XRP Price Poised for 50% Surge to $3 if Key Support Holds

XRP price has the potential to rise by 50% to reach $3 if a key support level holds, according to analysts. The cryptocurrency has experienced a 35% decline over the past 30 days, largely due to the ongoing US-China trade tensions. Despite this, XRP price remains above $2.00, with several analysts emphasizing the importance of reclaiming $2.20 for a sustainable recovery.

Egrag Crypto, a crypto market analyst, highlights that XRP is currently trading above a crucial support zone in the daily timeframe. The price has dipped into the support level just below $2 four to five times since December 2024, with bulls stepping in each time to defend it. This is a bullish signal, indicating that buy orders are stacked in this critical region. The analyst argues that when an asset retests a support level multiple times, it increases the chances of an eventual breakout. The key levels to watch on the upside are $2.20, $2.60, $2.80, and finally, $3.10. A break and hold above $3.4 would signal a major shift.

However, investors should be aware of a potential breakdown if $2.20 doesn’t hold. The 21-day exponential moving average (EMA) has produced a bearish cross with the 100 SMA, which could introduce downward pressure on XRP. Similar sentiments were shared by pseudonymous analyst Dark Defender, who believes that key support for XRP lies between $1.88 and $1.91. The analyst expects XRP price to rebound from here before making a run for $3.00 in the short term, with the aim of reaching between $5 and $8 in the long term.

Data from Cointelegraph Markets Pro and TradingView shows that XRP’s price drawdown over the last month pushed the relative strength index (RSI) below 30 on both shorter- and longer-timeframe charts, indicating oversold conditions. The RSI heatmap from CoinGlass shows XRP’s RSI at 29, 28.7, and 29.8 on the 4-hour, 12-hour, and daily timeframes, respectively. An oversold RSI suggests that the asset is undervalued and the sellers have become