The cryptocurrency market is experiencing significant turbulence, with a 4.4% drop in total market capitalization over the past 24 hours. Leading cryptocurrencies, including XRP, have not been spared. XRP has slipped by 2.3%, extending its recent downturn.
XRP’s Rough March: Price Crashes and Market Struggles
March has been particularly brutal for XRP holders. The token suffered two major price crashes—an 18.6% drop on March 8 and a staggering 22.12% decline between March 7 and 10. XRP is currently down 18.49% from its March 7 level and struggling to recover.
Despite the short-term losses, some analysts believe XRP could see a major turnaround in the coming months. Could 2025 be a breakout year for the token?
Crypto Analyst Predicts XRP’s Next Big Peak
Renowned crypto analyst EGRAG Crypto remains bullish on XRP’s long-term trajectory. Based on historical price cycles, he predicts XRP could reach its next major peak in either May or September 2025. His forecast is rooted in past trends, particularly the market cycles observed between 2014 and 2018, which lasted approximately 1,492 to 1,614 days.
EGRAG previously anticipated a major XRP rally in July 2024 but has revised his timeline after reviewing historical data, now eyeing 2025 for the token’s next significant price surge.
Can XRP Hit $27?
Despite the current market downturn, EGRAG maintains an ambitious long-term price target of $27 for XRP. Over the past year, XRP has demonstrated resilience, climbing 241.2% in value.
XRP started 2025 at $2.0870, recording a strong 46% gain in January before dipping 29.3% in February due to market volatility. As of early March, it traded at $2.1469 but suffered two significant corrections, pushing it below its initial March levels to $2.1298.
Technical analysts highlight $2.2 as a crucial resistance level for XRP. If the token fails to reclaim this level, further declines could follow. The most critical support sits at $1.6—falling below this threshold could trigger deeper losses.
Also Read: XRP at a Crossroads: Will It Hold $2 or Drop to $1.27?
As market uncertainty persists, investors remain divided on whether XRP can weather the storm and deliver on bullish predictions. All eyes are on 2025.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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