TLDR
- XRP currently trading at $2.09, down 3.16% in March after a 29.33% drop in February
- Analyst EGRAG Crypto predicts XRP could reach $27 within 63 days (by June 2025)
- Dark Defender suggests $2.222 as a key breakout level with $5-$8 target for April-May
- Current market sentiment is bearish with Fear and Greed Index at 24
- XRP follows similar pattern to 2017 bull run according to historical analysis
Current Market Position
XRP is facing challenging market conditions. The cryptocurrency is on track to record a second consecutive monthly loss for the first time since December 2022. Currently, XRP is down 3.16% in March 2025, following a 29.33% crash in February.
This bearish trend has pushed XRP below the $3 psychological mark. The asset is now trading around $2.09, with significant selling pressure dominating trading volumes.
The past 24 hours have been particularly difficult for XRP holders. A sharp 5.8% decline brought the asset close to testing critical support around $2.
Historical Patterns and Predictions
Market analyst EGRAG Crypto believes a recovery could be coming soon. The analyst has studied XRP’s behavior during the 2017 bull run and sees similarities to the current market situation.
#XRP – $27 In 60 Days!!!!!
Historical Patterns Indicate It Can Be Done in 60 Days! 📅🚀
What’s your take on the current market sentiment? 🤔
Are you feeling #Bearish or #Bullish? 📉📈
I’d love to hear your thoughts—drop your comments below! 💬👇 pic.twitter.com/kDSAo8rENt
— EGRAG CRYPTO (@egragcrypto) March 31, 2025
During 2017, XRP first peaked at $0.3988 in May before facing a correction. Despite this pullback, it maintained most gains from the initial rally.
The asset then hit a low of $0.1891 in early November 2017. After consolidating for six weeks (42 days), XRP experienced a breakout that led to a massive rally.
This rally lasted three more weeks (21 days) with XRP eventually reaching its peak of $3.8 in January 2018. In total, XRP spent nine weeks (63 days) from hitting the $0.1891 low to claiming the all-time high.
The $27 Price Target
EGRAG believes this timeline will repeat in the current cycle. With XRP having reached a floor of $2 this week, the analyst suggests it would take exactly 9 weeks or 63 days to reach a new cycle peak of $27.
This places the potential peak around June 2025. The $27 price represents XRP’s 1.618 Fibonacci extension, which EGRAG considers the ultimate target for this cycle.
For context, during the 2017 rally, XRP claimed the 1.618 Fibonacci extension at around $3.3. EGRAG has consistently maintained this $27 target since early 2024.
When EGRAG first made this prediction in February 2024, XRP was trading at just $0.54. This would have required a 4,900% increase to reach $27.
Now trading at $2.09, XRP would need to rise 1,191% to reach the $27 target. While still ambitious, this represents a massive improvement from the earlier prediction requirements.
Alternative Forecast and Technical Analysis
Another prominent analyst, Dark Defender, has a different but still bullish outlook. He highlights $2.222 as a significant resistance level for XRP.
Dark Defender suggests that a breakout above this level could trigger renewed bullish momentum. According to his analysis, XRP has reached its lowest Fibonacci level after the recent downturn.
Hi all!
I hope you are well! #XRP has touched our lowest Fibonacci level.
As stated, $2.222 is the key level and should be broken upwards.
We set $2.04 as our last Fibonacci level, and we can visit there again!
April-May will be hot, and our Targets of Wave 5 stand at… pic.twitter.com/j2JunirCkN
— Dark Defender (@DefendDark) March 30, 2025
While he acknowledges the possibility of further retracement toward $2.04, Dark Defender maintains a forecast of $5 to $8 for XRP. This target aligns with the expected completion of the fifth wave in the Elliott Wave count structure.
The analyst believes April and May could be months of explosive growth for XRP. This remains his view despite most traders currently adopting a bearish stance.
The crypto market Fear and Greed Index now sits at a fear level of 24. However, Dark Defender sees this bearish sentiment as potentially positive, suggesting it might set the stage for a surprise reversal.
With XRP currently testing key support levels, the coming weeks will be crucial in determining whether these bullish predictions have merit or if further consolidation is needed before any significant upward movement.
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