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Analysts remained optimistic about XRP’s potential price surge, predicting that the crypto will pass the critical test and hit somewhere between $33 and $70 despite the setbacks that it is facing lately.
Market observers expressed their confidence in the capability of XRP to bounce back amid the decline in its trading volume wherein investors saw a 20% drop.
XRP Faces Setbacks
Reports said that the altcoin is currently facing some challenges to regain momentum for a bullish run as its price and trading volume went on a downward trend.
As of writing, XRP is being traded at $2.33, down by 0.1% in the past 24 hours, which is higher than the $2.29 recorded on March 16.
On the brighter side, XRP showed some resilience despite the current near-term pressures after posting a 9% increase in the past week.
Many analysts have mixed opinions on the price movement of XRP because of these figures. However, some market observers maintained a positive outlook on the long-term of the crypto despite its near-term struggles.
#XRP – Today’s Price Action Analysis
The Blue Channel is providing a clear indication of #XRP‘s next move.
I’ve noted that the equilibrium has been established and is resting on the lower edge of the Blue Channel, making a mini bounce quite apparent In the below previous post.… https://t.co/W3FaTyEkSA pic.twitter.com/SSNxBAY2A5
— EGRAG CRYPTO (@egragcrypto) March 15, 2025
Can XRP Hit $70?
One of the crypto analysts who remained confident on XRP is Egrag Crypto, who made a bold prediction on a possible surge. He said that XRP is operating on a cycle that might result in huge price levels in the future.
Egrag Crypto believes that XRP could potentially hit anywhere from $33 to $70 in the upcoming months, putting into consideration both its short-term volatility and long-term potential.
“I’ve been closely analyzing the strength of Wave 1 across various crypto charts, and after reviewing multiple projects, I’ve noticed a compelling pattern in #XRP that could signal a potential cycle top,” the analyst explained in a post.
The crypto analyst expressed confidence in the percentage formulas he used to determine XRP’s price direction, adding that he identified two main targets: Stick 2 and Stick 3, which pertain to $33 and $70.
#XRP – 3rd Stick Post ($33 – $70) 🌊
I’ve been closely analyzing the strength of Wave 1 across various crypto charts, and after reviewing multiple projects, I’ve noticed a compelling pattern in #XRP that could signal a potential cycle top. By applying percentage formulas, I am… pic.twitter.com/EXok7CBTW1
— EGRAG CRYPTO (@egragcrypto) March 16, 2025
“Loving the Wave 1 deep dive—XRP got that fire, right? Your cycle analysis is spot on—668% vibes from $0.50 to $3.84, then stacking it again feels spot on, doesn’t it? And those percentage formulas—$33 to $70—Stick 2 and Stick 3, spot on targets—50% and 80% discounts make total sense,” @terryki04112392 commented on Egrag’s post.
Resistance Levels
The crypto expert explained that XRP is currently sitting in a price channel that will influence where it will be heading, adding that the crypto’s price is near $2.83, a critical level that could project strength.
The analyst said that once XRP hits that level, this might propel the cryptocurrency to move towards $4.20 in the near term but if the coin fails to have a firm grip above the current levels, it might test support levels below.
According to the analyst, $2.40, which was the previous day’s high, and $2.97, which was the week’s high, are two key levels to keep an eye on.
Featured image from Gemini Imagen, chart from TradingView
