TLDR
- XRP is trading around $2.39, forming a symmetrical triangle pattern with key resistance at $2.55
- SEC dropped its lawsuit against Ripple Labs last week, creating regulatory clarity
- Analysts predict potential price targets ranging from $2.00 (bearish) to $10 by 2030 (bullish)
- Technical indicators show mixed signals with RSI at 51.45 and a minor positive MACD crossover
- Some technical analysts forecast much higher targets ($6-$27) between 2025-2026, though these face criticism
XRP, the cryptocurrency associated with Ripple Labs, is currently consolidating around the $2.39 mark after experiencing both rallies and corrections in recent weeks. This comes as the U.S. Securities and Exchange Commission (SEC) dropped its long-standing lawsuit against Ripple Labs last week.
The resolution of this legal battle has created a fundamental shift for the token. It has sparked optimism among XRP supporters and analysts who are now eyeing new potential price targets.
Technical analysis shows XRP forming a symmetrical triangle pattern on the 4-hour chart. This formation features higher lows at $2.28 and resistance building near $2.55.
The pattern suggests a breakout may be coming soon. Traders are watching closely for confirmation through increased trading volume.
Several key price levels are worth monitoring in the short term. On the upside, $2.40-$2.42 serves as immediate resistance.
A clean move above these levels could open the door for a rally toward $2.55. Should momentum continue, the price might reach as high as $2.88.
On the downside, $2.28 acts as a critical support level. Failure to hold this support could push XRP down toward $2.18-$2.20.
If bearish pressure increases, the price might extend its decline to around $2.00. This represents a risk for those holding the cryptocurrency.
Momentum indicators are currently showing mixed signals with a slight bullish tilt. The Relative Strength Index (RSI) stands at 51.45, indicating balanced buying and selling pressure.
The Moving Average Convergence Divergence (MACD) displays a minor positive crossover. The MACD line sits at 0.0022 versus the signal line at 0.0065.
Bollinger Bands have notably contracted with the price trading near the mid-band at $2.40. This narrowing suggests that a period of increased volatility may be approaching.
On the daily chart, XRP is navigating within a descending triangle pattern. The resistance level near $2.88 remains the larger breakout barrier to watch.
Analysts View
$XRP is trading within a triangle similar to December when it broke to the upside
Does history repeat itself? 🚀 pic.twitter.com/6TOjftzKsz
— Trader Edge (@Pro_Trader_Edge) March 21, 2025
Bitget analyst Ryan Lee notes that a breakout from the current trading range could lead to major moves in either direction. “Short-term price targets range from $2.00-$2.17 on the downside to $2.65-$3.00 on the upside,” Lee said.
Looking at longer timeframes, Lee added: “Long-term forecasts suggest $4.20-$10+ by 2030 if Ripple capitalizes on payment adoption, though $2.50 remains a pivotal level to watch for the next breakout or breakdown.”
Nick Ruck, director at LVRG Research, pointed to relatively lower volatility in XRP’s recent price action. He suggested this indicates bullish sentiment among traders.
Adding to the positive outlook, there’s increasing talk about a potential Ripple Labs IPO. CEO Brad Garlinghouse mentioned this was “possible” in an interview last week.
Some technical analysts have even more ambitious projections. Chart analyst Egrag Crypto forecasts potential moves to $6 or even as high as $27 between 2025-2026.
These higher targets have faced criticism from some market participants. Critics point to diminishing returns across market cycles as the cryptocurrency market matures.
The Fear & Greed Index for the crypto market currently sits in the “Fear” territory at 45. This indicates a cautious sentiment still grips the broader cryptocurrency sector.
