The XRP price is on the brink of a substantial surge as bulls strive to hold a significant resistance level. The cryptocurrency recently experienced a major breakdown under increased market pressure. Analysts believe a breakout above its descending resistance could propel XRP above $3 soon.
TradingView analyst, “MyCryptoParadise,” predicts XRP could reach $3.3, highlighting important support and resistance levels in his chart. XRP’s price had a notable pump after bouncing from a key support zone between $2.00 and $1.95 but suffered a pullback shortly after.
Currently, XRP holds above a critical support zone between $2.3 and $2.2. The analyst suggests buyers must defend this area to sustain the bullish setup or face a possible downturn. Sustained accumulation at this zone could drive a recovery to previous resistance levels at $2.7 - $2.8.
XRP must close above $2.85, with substantial volume, to confirm the bullish setup, eyeing $3.2 to $3.3 as the next major target. Failing to clear the descending resistance could lead to a price rejection, potentially resulting in fresh lows.
Meanwhile, another analyst, ‘Steph is Crypto,’ envisions an ambitious $30 target for XRP, implying a staggering 1,100% value increase from its current price. This prediction has sparked skepticism among the community due to its improbability.
