XRP Holds $2.30, Analyst Eyes $7.50 Breakout in 2025

Tech

XRP Holds $2.30, Analyst Eyes $7.50 Breakout in 2025

• Analyst EGRAG predicts a major breakout for XRP with potential price targets of $7.5, $13, and $27.
• XRP faces critical resistance in “Channel B,” and a breakout could trigger a significant rally.
• Previous successful predictions by EGRAG suggest a promising upward movement despite current price corrections.

The XRP price showed a weak performance lately, dropping by 2% over the last 24 hours to trade around $2.30.

On a weekly basis, XRP saw a modest gain of just 1.59%. Still, analysts anticipate a significant move ahead.

Crucial Resistance Level for XRPs Next Big Move

XRPs price movement remains stuck within a long-term technical range. Crypto analyst EGRAG, however, sees potential for a breakout soon.

EGRAGs latest analysis highlights a key resistance area he calls “Channel B.” This channel blocked XRP from closing a monthly candle above this critical level for some time. If XRP can successfully move past this resistance, a substantial rally could follow, potentially reaching highs around $27.

Technical Foundation Behind XRPs Ambitious Targets

To give weight to his projections, EGRAG referenced his earlier analysis, in which he identified significant resistance levels at $0.6450, $0.85, and $1.10 that XRP needed to overcome. At the time, XRP was trading at around $0.50.

EGRAG also pointed to $0.85 as the midpoint of a broader range. A strong monthly close above this point could confirm XRPs path toward higher Fibonacci levels.

On the downside, EGRAG pinpointed major support at $0.48, $0.38, and $0.28, highlighting these as prime accumulation areas before potential upward moves.

Remarkably, XRP successfully broke through these key levels, swiftly surpassing $1 and entering the $2 range by late 2024. The token continued to climb, reaching as high as $3 by January 2025.

Sentiment Cooling as XRP Holds Around $2.30

Following multiple corrections, XRP is currently trading near $2.30, with investor optimism fading. Despite weaker sentiment, EGRAG remains confident in another substantial upward movement based on historical patterns.

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Three XRP Price Targets Investors Should Monitor

EGRAG laid out three price targets for XRP investors to monitor closely. Based on Fibonacci analysis, XRPs next target could hit $7.50 (Fib 1.236). Continued bullish momentum could then push prices to around $13 (Fib 1.414), and ultimately $27 (Fib 1.618).

Essentially, this analysis suggests a promising outlook for XRP even with current weak price action and discouraging price performance.