XRP (XRP) prices have risen 15% from $ 1.61 in the last seven years. According to some technical analysts, continuous recovery of more than $ 2.20 daily will inform the powerful reversal of two digits within the reaching range.
XRP/USD Maeil Daily Chart. Source: COINTELEGRAPH/TradingView
XRP price should be found for $ 2.20
After the Cryptocurrency market has experienced a relief rally due to the announcement of tariff exemptions for US President Donald Trump’s various technical products, traders are optimistic about the possibility of a double -digit XRP price.
Popular analyst DOM said that $ 1.96 of XRP’s recent support has restored the major “value area” of more than $ 2.00, founded in December 2024.
Analysts said in a April 13 post, “$ 2.20 is the only goal now.”
According to the accompanying chart, the price has recovered the election VWAP (volume weighted average price) to $ 2.03, suggesting the potential of additional profits.
“If $ 2.00 and election VWAP are supported, this chart looks very constructive.”
XRP/USD chart. source: Dome
According to the liquidation heat map, immediate support for the $ 2.10 and 100 -day index moving average (EMA) of XRP is especially important.
The wall of bidding liquidity is being built around this level, which suggests that in the short term, support and liquidity are increasing.
XRP liquidation heat map. Source: COINGLASS
Will XRP prices be $ 20 in 2025?
Following the recent recovery of the XRP price, anonymous encryption analyst Maelius said that altcoin could reach $ 10 and “optimistic” goal according to Elliott Wave theory of the weekly time frame chart.
“The conservative case is that the W3 has been completed in the process of finishing the current W4 before the XRP is expanded to the final W5.”
He reflects the 2017 cycle of price measures and RSI, and the RSI toppings in the resistance area (red) to suggest excess conditions.
If the current cycle is repeated, Maelius predicts that XRP can reach about $ 10 W5 goals by the end of the year.
“Conservative assumptions are the size of W5 to replicate one of the W3. So we aim for $ 10.”
XRP/USD weekly chart. source: Maelius
The analyst continued to argue that there is a possibility that the top of the W3 is not yet.
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The reason for the given is a larger accumulation period compared to the 2017 cycle in terms of price and RSI.
Maelius said, “There is a possibility of completing W3 in a larger W3, which is a little longer than before.
If this takes a long time, Maelius expects that the RSI will test the resistance again and confirm the completion of the third wave. The Eliott Wave Count also coincides with the previous cycle and has a longer fourth wave within the third wave as before.
“In such cases, the final W5 tower can be easily extended to Q1-2 in 2026, and it is likely that the goal is more than $ 15-20 than conservative.”
XRP/USD weekly chart. source: Maelius
Meanwhile, fellow analyst XFORCEGLOBAL pointed out that XRP is still in the “main bull market.” The price behavior was dramatically noticeable in the remaining Crypto market from the Elliott Wave theory.
“If all ideas are sorted with simple technical analysis, we are very likely to work for the all -time high, depending on the minimum minimum expectation.”
XRP/USD Maeil Daily Chart. source: XFORCEGLOBAL
As reported by Cointelegraph, XRP’s symmetry triangle pattern suggests possible rally for the new all -time high of $ 3.50 or more.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.