$XRP
XRP faced a major crash, dropping below $3 for the first time since mid-January, touching $1.76 before rebounding. The broader crypto market also suffered, with over $2.2 billion in liquidations, marking the worst sell-off since FTX’s collapse.
The crash stemmed from growing fears of a trade war after U.S. President Donald Trump announced high tariffs on Mexico, Canada, and China. However, analysts now believe that XRP’s dip may have set the stage for a strong recovery.
Can XRP Hit $3 Again?
Before the crash, market analyst EGRAG warned of a possible 40% drop, citing a bearish “shooting star” candlestick pattern on the monthly chart. His prediction materialized, with XRP falling to $1.76 before rebounding.
EGRAG now believes that XRP could target $3 once again. His analysis suggests that the altcoin bounced off a key support trendline, reinforcing a potential bullish reversal.
Watch $2.45 for a Bullish Entry
Another analyst, Anbessa, believes XRP is now in consolidation mode.
Mid-range support is holding, signaling potential stability.
A break above $2.45 could trigger a bullish move toward $3.
At press time, XRP trades at $2.34, with volatility dropping. If buying activity returns, reclaiming $2.45 could give bulls a chance to push toward 3 dollar.
