- Analysts stress XRP’s macro cycle remains bullish if monthly closes stay above $2.00.
- Price targets set at $3.33, $4.36, and $5.85, with a long-term view toward $10.47.
- Key supports at $3.00, $2.85, and $2.64 could sustain momentum before major rallies.
The recent price dip in XRP has prompted several well-known analysts to remind investors to maintain a broader perspective. As XRP trades near $3.11, recording a 3.36% decline in the past 24 hours and over 6% in the past week, the market sentiment has shifted.
Macro Views and Key Thresholds
EGRAG CRYPTO has emphasized that as long as XRP’s monthly candle stays above the $2.00 mark, the macro bullish cycle remains intact. The analyst points to historical patterns where the final stage of each cycle formed a bull flag, signaling strong upward momentum ahead. EGRAG urged the community not to react to every minor price change, instead focusing on structural trends that could position investors advantageously in the long run.
Dark Defender echoed a similar sentiment, noting that XRP is close to completing an ABC corrective phase. Following this, the analyst anticipates a move toward $10.47, with interim targets at $3.33, $4.36, and $5.85.
Related: XRP Rally Is in Its “Final Stage,” Warns Veteran Trader with an $8-$13 Target
Support zones can be observed at $3.00, $2.85, and $2.64. This multi-level approach reflects that while corrections are natural, they often precede substantial rallies in a strong market structure.
Short-Term Structure and Support Zones
From a near-term standpoint, analyst Xoom observed that XRP recently pulled back toward the lower range, settling around $3.08. The price remains above the $3.00 horizontal support, with major structural backing at $2.75.
This area is considered crucial for sustaining the current bullish structure. A breakout from the descending channel could potentially drive prices toward $3.80–$3.90. Conversely, a drop below $3.00 might see XRP test $2.90 before rebounding.
Related: Whales Fuel XRP Rally — Key Breakout Could Push Price Toward $4.44
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