- XRP surges toward $3 amid bullish momentum, with analysts predicting a rally to $70 by 2027.
- Breaking $3.40 resistance could propel XRP toward $20-$66 in the coming months, experts say.
XRP is back in the spotlight after a major price surge, with analysts predicting a potential rally to $70 in the coming years. A top market expert, Dark Defender, has outlined a bullish forecast, citing technical patterns and key resistance levels.
The cryptocurrency recently approached $3, fueled by optimism over the newly announced U.S. Crypto Strategic Reserve, which includes XRP alongside Bitcoin and other major digital assets. Traders and market experts are closely watching whether XRP can sustain its momentum and break key resistance levels.
XRP Rallies Amid Crypto Market Recovery
XRP saw a significant rebound after dropping below $2 in February, alongside a broader market decline that sent Bitcoin under $80,000. However, renewed confidence swept the crypto space after U.S. President Donald Trump announced the creation of a Crypto Strategic Reserve. This initiative aims to integrate digital assets like XRP, Solana, and Cardano into the financial system, fueling a surge in investor optimism.
Following Trump’s announcement, XRP skyrocketed by 50%, reaching $2.69. Analysts highlighted strong support at $2.60 and $2.77, suggesting that the rally could continue if the price holds above these levels. Market sentiment has shifted bullish, with traders eyeing the key resistance at $3.40 as the next hurdle for further gains.
Analyst Forecasts XRP to Hit $70 by 2027
Dark Defender, a well-known crypto analyst, has projected that XRP could surge to $77.7 within the next few years. He pointed to the Elliott Wave analysis, which suggests that XRP’s price movements follow a pattern of five market waves. Based on past price surges, the next major rally could see XRP reaching $18 in the short-to-mid term before climbing toward the $70 range by 2027.
Additional analysts, including CasiTrades, echoed bullish sentiments. CasiTrades noted that if XRP maintains support at $2.92, it could push higher, with short-term targets at $3, $4.20, and $5. Meanwhile, Ripple whales accumulated 270 million coins over the weekend, indicating strong institutional demand. This large-scale buying pressure has further reinforced expectations of an extended rally.
Breaking $3.40: The Key to the Next Move
Despite recent gains, Ripple faces major resistance at $3.40, a level that has historically suppressed rallies. Analysts argue that breaking past this point could pave the way for a move toward $5 and beyond. The cryptocurrency is currently trading in a tight range, with support holding between $2 and $3. Market experts warn that if XRP fails to break resistance, it may enter a consolidation phase before another attempt to push higher.
As discussed by ETHNews earlier, Elliott Wave projections suggest that if Ripple successfully breaks past $3.40, the next leg of its rally could send it soaring between $20 and $66 in the coming months. The analysis indicates that XRP’s third wave, typically the strongest, could push the price up by 800% to 1000%. However, for this scenario to unfold, buyers must maintain momentum and sustain the current upward trend.
