- XRP consolidates between $2.26 support and $2.70 resistance, with a breakout level at $3
- Technical signals flash caution, but a move above $3 could ignite a strong rally.
XRP is at a crossroads. The asset has strong community backing and institutional interest, but price action remains weak. Despite several attempts, it hasn’t cleared $2.70. It now trades at $2.30, facing a major test at this key resistance.
The broader market downturn and regulatory uncertainty have kept momentum in check. Yet, historical trends and technical signals suggest a potential breakout—if bulls take charge.
Bulls and Bears Fight for Control
XRP’s price reflects current market volatility, the crypto industry has been battling downtown, even major cryptocurrencies like Bitcoin, Ethereum and Solana have suffered a backlash. XRP surged 16% in early March, holding to a strong buy pressure before losing steam at $2.70. This level remains a strong supply zone, keeping prices contained.
Data from CoinMarketCap shows XRP’s 24-hour trading volume fluctuates between $1.8 billion and $2.9 billion. Traders are yet undecided and hesitant, waiting until for a clear direction.
For XRP to initiate a bullish breakout, it must first breach $2.70 as this would confirm its strength and attract investors’ interest and purchases. But if XRP fails to maintain above $2.20 as a support zone, a drop to $2.10-$1.90 is possible.
Technical Indicators And Analysis
Despite optimism and interest in the XRP community, the current chart tells a different perspective. XRP Relative Strength index now sits at 49, showing a neutral ground for possible bear or bull movement. Meanwhile, the Moving Average Convergence Divergence (MACD) flipped a bearish signal, indicating a possible retracement.
Also, fibonacci retracement levels reinforce key price zones. The 0.236 Fibonacci level at $2.70 is a barrier that has its block potential upside. If a true breakout will happen, XRP must secure a daily dose above $3 , which perfectly aligns with the 0.618 Fibonacci level, which has been XRP strong resistance historically.
Meanwhile, crypto analyst EGRAG CRYPTO predicted that if XRP maintains a weekly close above $3.40, it could trigger a rally to $5. He cites historical examples as evidence. However, if XRP falls below $2.10, selling pressure could push it to $1.90 or lower.
Long-Term Projections: Can XRP Hit Triple Digits?
XRP’s long-term potential remains highly debated. Some believe institutional adoption and Ripple’s global partnerships could push prices to $100. Others argue this is unrealistic.XRP enthusiast and analyst recently announced his confidence via a post on X about XRP’s $100 potential.
Another analyst, Dark Defender, compares today’s market structure to XRP’s 2017 bull cycle. If history repeats, he says, prices could skyrocket to $333 in the most bullish scenario.
However, skeptics point to XRP’s current $133 billion market cap. Reaching $100 per token would require a staggering $5 trillion valuation—a level never seen in crypto. Additionally, Ripple’s legal battle with the SEC remains a major uncertainty that could limit upside potential.
Highlighted Crypto News for Today
