The price of XRP, Ripple’s native cryptocurrency, is currently hanging in the balance as it hovers around a crucial $2 support level. With open interest surpassing $3.61 billion in the last 24 hours, market participants are split between two dramatically different forecasts: a breakout toward $2.60 and beyond or a catastrophic 70% collapse down to $0.65.
Market Activity Surges, But Direction Uncertain
The growing open interest indicates a heightened level of trader engagement, suggesting rising speculation around XRP’s next major move. Technical analysts remain divided on which path XRP will take—bullish breakout or bearish breakdown.
Prominent crypto analyst Ali Martinez notes that if XRP holds above the $2 support zone, a 30% rally toward $2.60 is likely. Supporting this view, CasiTrades predicts a breakout at $2.24 could push prices up to $2.70, possibly leading XRP to challenge or surpass its all-time high.
Bullish Targets Stretch as High as $17.50
Some analysts envision an even more optimistic future for XRP. Rex, a popular voice in the community, believes a surge to $2.90 is within reach. Meanwhile, Egrag Crypto paints a much bolder scenario, projecting that XRP could reach $3.50, $5, or even $17.50, provided the token consistently closes above those major resistance thresholds.
But even Egrag issues a stern warning: if key levels fail to hold, a bearish breakdown with a 70% probability looms, potentially sending XRP plummeting to $0.65.
Wedge Pattern Signals Volatility Ahead
Fueling this uncertainty is the emergence of a wedge pattern, a technical setup known to precede either explosive rallies or steep crashes. Analysts note this formation could lead to a dramatic move in either direction, with some calling it the potential trigger for “the mother of all pumps—up to 700%,” or conversely, a devastating downward spiral.
24-Hour XRP Price Action: A Tale of Two Trends
XRP’s trading session over the past 24 hours has been a study in contrast. The token opened with bearish pressure, encountering multiple death crosses on the MACD during early trading hours, notably around 03:00 and 06:00 UTC. Meanwhile, the RSI showed oversold conditions, indicating that the token may have been undervalued at those levels.
Mid-session saw the emergence of golden crosses, particularly at 14:00 and 20:20 UTC, hinting at a possible reversal in trend. However, these upward signals were tempered by overbought RSI readings, which could suggest a pullback may be due.
As of now, XRP trades at approximately $2.0937, slightly above the key support at $2.0860. If the bullish momentum continues and more golden crosses appear, analysts believe XRP could test the $2.1780 resistance level again soon.
Future Outlook: Breakout or Breakdown?
The future of XRP remains a high-stakes guessing game. On one hand, strong fundamentals—such as rising adoption in international payments and increasing institutional interest—provide hope for long-term appreciation. On the other, the volatile technical indicators and mounting trader speculation point to the possibility of a sharp correction if key levels are breached.
Whether XRP catapults toward $2.60, $5, or even $17.50, or tumbles to $0.65, will depend heavily on how it performs around the current $2 zone. Traders are advised to watch resistance and support levels closely, as they may dictate the token’s next major move.
