XRP Poised for 14% Surge as Analysts Predict Major Price Move

XRP Set for a Major Price Move, Analysts Predict

After days of trading sideways, technical indicators suggest that XRP might be gearing up for a decisive price move, despite the general cryptocurrency market trending downward. On the weekly chart, XRP has oscillated between $2.40 and $2.90, forming a symmetrical triangle pattern. This setup often precedes a notable breakout, according to prominent cryptocurrency analyst Ali Martinez.

Martinez's analysis indicates that XRP has the potential to rally by 14%. However, it is worth noting that symmetrical triangles suggest a breakout could go either way, meaning XRP can surge higher or face a temporary dip before finding support. In this context, the Ripple native token faces key resistance around $2.90, which could spark a bullish run. Support at $2.50 may provide a cushion for further consolidation.

Similarly, uncertainty regarding XRP’s next move was shared by cryptocurrency trading expert Michaël Poppe. In an X post, Poppe acknowledged that after XRP skyrocketed 500% in just four weeks, reaching $3.30, the digital currency might be showing signs of exhaustion and a possible cooldown. Based on recent price movement and technical setup, Poppe suggested $1.50 to $2.25 as the next key accumulation zone, where long-term investors may find the best opportunities to buy the dip.

To recap, XRP experienced massive price growth following Donald Trump’s election, as optimism grew regarding a potentially favorable regulatory environment. Despite the suppressed price movement, whale investors have shown confidence in XRP through continued accumulation. On-chain data from cryptocurrency analysis platform Santiment highlighted this trend, with large investors accumulating 150 million XRP in 48 hours.

In this context, Finbold’s artificial intelligence (AI) tool projects that XRP will likely see some upside in the short term. According to the tool, which leverages several AI models, XRP will likely gain about 7%, trading at an average price of $2.76 on March 1. Among the models, Claude 3 Opus has the highest forecast at $2.79, while ChatGPT-4o, ChatGPT-4o Mini, and DeepSeek Chat have set a target of $2