Ripple’s native cryptocurrency, XRP, has slipped over 4%, breaching the critical $2.7 support level and raising concerns about a deeper correction. This downturn comes after XRP briefly surpassed $2.8, fueling speculation about a rally to $3. However, recent movements have cast doubt on its short-term trajectory.
Expert Predicts XRP’s Next All-Time High
Despite the current pullback, crypto analyst EGRAG CRYPTO remains bullish on XRP’s future. He highlights the significance of the 21-week exponential moving average (EMA), which has consistently acted as a strong support level. Even amid recent volatility, this indicator held firm, signaling potential stability.
According to his technical analysis, XRP is consolidating between Fibonacci (Fib) levels 0.888 and 1.0, within the $2.25-$3.30 range. This setup suggests an imminent breakout. EGRAG CRYPTO pinpoints March 10, 2025, as a key date when XRP could surge to $8—a nearly 3x gain from current levels.
Beyond this, he predicts further gains, forecasting a climb to $13 by September 22, 2025, and a potential $27 by June 30, 2025, based on extended Fibonacci projections. Additionally, another report suggests XRP could reach $17 within the same timeframe.
Short-Term Outlook: Can XRP Reclaim $3?
Market analyst Dark Defender remains optimistic about XRP’s short-term prospects. He suggests that reclaiming the $2.7740 level could set the stage for a rally to $3. His analysis aligns with that of Ali Martinez, who recently noted that XRP is forming a “cup and handle” pattern, historically indicative of a bullish breakout to $3.35.
Can XRP Flip Ethereum?
A growing discussion in the crypto community revolves around whether XRP can surpass Ethereum (ETH) in market performance. Dark Defender argues that XRP is already outperforming ETH, citing a 564% surge from September 2023 to January 2025, compared to ETH’s 80% gain. This discrepancy, he suggests, highlights XRP’s rising market dominance.
At press time, XRP was trading at $2.67, down 4.13% in the last 24 hours but up nearly 12% over the past week. Open interest in XRP futures fell by 6% to $4.07 billion after peaking at $4.2 billion, indicating some investor caution.
Meanwhile, speculation over a potential settlement in the Ripple vs. SEC case could be a major catalyst for XRP. A favorable outcome under a new SEC chair may push the crypto to new highs. Additionally, growing anticipation over a possible XRP ETF approval in the U.S. could attract institutional investments, further driving its price upward.
Also Read: XRP Price Could Soar to $17, This Analyst Predicts Breakout Timeline and Key Levels
With technical indicators flashing bullish signals and institutional interest on the rise, XRP may be on the verge of a major breakout. The question remains: Will it reclaim $3 soon, or is a deeper correction ahead?
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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