- XRP holds above $2 but may dip to $1.4 before rebounding, say top analysts.
- ETF momentum and institutional interest could push XRP to $27 long-term.
- Analysts warn of short-term volatility driven by resistance levels and market headlines.
Ripple token XRP kept its positive trajectory today by staying above $2 as the overall cryptocurrency market continued to show upward movement. The current trading value of XRP reached $2.09 after experiencing a 1% increase within the day. However, despite its current performance, some leading analysts are warning of a short-term pullback that could take XRP below $1.5.
Experts Caution on Dip Despite Long-Term Optimism
XRP’s trading volume declined by 6% to around $3 billion, and Futures Open Interest ticked up slightly by 0.5% to $3.09 billion. These mixed signals have contributed to market uncertainty, especially as attention remains fixed on Ripple’s legal proceedings with the US SEC. Although prices remain stable, analysts note that current resistance levels could trigger a correction if broken.
Crypto analyst EGRAG CRYPTO recently warned that XRP could retest lower support zones if it fails to break above key resistance levels between $2.30 and $2.50. He highlighted the risk of a temporary drop to $1.4, describing it as a likely “wick” caused by sudden market volatility. He attributed such moves to potential external headlines that may influence market psychology.
The analyst cited past events such as China’s mining bans or policy announcements that led to abrupt price fluctuations. His commentary suggested that these price swings often arise from institutional maneuvers rather than technical fundamentals. Despite the warning, EGRAG confirmed he is not engaging in short-term trades but is instead accumulating XRP at strategic price levels.
His long-term price projections for XRP reach $7.50 and $13 with a potential rise to $27. The successful debut of the first XRP Exchange-Traded Fund (ETF) in the United States has generated optimism by boosting investor confidence.
Market Patterns Indicate Drop Before Rebound
Analyst Ali Martinez presented a bearish scenario through technical chart patterns that enhance market caution. The expert predicted that XRP would fall to $1.29 before starting a new upward movement. Through the work of chart expert Thomas Bulkowski Martinez described these retracements as standard market mechanisms to boost trader participation.
In his analysis, he pointed out that this market pattern typically precedes the subsequent bullish phase and occurs frequently. Martinez stated that temporary market pullbacks do not signal long-term market weakness. These patterns represent normal price cycles influenced by traders’ market sentiment and strategic trading behavior.
XRP continues to attract focused monitoring as the cryptocurrency market undergoes further development. Experts warn of possible short-term market fluctuations yet maintain that sentiment about XRP remains strong.
XRP remains above $2 but analysts warn that a brief decline to the $1.4 range remains a possibility. Resistance levels or market headlines might spark this correction. The recent surge in ETF momentum combined with growing institutional interest makes XRP’s long-term forecast look promising and financial projections show it could climb to $27 soon.
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