Another analyst predicts a potential crash for the crypto $1.24, sparking discussions among traders.
XRP price recorded 3.7% increase today as the broader crypto market was in the green today.
XRP has maintained above the $2.20 level, indicating that the bulls are keeping the brief support.
Amid this, a popular crypto market expert has shared a crucial resistance for the Ripple coin, that the asset must breach to continue its rally ahead.
On the flip side, another market analyst has warned of a significant crash in the asset’s value if it loses a key support ahead.
The global crypto market cap climbed around 1.18% to $3.36 trillion, and the overall trading volume increased by over 5% to $73.96 billion.
Notably, the ongoing volatility has spooked the market participants over a waning interest in the digital assets.
Notably, BTC price gained by 0.32% today to $108k, while the altcoins also recorded a slump. The top altcoin Ethereum price rose by over 2% to $2,551 during writing.
Amid this, XRP price also recorded a rise of over 2% and exchanged hands at $2.26.
Simultaneously, its one-day trading volume rose more than 91% to $2.28 billion, indicating a drastic rise in trading activity in the market.
Meanwhile, Ripple coin has hovered between a 24-hour high and low of $2.21 and $2.26. Notably, the token’s Futures Open Interest also fell more than 2.4%, indicating the cautious stance of the traders in the asset.
However, XRP’s Relative Strength Index or RSI stayed at 52, indicating the asset is currently at a neutral state.
In other words, the technical indicator suggests that the crypto is neither in a bullish nor a bearish state for now.
Amid the ongoing volatile scenario in the XRP price, top analysts have shared key insights on the future trajectory of the coin.
For context, in a recent X post, a renowned market expert, Ali Martinez, has highlighted a key resistance level for the crypto to continue its upward momentum ahead.
Additionally, Martinez said that the “key resistance level for XRP is $2.38.” Besides, he also noted that breaking the level could “trigger” a major move ahead for Ripple coin.
Besides, EGRAG CRYPTO has also shared a latest prediction, which has sparked discussions among market participants.
According to a recent technical chart shared on X, EGRAG has deemed the recent measured target for XRP price as “Bellissimo.”
It is a term expressing admiration in Italian for what he believes could be a “very beautiful” price trajectory ahead.
Notably, the chart he shared showed a classic symmetrical triangle formation. He has noted a consolidation pattern known to precede major breakouts.
In this case, XRP price has exited the triangle to the upside, signaling bullish momentum. The technical overlay projects a minimum price target near $120, representing a staggering 9,000% gain from the current levels around $2.23.
The Fibonacci retracement levels plotted on the right also support several key resistance levels, particularly around $3.52, $9.13, $15, and $30, which traders will likely monitor for signs of confirmation or exhaustion.
However, EGRAG also cautions of a potential macro retest. For context, he has warned of a pullback to $1.24 to validate the breakout level before further upward movement.
This aligns with traditional technical playbooks where pullbacks often follow initial breakouts, providing stronger bases for future rallies.
However, when a user mentioned that a pullback to $1.24 would be brutal, he cited that as a “lifetime opportunity.”
In other words, even if the XRP price crashes in the near term, the expert is likely to remain bullish on the asset’s long-term trajectory.
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