The post XRP Price Bulls Eye $3 Breakout—Can History Repeat in March? appeared on BitcoinEthereumNews.com.

XRP price is holding steady at $2.56 as the market heads into the Feb. 24 close. After a 7.22% decline over the past week, the altcoin has seen a slight 0.84% recovery in the last 24 hours. However, it remains uncertain whether this signals the start of a rebound or just a temporary pause before another move lower. With March historically favoring XRP bulls, traders are watching closely to see if a breakout is on the horizon. Source: CoinMarketCap Data from CoinMarketCap shows XRP’s monthly losses now at a hefty 20.30%, a far cry from its November 2024 swagger. Still, there’s a pulse of hope—and some big calls—keeping the faithful on edge. – Advertisement – XRP Price Clinging to $2.47: Bulls’ Last Stand More Crypto Online dropped a gem on X this weekend, pegging XRP in a “neutral consolidation range.” No bulls, no bears—just a standoff. Its Feb. 22 post, steeped in Elliot Wave vibes, flags $2.47 as the do-or-die support. Stay above it, and the bullish orange wave holds water, maybe even pushing past $2.75 toward $3.30. Slip below, and it’s a bearish yellow slide—think $2.34, $2.22, or as low as $1.95. XRP Holds Critical Support at $2.47. Source: More Crypto Online/X Egrag Crypto’s got a bolder take. “The red resistance line (~$3.00) represents a critical level from previous all-time highs. A monthly close above this level could confirm a breakout toward the next Fibonacci extension targets—$4.3 to $6.4,” Egrag Crypto explained. However, he also warns that failure to clear $3.00 could lead to a pullback, with support levels at $1.90–$2.00. A drop below $1.90 could shift sentiment bearish, triggering a sharp decline toward $0.90–$1.00. XRP’s Historical Data Suggests a March Rally—But There’s a Catch According to CryptoRank, XRP price tends to perform well in March, April, and May,…

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Filed under: News - @ February 24, 2025 10:21 am