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Analysts remained optimistic about XRP’s potential price surge, predicting that the crypto will pass the critical test and hit somewhere between $33 and $70 despite the setbacks that it is facing lately.
Market observers expressed their confidence in the capability of XRP to bounce back amid the decline in its trading volume wherein investors saw a 20% drop.
XRP Faces Setbacks
Reports said that the altcoin is currently facing some challenges to regain momentum for a bullish run as its price and trading volume went on a downward trend.
As of writing, XRP is being traded at $2.33, down by 0.1% in the past 24 hours, which is higher than the $2.29 recorded on March 16.
On the brighter side, XRP showed some resilience despite the current near-term pressures after posting a 9% increase in the past week.
Many analysts have mixed opinions on the price movement of XRP because of these figures. However, some market observers maintained a positive outlook on the long-term of the crypto despite its near-term struggles.
#XRP – Today’s Price Action Analysis
The Blue Channel is providing a clear indication of #XRP‘s next move.
I’ve noted that the equilibrium has been established and is resting on the lower edge of the Blue Channel, making a mini bounce quite apparent In the below previous post.… https://t.co/W3FaTyEkSA pic.twitter.com/SSNxBAY2A5
— EGRAG CRYPTO (@egragcrypto) March 15, 2025
Can XRP Hit $70?
One of the crypto analysts who remained confident on XRP is Egrag Crypto, who made a bold prediction on a possible surge. He said that XRP is operating on a cycle that might result in huge price levels in the future.
Egrag Crypto believes that XRP could potentially hit anywhere from $33 to $70 in the upcoming months, putting into consideration both its short-term volatility and long-term potential.
“I’ve been closely analyzing the strength of Wave 1 across various crypto charts, and after reviewing multiple projects, I’ve noticed a compelling pattern in #XRP that could signal a potential cycle top,” the analyst explained in a post.
The crypto analyst expressed confidence in the percentage formulas he used to determine XRP’s price direction, adding that he identified two main targets: Stick 2 and Stick 3, which pertain to $33 and $70.
#XRP – 3rd Stick Post ($33 – $70) 🌊
I’ve been closely analyzing the strength of Wave 1 across various crypto charts, and after reviewing multiple projects, I’ve noticed a compelling pattern in #XRP that could signal a potential cycle top. By applying percentage formulas, I am… pic.twitter.com/EXok7CBTW1
— EGRAG CRYPTO (@egragcrypto) March 16, 2025
“Loving the Wave 1 deep dive—XRP got that fire, right? Your cycle analysis is spot on—668% vibes from $0.50 to $3.84, then stacking it again feels spot on, doesn’t it? And those percentage formulas—$33 to $70—Stick 2 and Stick 3, spot on targets—50% and 80% discounts make total sense,” @terryki04112392 commented on Egrag’s post.
Resistance Levels
The crypto expert explained that XRP is currently sitting in a price channel that will influence where it will be heading, adding that the crypto’s price is near $2.83, a critical level that could project strength.
The analyst said that once XRP hits that level, this might propel the cryptocurrency to move towards $4.20 in the near term but if the coin fails to have a firm grip above the current levels, it might test support levels below.
According to the analyst, $2.40, which was the previous day’s high, and $2.97, which was the week’s high, are two key levels to keep an eye on.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
