The XRP price is showing strong bullish momentum, with multiple crypto analysts projecting significant upside potential if key support levels hold. Recent price action above $2.50 has sparked optimistic forecasts, with some experts eyeing targets as high as $4.20.
Critical Support Levels for XRP’s Next Move
According to prominent crypto analyst Egrag Crypto, XRP must maintain support above $2.50 to sustain its current bullish trajectory. The analyst emphasizes two crucial support zones:
- Primary support: $2.50
- Secondary support: $2.42
- Macro support: $2.20
Technical Analysis Points to Higher Targets
Multiple technical indicators are aligning to suggest further upside potential for XRP:
- RSI showing bullish momentum
- Break above main resistance line on daily chart
- Key Fibonacci retracement level at $2.69
Wave Analysis Suggests Explosive Move Ahead
Dark Defender’s Elliott Wave analysis indicates that XRP is entering its third wave, historically the strongest in the sequence. Key levels to watch:
- Support: $2.3620 and $2.4690
- Resistance: $2.6553 and $3.3330
- Ultimate target: $5.00
Expert Price Predictions
Several prominent analysts have shared their XRP price targets:
- CasiTrades: $3.00 short-term target if $2.69 resistance breaks
- Dark Defender: $5.00 potential in wave 3
- CrediBULL Crypto: Long-term target of $28.00
Market Performance
XRP is currently trading at $2.58, showing a 3% increase in the last 24 hours. The critical $2.69 resistance level remains a key focus for traders.
Frequently Asked Questions
What is the key support level for XRP?
The critical support level is $2.50, with secondary support at $2.42 and macro support at $2.20.
What is the highest price target for XRP?
Among the analyzed predictions, CrediBULL Crypto’s $28.00 represents the highest target for this market cycle.
What technical indicators support the bullish case?
The bullish RSI, break above main resistance, and Elliott Wave analysis all suggest potential upside momentum.
