TLDR
- After two months of decline, XRP finds itself trading in the $2.05 to $2.09 range.
- Analyst EGRAG Crypto has put forward a bold forecast, suggesting XRP may catapult to $27 in an estimated 63 days by June 2025.
- Dark Defender has pinpointed $2.222 as a pivotal threshold, crucial for potential upward breakouts.
- Technical patterns are currently showing XRP in a 'falling broadening wedge,' a setup often seen before significant breakout movements.
- Price predictions span a conservative $5-$8 up to a lofty $27, demanding a substantial 1,191% rise from its current position.
Reflecting the wider trends in the crypto world, XRP has seen notable fluctuations, now priced between $2.05 and $2.09, down from over $3 earlier in the year. Despite recent setbacks, many seasoned analysts remain optimistic about its future prospects.
XRP appears set to log a second month of losses. March 2025 experienced a 3.16% dip, on the heels of February’s more pronounced 29.33% drop, pushing the token below the vital $3 threshold.
This downward momentum marks a consecutive double month drop not seen since December 2022, causing a stir amongst investors hoping for a continued rise.
Technical Analysis
Currently, XRP is navigating critical price support around the $2 mark, a battleground that will likely define its near-term path as buyers and sellers clash.
Market analyst EGRAG Crypto remains steadfast with a target of $27, drawing from the 2017 bull run's data and looking towards the next 63 days for potential realization.
He draws parallels between the current market landscape and the past cycle of 2017, when XRP consolidated over 42 days before a 21-day explosive surge.
From bottom to peak during its 2017-2018 climb, XRP spent exactly 9 weeks (63 days) climbing. EGRAG sees a repeat of this scenario, with June 2025 as the target to reach $27.
Another well-regarded analyst, Dark Defender, has recognized $2.222 as a crucial resistance level; breaking past it could rejuvenate bullish trends and push prices upward.
Hi all!
I hope you are well! #XRP Prices reached our lowest Fibonacci mark.
As mentioned, surpassing $2.222 is crucial.
We've identified $2.04 as our Fibonacci baseline, and it's plausible we might revisit it.
April and May are anticipated to be pivotal months, while aiming for our Wave 5 objectives. pic.twitter.com/j2JunirCkN
— Dark Defender (@DefendDark) March 30, 2025
According to Dark Defender, after the slide, XRP sits at its deepest Fibonacci trough. Though further slips towards $2.04 are acknowledged, he keeps a target of $5 to $8 with the ongoing Elliott Wave count.
The current Elliott Wave analysis anticipates April and May could witness marked strength. for XRP. Despite gathering bearish sentiments in the market short term, this prediction holds firm.
The crypto sentiment gauge reads 'fear' at 24. Interestingly, Dark Defender interprets this heavy pessimism as possibly setting the scene for an unexpected rebound.
The technical analysis charts showcase XRP in a 'falling broadening wedge,' a pattern known for hinting at potential breakout volumes.
For bulls to regain control, XRP XRP needs to reclaim $2.30 initially to move towards more upward resistance levels. A decisive breakthrough beyond $2.50 could reinvigorate bullish activity, indicating the onset of a fresh upward phase.
Traders are attention if XRP holds firm above the indispensable $2.00-$2.07 range. Failing to uphold this could initiate more selling before any recoveries.
