How high can XRP price go?

XRP (XRP) has dropped practically 30% since hitting a seven-year excessive of $3.39 in January.

Nonetheless, bullish information—like Ripple’s potential decision within the SEC lawsuit and a new license in Dubai—has fueled a rebound. As of March 24, XRP was buying and selling for as excessive as $2.47, up 38% from its year-to-date low of $1.79.

How excessive can the XRP value go from right here? Let’s look at.

XRP parallel channel initiatives $2.77 goal

XRP is climbing inside a rising parallel channel, exhibiting indicators of energy because it pushes towards a vital resistance stage.

Key takeawas:

• The pair is now eyeing a retest of $2.59—the 0.618 Fibonacci retracement stage—which beforehand acted as a robust resistance capping the March 19 rally.

• A profitable breakout above this resistance may see XRP testing the channel’s higher trendline, situated close to $2.77—coinciding with the 0.786 Fibonacci stage.

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• Market analyst Dom emphasized that XRP should stabilize above $2.50, which aligns with its all-time excessive volume-weighted common value (VWAP), to maintain bullish continuation.

• The Relative Energy Index (RSI) is trending above 60, indicating constructing bullish momentum with out but being in overbought territory.

XRP symmetrical triangle breakout looms

XRP is flashing a serious bullish sign on its greater timeframe chart, with value motion coiling inside a symmetrical triangle that implies a breakout rally could also be on the horizon.

What to know:

• A symmetrical triangle types when the worth consolidates inside a triangle-like construction after a robust uptrend or downtrend.

• It usually resolves when the worth breaks out within the path of its earlier development, rising/falling by as a lot because the triangle’s most peak.

• The triangle sample fashioned after XRP’s 575% rally between November 2024 and January 2025, elevating the prospects of additional positive aspects within the coming weeks.

• A profitable breakout above the triangle’s higher trendline may ship XRP’s value towards $4.20—up about 70% from the present value ranges—by Might.

• Analyst CrediBULL Crypto additionally suggests that XRP is gearing up for a brand new all-time excessive above $3.40 within the coming weeks.

XRP liquidation heatmap exhibits $2.66-2.98 as subsequent potential targets

The Binance XRP/USDT liquidation heatmap reveals key liquidity zones the place giant liquidation occasions could happen. These ranges act as magnet zones, influencing value path based mostly on the quantity of liquidity at a given stage.

Key factors:

• A excessive focus of liquidations is seen close to $2.66, with the yellow space indicating a cluster of leveraged positions, suggesting it’s a key resistance stage.

• If $2.66 stage is damaged, it may spark a liquidation squeeze, forcing brief sellers to shut positions and driving costs towards $2.98, the following main liquidity cluster.

This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer entails threat, and readers ought to conduct their very own analysis when making a choice.