XRP Price Teeters At Key Level—Will It Soar Or Slip?
The post XRP Price Teeters At Key Level—Will It Soar Or Slip? appeared on BitcoinEthereumNews.com.
XRP price hovered near the $2.2 mark as it continued to consolidate within a tight trading range. Despite recent optimism over the Ripple vs. SEC lawsuit nearing its end, XRP could not deliver on the high expectations of a price hike. Soon after the regulator announced it would drop the lawsuit, Ripple announced it would not go with its cross-appeal. Thar said, analysts remain confident about the token’s long-term performance, citing strong technical support and potential breakout levels. Experts Predict Significant Upside for XRP Price The XRP price traded flat when Ripple announced it dropped its cross-appeal, posting a slight rise of 0.48% and holding firm at around $2.44. On March 30th, at the time of writing, it was trading at $2.15, up 1.54% intraday. It was down over 10% over the past seven days. The market research community interprets this period of stabilizing prices as a sign of strength since investor interaction with XRP grows positively. Crypto analyst EGRAG CRYPTO forecasted a conservative XRP price target of $15, based on long-term technical trends. The analyst revealed one target at $22 as normal, but another extended target reached $44. A conservative analysis of this model shows promising potential, especially when markets show caution. Source: X According to the expert forecast, XRP holders should take profit at various intervals because waiting for a single market peak would be riskier. EGRAG CRYPTO explains that implementing this technique reduces potential risk while earning profits during times of market volatility. XRP maintains its support at $1 as he predicts it will never drop even in bear market conditions. Experts said the XRP price faces short-term resistance at $2.75, which must be breached to trigger the next upward move. The crypto analyst Dark Defender pointed to $2.55 as a minor resistance point while indicating $2.42…
Filed under: News - @ March 31, 2025 3:03 am