Ripple’s XRP has staged a robust recovery following a recent pullback, with analysts identifying critical resistance and support levels that could dictate its next major price movement. Despite short-term volatility, experts maintain a bullish outlook, projecting short-term targets of $5 and a long-term goal of $18.
Key Resistance and Support Levels
- Current Price: XRP trades around $2.45, facing immediate resistance at **$2.70**. A breakout above this level could confirm bullish momentum.
- Critical Support: The $2.50** zone acts as a strong floor. A drop below may trigger selling pressure toward **$1.60–$2.00, though buyer activity suggests resilience.
Elliott Wave Theory Predicts $18 Surge
Crypto analyst Dark Defender applies Elliott Wave Theory to XRP’s price action:
- 5th Wave Target: $5.85 in the intermediate cycle.
- Long-Term Projection: $18.22 upon completing the current corrective phase.
👉 Discover how XRP’s technical patterns could redefine crypto gains
Market Sentiment and Investor Activity
- Bullish Indicators: Despite bearish funding rates, heightened exchange inflows ($15M+) signal rising trading volumes.
- Short Squeeze Potential: Aggressive short positions may fuel a rebound, mimicking historical recovery trends.
Path to $5 and Beyond
- Breakthrough Levels: XRP must surpass $3** and **$3.30 to accelerate toward $5.
- Elliott Wave Confirmation: A 50% bounce post-triangle thrust supports the $5–$10 trajectory.
FAQ Section
Q: What drives XRP’s current bullish outlook?
A: Technical indicators (Elliott Wave), strong support at $2.50, and institutional interest in Ripple’s ecosystem.
Q: Could XRP realistically reach $18?
A: Yes, if broader market conditions, regulatory clarity, and adoption align with long-wave projections.
Q: How does Trump’s Truth.Fi ETF impact XRP?
A: Speculation suggests the "Made in America ETF" may include XRP, boosting its U.S. market positioning.
👉 Explore Ripple’s roadmap for institutional adoption
Final Thoughts
XRP’s journey hinges on overcoming immediate resistance while maintaining key supports. With analysts backing both short-term ($5) and long-term ($18) targets, the asset remains a standout in the evolving crypto landscape.
Data Source: XRP Liquid Index (XRPLX) via Brave New Coin
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