TLDR
- This crypto asset has kept its head above the $2 mark for almost three months now, exhibiting a consistency that hasn't been seen before.
- Experts in technical analysis indicate that XRP is amassing liquidity above the $2.60 zone, potentially gearing up for an upward trend.
- EGRAG Crypto, an analyst, suggests high-reaching targets, envisioning levels at $15, $22, $27, and for the most optimistic scenario, as much as $44.
- XRP's recognition as part of the U.S. Digital Asset Reserve highlights increasing institutional backing.
- Today’s market stability differs from previous peaks, where XRP swiftly retreated from elevated highs.
Trading just above two dollars for a stretch of almost three months, XRP shows unusual resilience in contrast to past cycles. Despite challenges between $2.6 and $2.8, it holds strong at approximately $2.44.
Several factors are fueling XRP’s current steadiness, including progress with ETFs, inclusion in strategic reserves, and a notable SEC case decision.
Analyst Dom notes that XRP's current trajectory is a stark departure from previous cycle tops characterized by rapid ascents and declines, without sustaining high trading levels.
There's a compelling reason to think a rise this year is likely – keep reading. $XRP Typically, it's been common for XRP to reach significant heights in a short timeframe, as seen below.
Every time $XRP Historically, there’s been no mid-term stabilization at those increased price levels.
In December 2013, for instance, XRP spiked to $0.0614 before plunging to $0.00281 a few months later. Similarly, in late 2014 and early 2018, it peaked at $3.8 only to drop drastically. pic.twitter.com/RahjM2xHwz
— Dom (@traderview2) March 24, 2025
The extended period of steady trading above $2 reflects a market consensus on XRP’s price valuation. Dom points out, 'The longer a price stays at a level, the more it indicates a mutual agreement among market players.'
This prolonged stability is unlike genuine cycle peaks, which typically form swiftly without allowing traders to exit at favorable prices. The steady trading volumes at current levels further suggest active market involvement.
According to EGRAG Crypto’s technical analysis, XRP’s weekly chart reveals a potential ascending triangle pattern, characterized by a flat upper boundary around the $2 psychological threshold and a rising lower boundary indicating higher lows.
Technical Analysis
XRP has been challenging this resistance for nearly seven years. Attempts to break it in April 2021 faced a backlash at $1.96. However, later in 2024, XRP breached the $2 threshold, surpassing the upper boundary.
EGRAG’s insights propose that the recent correction from January 2025's peak of $3.4 serves as an effort to retest the triangle breakout. Once stabilized above $2, an explosive rise could be on the horizon.
For this anticipated breakout, the analyst outlines several price forecasts. The base target is $15, marking a 514% surge from current standings. Following a routine breakout measurement, the subsequent target is set at $22.
Last December, EGRAG envisioned a personal ambition of $27 based on a Break of Structure. His most daring forecast extends to $44, indicating an enormous 1,703% climb from present values.
Investing in crypto isn't straightforward – it's a multifaceted strategy. Embrace it.
#XRP – Extended Target of $44:
Despite these lofty targets, EGRAG recommends seizing profits gradually as XRP ascends from $5, extending the strategy up to $9.
Choose your targets Wisely:
🔹Conservative Target: $15
🔹Normal Measurement: $22
🔹Extended Measurement: $44
🔹Personal Target: $27Take Profits: It’s wise to… pic.twitter.com/aHBB3kWeie
— EGRAG CRYPTO (@egragcrypto) March 25, 2025
Another industry expert, Crypto Patel, has noticed a bullish shift after XRP reclaimed sell-side liquidity, identifying $2.2220 as a strong bullish order block and a strategic entry for long positions.
With XRP re-establishing crucial levels, traders now eye $2.9990 and $3.4000 as prospective upside zones. Overcoming these resistances might ignite the next big rally.
The addition of XRP to the U.S. Digital Asset Reserve considerably uplifted market sentiment. This development underscores growing institutional endorsement, cementing its role as a major player in the financial sector.
With regulatory challenges easing post-SEC vs. Ripple outcome, the focus shifts to new market drivers like forthcoming ETF launches, expanding stablecoin usage, and enhanced blockchain adoption. XRP’s Bitcoin’s recent surge has injected fresh optimism into the crypto realm, sparking bullish waves across major tokens. Historically, strong BTC gains often shift capital into altcoins, positioning XRP to benefit from this dynamic.
XRP boasts a 24-hour trading volume of $5.50 billion and a market capitalization of $142.87 billion. Its price has nudged upwards slightly in the past day.
Technical signals point out that XRP is accumulating liquidity above $2.60, a pivotal level that might trigger the next major rally. A breakthrough above this resistance could pave the way for a significant price jump, especially as market trends align with positive macro developments.
At the time of writing, XRP With clearer regulations, rising institutional interest, and a robust technical outlook, XRP seems ready for additional gains. The crucial question remains whether it can surpass existing resistance marks and establish its subsequent upward phase.
As liquidity builds up and the market stabilizes, traders are vigilantly monitoring for indicators of a breakout from XRP's present trading confines.
Maisie is a seasoned journalist specializing in Cryptocurrency & Financial news, having contributed to Moneycheck.com, level-up-casino-app.com, Computing.net, and serving as Editor in Chief at Blockfresh.com.
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