Analyst Optimism for XRP Surge

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 recent setbacks.

XRP Faces Setbacks

Reports indicate that the altcoin is currently encountering challenges to regain momentum for a bullish run, as its price and trading volume have trended downward.

As of writing, XRP is trading at $2.33, down by 0.1% in the past 24 hours, though it is slightly higher than the $2.29 recorded on March 16.

On a positive note, XRP displayed some resilience despite near-term pressures, seeing a 9% increase over the past week.

Many analysts have varying opinions regarding the price movements of XRP due to these figures. However, some market observers maintain an optimistic long-term outlook despite current 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.
— EGRAG CRYPTO (@egragcrypto) March 15, 2025

Can XRP Hit $70?

One of the crypto analysts maintaining confidence in XRP is Egrag Crypto, who made a bold prediction about a potential surge. He believes XRP might reach anywhere from $33 to $70 in the upcoming months, considering both 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.

Egrag expressed confidence in the percentage formulas he used to predict XRP’s price direction, identifying two main targets: Stick 2 and Stick 3, which refer 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 I noticed a compelling pattern in #XRP that could signal a potential cycle top.
— 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,” tweeted @terryki04112392.

Resistance Levels

The crypto expert noted that XRP is currently in a price channel that will affect future movements, with the price near $2.83 as a significant level to consider. He stated that if XRP surpasses this level, it could rise toward $4.20 in the near term. However, failing to maintain levels might push it towards lower support levels.

Key levels to monitor include $2.40, the previous day’s high, and $2.97, this week’s high.

Featured image from Gemini Imagen, chart from TradingView