- XRP must hold $2 support to avoid a potential drop to $1.25.
- A breakout above $2.60 could push XRP toward $3 and higher resistance levels.
- Analysts predict a $70 surge if historical patterns and legal outcomes favor XRP.
Ripple’s XRP is battling to keep the $2 support intact. A breakout could send prices higher, but a drop below support may trigger heavy losses. Analysts remain divided. Some predict a short-term rally, while others foresee an explosive surge. Legal developments add more uncertainty. The market watches closely. Will buyers hold strong, or will sellers take control? Let’s explore what’s happening.
XRP Price Analysis: Bulls Holding the Line
Analyst Ali Martinez identified a head-and-shoulders pattern on the weekly chart. This formation often signals a trend reversal. If XRP stays above $2, a move toward $2.60 and $3 could follow. A breakdown below support may lead to a sharp decline. The next major safety zone sits at $1.25, aligning with pattern projections. Losing $2 would confirm a bearish shift and increase selling pressure.
XRP currently trades at $2.34, reflecting a 2% daily increase. The Relative Strength Index (RSI) sits at 48.56, showing neutral momentum. If RSI moves above 50, buying pressure could push prices higher. Bollinger Bands provide more clues. The price remains near the middle band at $2.33. A rise past $2.72 could confirm strength, while a drop below $1.93 may signal further downside.
XRP to $70? A Bold Prediction
Analyst EGRAG CRYPTO believes XRP has massive long-term potential. A historical pattern suggests a surge to $70. This forecast relies on past market cycles, price movements, and technical models. Legal factors also play a role. Some sources claim the SEC vs. Ripple lawsuit could end soon.
Insiders hint at a reduced fine and possible recognition of XRP as a commodity. A favorable ruling may remove uncertainty and boost investor confidence. Traders must watch key levels. Bulls aim for a breakout, while bears wait for weakness. The next few weeks could decide XRP’s future.
