How excessive can XRP worth go?

XRP (XRP) has dropped almost 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 brand 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 worth go from right here? Let’s study.

XRP parallel channel initiatives $2.77 goal

XRP is climbing inside a rising parallel channel, exhibiting indicators of energy because it pushes towards an important resistance degree.

Key takeawas:

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

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

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

• The Relative Power 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 increased timeframe chart, with worth motion coiling inside a symmetrical triangle that means a breakout rally could also be on the horizon.

What to know:

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

• It sometimes resolves when the worth breaks out within the path of its earlier pattern, 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 factors within the coming weeks.

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

• Analyst CrediBULL Crypto additionally means 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 might happen. These ranges act as magnet zones, influencing worth path primarily based on the quantity of liquidity at a given degree.

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 degree.

• If $2.66 degree is damaged, it might spark a liquidation squeeze, forcing quick sellers to shut positions and driving costs towards $2.98, the subsequent main liquidity cluster.

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