XRP saw a significant 5% price jump today, hovering around the $2.5 mark despite a 25% drop in its 24-hour trading volume to $9.5 billion. The cryptocurrency has faced intense volatility, briefly dipping below $2 recently. However, renowned crypto analyst EGRAG CRYPTO remains highly optimistic, predicting XRP could skyrocket to $222 based on historical patterns.
#XRP – Kangaroo Phase 🦘
— EGRAG CRYPTO (@egragcrypto) March 5, 2025
🟣#XRP is gearing up for its next big leap! Here’s why:
✅ Holding above critical support trend level
✅ Successfully retested the Bull Market Support Band
✅ Consolidating above Fibonacci 0.888
✅ Another Macro consolidation Fib 1.0 zone in play ($3.37… pic.twitter.com/Lj9gBqW0H6
XRP Enters “Kangaroo Phase” – A Bullish Breakout Ahead?
EGRAG CRYPTO describes XRP’s current market behavior as a “Kangaroo Phase,” where volatility is high, but the overall trend remains bullish. The analyst points to XRP holding strong above key Fibonacci retracement levels, a technical indicator that suggests a potential breakout.
Drawing comparisons to XRP’s massive rally in 2017, the expert highlights how the crypto initially hit the 1.618 Fibonacci extension level before a parabolic surge. Based on this trend, XRP could first target $8.50 to $13 before climbing to $27. In the long term, the Fibonacci model suggests an extreme rally to $222, a prediction that has sparked excitement in the crypto community.
Trump’s Support Boosts Market Sentiment
Adding to the bullish outlook, former U.S. President Donald Trump recently announced plans to include XRP in the U.S. Strategic Reserve list. This unexpected move has fueled optimism among investors, positioning XRP as a potential key digital asset in the country’s financial ecosystem. Trump’s pro-crypto stance has already influenced market movements, and institutional interest in XRP could rise significantly if these plans materialize.
SEC Lawsuit Nears Resolution, Strengthening XRP’s Case
Another critical factor driving XRP’s price surge is the anticipated conclusion of the Ripple vs. SEC lawsuit. Legal experts suggest a resolution could come as early as March, further strengthening investor confidence. The SEC has recently dropped several crypto lawsuits, raising hopes that Ripple could emerge victorious.
Also Read: XRP Lawsuit Update: Jeremy Hogan Hints at Possible March Resolution
With historical patterns, technical analysis, and regulatory factors aligning, XRP’s price trajectory appears promising. While the $222 target may seem ambitious, past market cycles indicate that explosive rallies are possible. A recent report also suggests that XRP could reach $30 by May 2025. However, given the crypto market’s volatility, investors should proceed with caution and conduct thorough research before making investment decisions.
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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