially pushing the price toward Fibonacci extension levels at $4.30 and $6.40.
EGRAG CRYPTO’s short-term projection identifies the next major resistance zones between $4.30 and $6.00. A sustained move beyond $3.00 could trigger increased buying pressure, reinforcing the bullish outlook. However, failure to break resistance might lead to a retracement toward the $2.00 level, where previous support has held.
Long-Term Outlook and Parabolic Arc Formation
XRP’s long-term trajectory follows a parabolic arc formation, marked by three distinct phases. According to EGRAG CRYPTO, the projected long-term targets range from $33 to $60.
A confirmed breakout beyond the Fibonacci 1.618 level at $6.40 could initiate the next leg higher, with intermediate price targets at $8, $13, $27, and potentially $67. Increased volume and momentum would be crucial factors in validating this bullish scenario.
#XRP Short-Term & Long Terms Price Targets ( $4-$6 and $33-$60)
— EGRAG CRYPTO (@egragcrypto) February 21, 2025
⚪️Short-Term:#XRP current price action is trading at $2.67, showing a strong bullish move but facing resistance at the red horizontal zone (~$2.75-$2.83-$2.910 and $3.00).
◻️Resistance & Breakout Levels:
▫️The… pic.twitter.com/9Lp6zEsi3p
Possible Bearish Scenarios
Despite the optimistic outlook, risks remain. A rejection at $3.00 could trigger a pullback toward the $1.90-$2.00 range. A further breakdown below $1.90 would shift sentiment bearish, potentially leading to a drop between $0.90 and $1.00. EGRAG CRYPTO notes that such a scenario would be challenging but could act as a precursor to a stronger rally in the future.
Market Catalysts and ETF Developments
In a broader market context, XRP’s trajectory may also be influenced by regulatory developments. The SEC has acknowledged multiple XRP ETF applications from firms like Bitwise, CoinShares, and Grayscale.
While approval remains uncertain, optimism persists. Polymarket traders currently estimate an 81% chance of ETF approval before the end of 2025. The SEC is expected to make a decision by mid-October, potentially acting as a key catalyst for XRP’s next move.
