TLDR
- XRP price declined from $2.38 to current levels around $2.30, trading below key moving averages
- Technical analysis shows XRP struggling at $2.36 resistance with potential for further decline below $2.28
- Analyst EGRAG predicts XRP market cap could reach $1.5 trillion based on W-pattern formation on 2-month charts
- Current XRP market cap stands at $135.3 billion with price targets ranging from $4.60 to $25.56
- XRP faces immediate support at $2.28 and $2.26 levels with resistance at $2.34 and $2.37
XRP price has entered a fresh decline phase, falling from the $2.38 zone to current levels around $2.30. The cryptocurrency now trades below the $2.335 level and the 100-hourly Simple Moving Average.
The recent price action shows XRP breaking above a connecting bearish trend line with resistance at $2.305. However, bears remain active near the $2.36 level, preventing further upward movement.
XRP found support at $2.267 and started a recovery wave following Bitcoin and Ethereum. The price moved above $2.32 and $2.35 resistance levels during this bounce.
The recovery included a move above the 23.6% Fibonacci retracement level of the downward wave from $2.477 high to $2.267 low. Despite this technical progress, the price faces ongoing resistance.
Current Technical Outlook
On the upside, XRP might face resistance near the $2.34 level. The first major resistance sits at $2.36, followed by $2.372.
The $2.372 level aligns with the 50% Fibonacci retracement level of the recent downward wave. A clear move above $2.37 resistance could send the price toward $2.40.
Further gains might push XRP toward $2.42 resistance or even $2.45 in the near term. The next major hurdle for bulls appears at $2.50.
If XRP fails to clear the $2.36 resistance zone, another decline could begin. Initial support on the downside sits near $2.28.
The next major support level appears at $2.26. A downside break and close below $2.26 might continue the decline toward $2.232 support.
The hourly MACD for XRP/USD is gaining pace in the bearish zone. The hourly RSI now trades below the 50 level, indicating bearish momentum.
Long-Term Bullish Projections
Crypto analyst EGRAG presents a contrasting long-term view for XRP. He believes the XRP market cap is positioned for a major breakout that could push its market cap to $1.5 trillion.
#XRP – Market Cap and The Math Behind It 🔢💸:
🟣As you know, I’m not a big fan of using Market Cap (MC) as a primary indicator in crypto — it often provides false indication and misleads beginners into thinking it’s the actual liquidity or value of a coin. 🚫📊
🟣That said, I… pic.twitter.com/Mbk56kj9O0
— EGRAG CRYPTO (@egragcrypto) May 27, 2025
EGRAG identified a W formation for the XRP market cap chart on the 2-month timeframe in November 2023. This double-bottom pattern often indicates a shift from bearish to bullish momentum.
The first half of the pattern formed when XRP’s market cap dropped from $128 billion in January 2018 to $5 billion in March 2020. It then bounced to $89 billion in April 2021.
The second leg materialized when the market cap dipped from $89 billion to $13.88 billion by June 2022. It then rallied to $195 billion in January 2025, completing the W pattern.
EGRAG outlined two main projections for the market cap. The non-logarithmic target sits around $270 billion, aligning with the Fibonacci 1.618 level.
On the logarithmic scale, the target reaches $1.5 trillion, nearly $500 billion beyond the 1.618 Fibonacci mark. Historical data shows XRP’s market cap climbed 242% from Fib 1.0 to Fib 1.618 in past cycles.
Using this growth pattern, EGRAG projects a move from $195 billion to $450 billion and potentially beyond. A 600% increase based on higher cycle extrapolation could push the cap to $978 billion.
Based on XRP’s current circulating supply of 58.68 billion tokens, corresponding price targets emerge. At $270 billion market cap, XRP would trade around $4.60.
A $450 billion market cap would push the price to $7.66. At $978 billion, the price could reach $16.65.
If XRP reaches the full $1.5 trillion market cap projection, its price could hit $25.56. Currently, XRP trades at $2.30 with a market cap of $135.3 billion.
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