- XRP is holding above $2.20 with a 3.7% daily gain, but traders remain cautious amid rising volume and neutral RSI.
- Analysts highlight $2.38 as a key breakout point, while others warn of a potential pullback to $1.24 before further upside.
- A bullish breakout from a triangle pattern suggests long-term targets as high as $120, though near-term volatility is likely.
XRP just put in a modest 3.7% gain today, riding the wave of a broader crypto market bump. Prices have been dancing above the $2.20 mark, showing the bulls are still hanging on—for now, anyway.
While things look calm on the surface, analysts are sounding off on both sides of the spectrum. One sees a breakout brewing if XRP can punch through resistance. Another’s tossing around the idea of a pretty steep fall if support crumbles.
XRP Stays Steady—But It’s Getting Tense
With the total crypto market cap ticking up by 1.18% to hit $3.36 trillion, and volume up over 5%, it’s clear traders haven’t totally lost interest. Bitcoin nudged its way up to $108K (up just 0.32%), while Ethereum made a stronger move past $2,550.
As for XRP? It’s currently changing hands at $2.26—up a little more than 2% on the day. What really stands out, though, is the volume: up a whopping 91% to $2.28 billion. That’s not just noise. That’s people moving serious coin.
Now, even though XRP bounced, it hasn’t exactly sprinted. The day’s range was a tight one—$2.21 to $2.26. Futures Open Interest dropped by over 2.4%, too, which means traders aren’t fully convinced yet. And with RSI sitting at 52? Yeah, XRP’s in no man’s land—neither hot nor cold.
Eyes on $2.38… or $1.24?
So, what now? Well, analyst Ali Martinez thinks XRP’s got a shot—if it can break past $2.38. That, he says, could “trigger” a major leg up. Simple as that. Resistance breaks = new energy.
But there’s another voice chiming in—EGRAG CRYPTO. And his take? A bit more dramatic. He’s talking triangles. According to his chart, XRP recently broke out of a symmetrical triangle to the upside—classic bullish setup.
Now here’s where it gets wild: his minimum price target is $120. Yep. That’s not a typo. A 9,000% move from where we are now. It sounds outrageous, but he’s got Fibonacci levels to back him up—$3.52, $9.13, $15, $30… all lined up like dominoes.
Still, he’s not blindly optimistic. EGRAG says we might see a “macro retest” at $1.24 before the rocket takes off. Pullbacks aren’t rare after big breakouts—it’s just part of the game. When someone called that kind of dip “brutal,” he didn’t flinch. Called it a “lifetime opportunity.”
What to Watch Next
In short, XRP is at a pretty critical point. Hold $2.20 and blast through $2.38? That’s a green light for bulls. But if that floor gives out, a fall to $1.24 isn’t off the table.
So yeah, it’s tense—but that’s crypto.
