XRP XRP Price Prediction & Analysis: Could This $2 Floor Launch Fresh Rally?

XRP XRP Price Prediction & Analysis: Could This $2 Floor Launch Fresh Rally?

TLDR

• XRP trading near $2.05 after falling 5.7% in 24 hours and 15.8% over the past week
• EGRAG Crypto forecasts potential surge to $27 by June 2025 based on 2017 cycle similarities
• Dark Defender identifies $2.222 as key resistance with $5-$8 price target for April-May period
• XRP recently lost the $3 mark during February’s 29.33% price drop
• Current Fear and Greed Index reading of 24 indicates market fear despite bullish technical analysis

XRP has entered a challenging period in recent weeks. The digital asset has experienced back-to-back monthly declines for the first time since December 2022.

The cryptocurrency is currently down 3.16% for March 2025. This follows February’s steep 29.33% decline that pushed XRP below the important $3 level.

Trading volumes show selling pressure remains dominant. The most recent 24-hour period saw another 5.7% price drop, bringing XRP close to the $2 support level.

Market sentiment has turned increasingly negative. The crypto Fear and Greed Index now registers a reading of 24, firmly in “fear” territory.

2017 Pattern Comparison

Some analysts see opportunity in this downturn. EGRAG Crypto has highlighted striking similarities between current market conditions and XRP’s behavior during the 2017 bull cycle.

In 2017, XRP reached an initial peak of $0.3988 in May before experiencing a correction. The price found support at $0.1891 in early November 2017.

After six weeks of consolidation, XRP began a powerful upward move. This rally lasted three weeks and ultimately pushed prices to $3.8 by January 2018.

From bottom to peak, that entire sequence took approximately 63 days (9 weeks). EGRAG believes this pattern is now repeating.

#XRP – $27 In 60 Days!!!!!

Historical Patterns Indicate It Can Be Done in 60 Days! 📅🚀

What’s your take on the current market sentiment? 🤔

Are you feeling #Bearish or #Bullish? 📉📈

I’d love to hear your thoughts—drop your comments below! 💬👇 pic.twitter.com/kDSAo8rENt

— EGRAG CRYPTO (@egragcrypto) March 31, 2025

The $27 Price Projection

With XRP recently establishing a floor near $2, EGRAG suggests a similar 63-day timeline could see prices reach $27 by June 2025.

This specific target is derived from the 1.618 Fibonacci extension level. During the 2017 bull run, XRP reached its 1.618 Fibonacci extension at approximately $3.3.

EGRAG has maintained this $27 price target consistently. The analyst first mentioned this goal in February 2024 when XRP traded at just $0.54.

At current price levels, reaching $27 would require a 1,191% increase. While still ambitious, this represents a more modest climb than the 4,900% gain needed when first predicted a year ago.

Elliott Wave Analysis

Another respected analyst, Dark Defender, offers a somewhat more conservative but still bullish outlook. He focuses on Elliott Wave theory in his projections.

Dark Defender identifies $2.222 as a crucial resistance level. Breaking above this price could trigger renewed upward momentum.

Recent price action has brought XRP to its lowest Fibonacci level in the current structure. The analyst notes further retracement to $2.04 remains possible.

Despite short-term weakness, Dark Defender maintains a $5 to $8 price target. This range aligns with the completion of the fifth wave in Elliott Wave theory.

Hi all!

I hope you are well! #XRP has touched our lowest Fibonacci level.

As stated, $2.222 is the key level and should be broken upwards.

We set $2.04 as our last Fibonacci level, and we can visit there again!

April-May will be hot, and our Targets of Wave 5 stand at… pic.twitter.com/j2JunirCkN

— Dark Defender (@DefendDark) March 30, 2025

Timing and Catalysts

Both analysts suggest April and May 2025 could be pivotal months for XRP. These time frames align with their technical analysis projections.

Dark Defender views the current bearish market sentiment as potentially positive. He notes that when 90% of participants become bearish, conditions often favor a reversal.

XRP currently trades at approximately $2.05. Trading volume has decreased by 17% over the past day as traders await clearer directional signals.

The price has declined more than 15.8% over the past week. This places XRP at critical technical levels that could determine its path forward.

Technical Support Levels

The $2 price zone represents important psychological and technical support. How XRP behaves at this level could set the tone for coming weeks.

If support holds, the first upside target would be $2.222 as identified by Dark Defender. This level needs to be reclaimed before higher targets become viable.

Below $2, analysts have identified $1.80 as the next major support area. A drop to this level would likely invalidate near-term bullish forecasts.

The current price action shows XRP hovering just above key support. This creates a pivotal moment for the asset’s short-term direction.

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