XRP Price Prediction: Could It Hit a New ATH of $5 Soon?
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$XRP has been gaining momentum, and several analysts predict a major breakout in the coming weeks. With its current trajectory, many believe XRP could reach a new all-time high (ATH)of $5 and potentially even higher. Let’s break down the key insights from market experts and what could drive XRP’s next big move.
🏳️ Key Price Levels to Watch
Resistance Levels: Analysts highlight $2.67 and $2.95 as crucial resistance levels. Breaking these could trigger a strong upward rally.
Short-Term Targets: Crypto analyst Dark
Defender outlined key price points— $2.90, $5.85, and $8.03— that XRP might hit in the coming weeks.
Support Levels: XRP has strong support at $2.44 and $2.33 , which could act as a safety net in case of corrections.
🏴 Technical Indicators Suggest Bullish Momentum :
- Golden Cross on RSI: XRP’s Relative Strength Index (RSI) recently formed a golden cross , a strong bullish signal indicating potential upward momentum.
- Ascending Triangle Formation: Crypto analyst Egrag Crypto identified an ascending triangle pattern, suggesting that a close above $2.75 could push XRP towards $3.40 , and eventually a new ATH.
🚩Whale Movements & Institutional Interest :
Large #xrp holders, commonly known as whales , have been making significant moves:
- A 60 million XRP transfer (worth $163.7 million ) was recorded between unknown wallets.
- A massive 430 million XRP was moved, with Ripple itself transferring 300 million
XRP to an undisclosed wallet.
- Such transactions indicate that large investors are accumulating XRP, which could signal an impending price surge.
Price Forecast: How High Can XRP Go?
🚩According to various analysts:
- March Target: $XRP could hit $5 n the next few weeks, with a potential move towards $8 if it reclaims the $3 level.
- Next Market Cycle: Egrag Crypto suggests that in the long run, XRP could reach $13 .
