{"id":19746,"date":"2025-03-30T10:46:41","date_gmt":"2025-03-30T10:46:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19746"},"modified":"2025-03-30T10:46:41","modified_gmt":"2025-03-30T10:46:41","slug":"is-xrp-price-around-2-an-opportunity-or-the-bull-markets-end-analysts-weigh-in","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19746","title":{"rendered":"Is XRP price around $2 an opportunity or the bull market’s end? Analysts weigh in"},"content":{"rendered":"
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XRP (XRP<\/a>) has dropped nearly 40% to around $2.19, two months after hitting a multi-year high of $3.40. The cryptocurrency is tracking a broader market sell-off driven by President Donald Trump\u2019s trade war despite bullish news like the SEC dropping its case against Ripple<\/a>.<\/p>\n

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XRP\/USD daily price chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n<\/p>\n

However, XRP is still up 350% from its November 2024 low of $0.50, suggesting a consolidation phase after a strong rally. This sideways action has sparked discussions over whether it\u2019s the end of the bull run or a prime buying opportunity.<\/p>\n

No buying opportunity until XRP falls further <\/h2>\n

XRP has been consolidating between $1.77 (support) and $3.21 (resistance) since January, with repeated rejections near the top of the range and fading bullish momentum.<\/p>\n

According to analyst CrediBULL Crypto<\/a>, XRP\u2019s recent bounce attempt stalled below $2.20, reinforcing bearish control. He now expects the price to revisit the range lows around $1.77 for a potential long entry. <\/p>\n

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XRP\/USD four-hour price chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n

The rectangle-shaped green support area on the chart extends as low as $1.50, signaling a high-demand zone where bulls could step in.<\/p>\n

A short-term marketwide bounce\u2014led primarily by Bitcoin (BTC<\/a>)\u2014could trigger a temporary recovery, argues CrediBULL, emphasizing that only a clean breakout above $3.21 would confirm a bullish trend reversal. <\/p>\n

Until then, XRP remains in a sideways structure, with CrediBULL\u2019s strategy focused on watching for reactions at the $1.77 support level before committing to a long position.<\/p>\n

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Source: <\/em>X<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

XRP bull flag may lead to 450% price rally<\/h2>\n

CrediBULL highlighted XRP\u2019s sideways range between $1.77 and $3.21 as a consolidation zone, waiting for a clear breakout to confirm the next trend. Interestingly, that very range may be forming a bull flag, according to analyst Stellar Babe<\/a>. <\/p>\n

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XRP\/USD weekly price chart. Source: TradingView\/Stellar Babe<\/em><\/p>\n<\/figcaption><\/figure>\n

A bull flag forms when the price consolidates inside a parallel channel after undergoing a strong uptrend. It resolves when the price breaks above the upper trendline and rises by as much as the previous uptrend\u2019s height.<\/p>\n

Related: <\/strong><\/em>XRP price may drop another 40% as Trump tariffs spook risk traders<\/strong><\/em><\/a><\/p>\n

Stellar Babe\u2019s analysis notes that If XRP breaks above the flag\u2019s upper boundary range at $3.21. Its projected target, based on the height of the flagpole, is around $12, up around 450% from current prices.<\/p>\n

XRP\u2019s five-year channel hints at rally to $6.50<\/h2>\n

XRP is currently consolidating within a long-term bullish structure, according to a recent analysis by InvestingScoope<\/a>. <\/p>\n

The chart shows XRP trading inside a five-year ascending channel, with the current move resembling the March 2020 to April 2021 rally based on price behavior and momentum indicators.<\/p>\n

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XRP\/USD weekly price chart. Source: TradingView\/InvestingScoope<\/em><\/p>\n<\/figcaption><\/figure>\n

Despite the pullback, the broader bullish cycle stays intact as long as XRP holds above the 50-week moving average (1W MA50). <\/p>\n

InvestingScoope notes that this phase mirrors March 2021, which preceded a strong breakout. If the pattern continues, XRP price could be preparing for its next leg up with a potential target of $6.50 in the months ahead.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n