The price of XRP has decreased by 4 % over the past 24 hours, as it decreased to less than the decisive support level of $ 2.65.
source: Coinmarketcap
This shrinkage raised concerns about more declines, especially after the cryptocurrency recently increased to $ 2.80, which increased the hopes of a possible crowd about 3 dollars.
Despite this short -term weakness, analysts remain divided on whether digital assets will recover or face long unification.
Technical indicators and market standards provide conflicting signals on the XRP path.
While some analysts expect a gathering in the short term, others warn that the main support levels may lead to more negative side.
Amid this uncertainty, the long -term expectations of XRP remain ambition, as market experts suggest a possible increase to $ 8 and up to 27 dollars in the coming years.
Main XRP signs
Several technical indicators indicate a possible recovery in the XRP price.
One of the main scale is the 21 -week Si -moving average (EMA), which was historically as a strong support level.
Even during the last contraction on the market, XRP managed to stick to this level, indicating flexibility in the current price range.
The Crypto Egrag Crypto analyst is highlighted the importance of Vibbonacci retreat levels, noting that XRP is currently combined between 0.888 and 1.0 FIB levels, ranging from $ 2.25 to $ 3.30.
This monotheism is often seen before the penetration, making the next few weeks a very important to determine the direction of XRP.
A large price is expected to be intersecting on March 10, 2025, based on Fibonacci’s expectations.
If market conditions are alignment, XRP may witness a significant increase to 8 dollars, which will represent an increase of three times the current levels.
Expectations indicate more gains, with potential price goals worth $ 13 by September 2025 and $ 27 by June 2026.
Short -term resistance
In the short term, XRP should restore the main resistance levels to confirm the bullish momentum.
Dark Defender analyst suggests that XRP’s ability to penetrate $ 2.77 can pave the way for about $ 3.
Hello everyone. #xrp He tries to claim a level of $ 2.7740. If you succeed, 3 dollars will be played. Break this channel Heralds 2 numbers first! Enjoy Sunday!
#xrpcommunity #xrparmyand #ripple
If this level is recovered, the completion may be about $ 3.35 in play, driven by the formation of a classic “cup and handle” in price charts.
Market morale is still mixed, with some traders in a breakdown position while others remain cautious because of the uncertainty in the macroeconomic economy.
The open interest of XRP futures decreased by 6 % to $ 4.07 billion, a decrease from a recent increase of $ 4.2 billion, indicating that reformer traders reduce exposure amid volatile conditions.
XRP versus ethereum
Although the last XRP prices have decreased, some analysts believe that they have the ability to overcome Ethereum in performance.
Over the past 18 months, XRP recorded a 564 % increase in prices, compared to ETHEREM 80 % in the same period.
This superior performance has led to speculation that XRP can narrow the gap with ethereum in the dominance of the market.
The broader view of XRP is still related to organizational developments.
Market speculation has contributed to a possible accuracy in the Ripple VS. case. SEC increases volatility.
A positive result, especially under the next American SEC chair, can lead to a great appreciation of the prices.
Expecting more than the possibility of XRP ETF in the United States has strengthened more investor’s attention.
Institutional adoption through ETF coded currency can provide a new capital flow, leading to long -term price momentum.
Post XRP is lower than support $ 2.65: Can he still reach $ 8? First appeared on Invezz
