XRP Price Dips Below $3; Analyst Predicts Rally to $5 by 2025
XRP is currently trading below $3 after experiencing pullbacks alongside the broader crypto market. Here are the key points:
- XRP dipped below $2.90, reaching the $2.80 zone.
- Technical analysis indicates a potential accumulation zone around $2.7, which is seen as a strong support level.
- Analyst Nehal suggests buy orders should be placed between $2.76 and $2.8 for optimal entry ahead of a possible rally.
- The first resistance level to watch is $3.04, followed by targets at $3.23, $3.42, and $3.61.
- A breakout above $3.61 could enable XRP to reach at least $5 by the end of 2025.
As of now, XRP trades at $2.86, nearing the suggested buy/rebound level. A rebound may occur within the range of $2.76 to $2.8.
