- XRP hit $3.4 in mid-January but fell 41.93% from that peak, now at $2.23.
- A break above $3 could invalidate the bearish pattern and flip XRP’s outlook bullish.
- Long-term analysis shows a cup-and-handle formation with targets up to $15, a 572.65% gain.
Ripple’s XRP has been struggling despite brief price jumps in recent weeks. The digital asset hit a local peak of $3.4 in mid-January, just before Donald Trump’s inauguration, coming within 1% of breaking its all-time high from 2018. However, since then, it has dropped significantly, now trading at $2.23 after a 5.66% daily decline.
The cryptocurrency has lost its position as the third-largest digital asset to Tether (USDT) and currently sits 41.93% lower than its cycle high. Despite regulatory shifts, the SEC lawsuit conclusion, and broader crypto market developments, XRP has failed to sustain momentum.
Breaking the $3 Barrier Could Flip the Trend
Market analyst Ali Martinez identified a critical level for XRP to restart its bull run. The asset needs to reclaim $3 to nullify the bearish head-and-shoulders pattern currently weighing it down.
If $XRP can break above $3, it would invalidate the current head-and-shoulders pattern, potentially flipping the outlook bullish,” Martinez stated.
Meanwhile, the analyst warned of downside risks, pointing to $2 as a key support level. If that fails to hold, the cryptocurrency could see a further decline toward $1.25, a price point not seen in months.
XRP’s Long-Term Pattern Signals Strength
While the short-term outlook looks shaky, CryptoELITES, a widely followed market expert, sees a bright future for XRP. On March 27, 2025, he posted an analysis showing that the token has already surged over 600% since he first flagged it at $0.50.
The long-term chart suggests the token is following a bullish trajectory based on a multi-year cup-and-handle formation that spans from 2018 to 2025. This pattern, a classic bullish signal, indicates potential for continued price growth, with a breakout above historical resistance levels between $1.95 and $2.00.
The recent surge in XRP’s price has been accompanied by strong green candles on the monthly chart, indicating sustained buying pressure. CryptoELITES applied Fibonacci extension levels to map out potential price targets.
According to his analysis, the cryptocurrency could rise to rise to $8.41 at the 1.272 Fibonacci extension, followed by $13.59 at the 1.414 level, and could ultimately hit $15—a remarkable 572.65% gain from its current price. Such a breakout would significantly boost XRP’s market cap and strengthen its standing in the crypto market.
Related Readings | MUBARAK Tanks to $0.09408! Binance Listing and Eid Hype Fuel Recovery Hopes
