XRP Price May Surge by 30% If Certain Trends Hold Steady

Crypto analyst ChartNerd believes that the price of XRP could rise by as much as 30% from its current value. This speculation arises despite the altcoin facing the threat of losing its year-to-date (YTD) gains due to the recent downturn in the cryptocurrency market.

Key Takeaways

Analyst ChartNerd suggests a potential 30% increase in XRP's price if key Fibonacci levels are maintained.
The price rally could see XRP rise to $2.70 if it holds the identified support levels.
Despite recent market downturns, XRP's crash may represent an entry opportunity, according to analysis.
Current trading price for XRP is around $1.96, amid a significant 24-hour decline.

XRP

Potential Path to $2.70 for XRP

In a recent post on X, ChartNerd suggested that an XRP rally to $2.70 is feasible in the near future, provided the altcoin can maintain its Fibonacci support levels and establish a higher low. He pointed out three key Fib support levels: the 0.5 level at $2, the 0.618 level at $1.99, and the 0.786 level at $1.89. ChartNerd specified that the $2.70 mark represents the base of a descending triangle from which XRP previously declined after the crypto crash of October 10 last year.

Additionally, ChartNerd mentioned that XRP is currently exhibiting a falling wedge breakout pattern, which often results in price increases back to the point from which the coin fell. Therefore, in this context, XRP could potentially reach the resistance of the descending triangle at $2.70. He also emphasized some positive fundamentals that could support this rally, such as Ripple’s association with South Korea's tokenized infrastructure and significant expansion plans for XRP.

However, it's important to note that XRP is also facing the risk of further decline amid the latest market crash, primarily driven by Bitcoin’s price drop. Bitcoin fell to approximately $92,000 within the last 24 hours, which caused XRP to drop below the crucial psychological price level of $2. This decline has coincided with recent tariffs imposed by Trump on several European countries related to the U.S. proposal to take over Greenland. The European Union is considering retaliatory tariffs, potentially leading to a full-blown trade conflict.

Could the Crash Be a “Blessing in Disguise”?

In another post on X, ChartNerd proposed that the recent crash in XRP prices might actually turn out to be a “blessing in disguise.” He referred to a liquidity pocket around $1.80 on the monthly heatmap, indicating that this latest pullback has allowed the altcoin to enter that specific sell-side liquidity area, a situation he described as a clarity response.

XRP
Source: Chart from ChartNerd on X

ChartNerd also expressed that the recent decline in XRP's price seems to be a minor issue, rather than a significant retracement. While altcoins are facing substantial losses, Bitcoin hasn’t compromised its key structural integrity, leading him to see only “opportunities” until the trendline is invalidated. Consequently, if BTC maintains this trendline, XRP could bounce back.

As of now, XRP is trading at approximately $1.96, reflecting a decline of over 4% in the past 24 hours, based on data from CoinMarketCap.

XRP
XRP trading at $1.97 on the 1D chart | Source: XRPUSDT on Tradingview.com