XRP Holds Above $3 Mark, Analysts Predict Potential Rise to $14
XRP has gained bullish momentum after maintaining a price above $3 since mid-July, following a peak of $3.4 in January 2025. Analysts interpret this as a potential shift in market structure.
Key Points
- XRP broke a long-standing descending trendline on the weekly chart.
- The $3 level flipped from resistance to support, indicating a technical cue for analysts.
- Historical patterns show that similar breakouts often lead to significant rallies.
- Analyst Steph predicts a rise to $14, representing a potential gain of about 340% from the current price of $3.12.
- Previous price movements were seen after major events such as the SEC vs. Ripple ruling and the November 2024 US elections.
- Monitoring volume on any upward movement is crucial, alongside the maintenance of $3 as support.
- Long consolidation periods can signal sharp price movements if buying interest returns.
