Jakarta, Pintu News – XRP’s Consolidation and Future Prospects
According to Coingape, the price of XRP is currently consolidating following a minor decline of 2% as of March 17, 2025. Despite this dip, analysts remain optimistic about the cryptocurrency’s potential, forecasting a bright future.
One prominent expert has boldly predicted that XRP’s price could soar to a remarkable $70, driven by technical patterns rather than mere speculation.
Other analysts share a positive outlook, with price targets for Ripple’s native token ranging from $3 to over $5 in the upcoming months.
XRP Poised for a Big Surge, Analysts Set Ambitious Targets
Leading analyst EGRAG CRYPTO has presented a compelling analysis suggesting XRP’s potential for explosive growth.
In a recent post, EGRAG CRYPTO emphasized that XRP’s price might reach $70, basing his prediction on technical cycles and mathematical models. He elaborated on platform X:
#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
He outlines his projections through logic, math, and technical analysis. His research highlights two crucial price levels: Stick 2 and Stick 3, with Stick 3 pointing to a potential price of $70. EGRAG CRYPTO’s analysis is grounded in the following steps:
- Study previous market cycles.
- Analyze the ongoing cycle.
- Apply the percentage formula to price movements.
- Assess the potential for a price correction.
- Confirm price targets with technical indicators.
Other Experts Agree with XRP Bullish Predictions
In addition to EGRAG CRYPTO’s bullish projection, other experts are also anticipating a significant rise in XRP prices. Crypto analyst Dark Defender forecasts a movement towards $2.42, suggesting that the real rally will commence once XRP surpasses the Ichimoku Cloud resistance. He notes:
“XRP is expected to rise to $2.42 first. The real momentum will start once XRP is above the Ichimoku Cloud.”
The primary correction on the weekly, daily frame and 4-hour structure is over for #XRP.
There will be more minor ups and downs; we check daily in detail. XRP has started Wave 1 with an aim of $5.85.
Supports: $2.30, $2.22
Resistances: $3.39, $5.85
The upcoming weeks will be… pic.twitter.com/ygUK3mJhux
— Dark Defender (@DefendDark) March 17, 2025
Dark Defender highlights support levels at $2.22 and $2.04, with a higher target of $5.85.
Moreover, crypto analyst Rose Premium Signals has shared a bullish trading scenario for XRP. Based on their analysis, XRP is breaking out of a descending channel pattern, potentially creating a bullish opportunity in the short to medium term. Their trading strategy suggests an entry range of $2.20-$2.40, with short-term targets at $2.60, $2.85, and $3.10, and mid-term targets at $3.36 and $3.87, with a stop-loss at $2.00 for risk management.
$XRP/USDT
Direction: LONG 📈
ENTRY: $2.20 – $2.40
🎯 TARGETS
Short Term: $2.60 – $2.85 – $3.10
Mid Term: $3.36 – $3.87
🔻 STOP LOSS: $2.00
📌 XRP is breaking out of a descending channel, aiming for higher levels! 🚀 pic.twitter.com/QrCdM4BXsm
— Rose Premium Signals 🌹 (@VipRoseTr) March 16, 2025
Can XRP Reach $70? Here’s What to Look Out For
While the $70 price target appears ambitious, technical indicators suggest that XRP has substantial momentum. If key resistance levels are breached, the asset could enter a parabolic phase, akin to previous bullish cycles.
Despite the recent market downturn, speculation has intensified following hints of a possible settlement in the Ripple vs SEC case. Institutional fund inflows into XRP have remained robust, contributing to the asset’s resilience. The latest report shows an inflow of $1.8 million, contrasting with outflows in other assets like Bitcoin.
As of March 17, 2025, XRP’s price had declined by about 1.8% to $2.33, yet its trading volume surged by 60% to $4.21 billion. This comes amid a broader crypto market downturn, with Bitcoin under pressure due to insider trading rumors.
Data from CoinGlass (March 17) indicated a nearly 5% decrease in Open Interest for XRP Futures to $3.17 billion, reflecting the market’s subdued sentiment.
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Disclaimer:
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
