Experts Say XRP is Going for It Again: Price Levels to Watch

Experts predict XRP could see another bullish rally, with potential price targets around $3 depending on key support levels and market movements.

XRP has been trading within a range for the past few days after dropping from the $2.85 top. Since this seven-year peak, the bears have dominated, pushing the price down to retest the $2.10 level.

Despite this, proponents remain hopeful for a fresh bullish rally that could propel the price past its all-time high. Multiple analysts suggest XRP may be nearing the conclusion of its stay in the $2 range.

According to “Altstreet Bet,” XRP is “going at it again,” referencing a chart showing an impending breakout after four days of consolidation. The analyst predicted a giant wave could take XRP back to the $3 price range.

MichaelXBT, a charting expert, shared a similar viewpoint. He highlighted that XRP is currently retesting a broken channel as support, with the next upward move likely to begin soon.

Meanwhile, technical analyst Casi Trades provided a detailed analysis of XRP’s next movement, outlining two potential scenarios for its future price action.

First Scenario for XRP Future Price Movement

In the first scenario, known as the ABCDE scenario, Casi suggests that if XRP finds support at the 0.236 Fibonacci retracement level (around $2.312), the next wave could propel the price to $3.74.

This price target represents the 0.618 extension of the 5th wave, a strong signal of bullish momentum. According to Casi, a breakout above XRP’s all-time high (ATH) would likely occur, followed by a test of that support level, paving the way for further gains.

Second Scenario for XRP

The second scenario, the ABC path, involves a deeper correction. Specifically, Casi projects that XRP will complete the C wave between the 0.382 retracement levels, with a dip to $1.94–$2.04. For context, XRP is currently trading at $2.29.

Should this dip occur, XRP’s next move would likely align with the $3.50 price point. A break above this level, coupled with a successful retest of support, would signal the potential for a more massive surge.

Casi’s outlook is highly optimistic, suggesting that the ATH run is well within reach and that the bull run up to the current position may just be the beginning of a major upward trend. She emphasized that the crucial price levels between $3.50 and $3.74 will be pivotal in setting the tone for XRP’s next major move.

According to her, a clean break of the ATH, followed by a support test, would be the ideal scenario for XRP rather than encountering heavy resistance at these key levels.