Crypto analysts are eyeing big swings for XRP as geopolitical calm and chart setups fuel speculation that the token could revisit double-digit territory — with targets ranging from $7 to as high as $31.
What the analysts are saying
- Egrag Crypto: The analyst outlined three Fib 1.618 “battle zones” for XRP at $7, $10 and $31, calling them key resistance areas but also part of the “true support framework.” Egrag pointed to a Descending Broadening Wedge on the chart, with a strong base around $0.90 and price compressing near the wedge’s upper boundary — a pattern he says signals an imminent expansion rather than weakness.
- Probabilities and triggers: Egrag assigns a 55–60% chance of a bullish expansion. He says a decisive break above $3.30 (the “trigger”) could open rallies to $5, $8 and $13. There’s a 40–45% chance of a fake breakdown that would briefly sweep below $0.90 before reclaiming it and kicking off a parabolic move, and a smaller 10–15% chance of full structural failure if XRP cannot reclaim those levels. He calls the wedge “controlled chaos before expansion,” noting that the longer it coils, the stronger the eventual move could be.
- Key levels: $3.30 (trigger) and $0.90 (line in the sand).
- CasiTrades: Taking a more cautious view, CasiTrades warned XRP could still drop to around $0.87 on a final downside wave. She pointed out that price recently printed a clean 5-wave into resistance without making a new high, and that bearish divergence suggests exhaustion at that area.
- Possible downside path: an initial fall to about $1.13, a short relief bounce, then continuation toward $1.08 (macro .786 support) and potentially down to $0.87 (macro .854 support).
Market context
- The technical debate comes as broader market sentiment is influenced by a two-week U.S.-Iran ceasefire agreement, which traders have interpreted as a catalyst for risk-on moves. At the time of writing XRP is trading near $1.38, up more than 5% over the last 24 hours (CoinMarketCap).
Bottom line
Analysts are split between a favored bullish expansion from a compressed wedge and a meaningful downside scenario if support levels fail. Watch $3.30 and $0.90 closely: a clean break above the former could reopen multi-dollar targets, while losing the latter would increase the likelihood of deeper downside.
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