XRP Price Eyes Major Move: Will It Rally Or Crash To $1.2?

XRP price recorded 3.7% increase today as the broader crypto market was in the green today.

XRP has maintained above the $2.20 level, indicating that the bulls are keeping the brief support.

Amid this, a popular crypto market expert has shared a crucial resistance for the Ripple coin, that the asset must breach to continue its rally ahead.

On the flip side, another market analyst has warned of a significant crash in the asset’s value if it loses a key support ahead.

XRP Price Slips But Holds the $2.2 Support

The global crypto market cap climbed around 1.18% to $3.36 trillion, and the overall trading volume increased by over 5% to $73.96 billion.

Notably, the ongoing volatility has spooked the market participants over a waning interest in the digital assets.

Notably, BTC price gained by 0.32% today to $108k, while the altcoins also recorded a slump. The top altcoin Ethereum price rose by over 2% to $2,551 during writing.

Amid this, XRP price also recorded a rise of over 2% and exchanged hands at $2.26.

Simultaneously, its one-day trading volume rose more than 91% to $2.28 billion, indicating a drastic rise in trading activity in the market.

Meanwhile, Ripple coin has hovered between a 24-hour high and low of $2.21 and $2.26. Notably, the token’s Futures Open Interest also fell more than 2.4%, indicating the cautious stance of the traders in the asset.

However, XRP’s Relative Strength Index or RSI stayed at 52, indicating the asset is currently at a neutral state.

In other words, the technical indicator suggests that the crypto is neither in a bullish nor a bearish state for now.

What Lies Ahead for Ripple Coin?

Amid the ongoing volatile scenario in the XRP price, top analysts have shared key insights on the future trajectory of the coin.

For context, in a recent X post, a renowned market expert, Ali Martinez, has highlighted a key resistance level for the crypto to continue its upward momentum ahead.

Additionally, Martinez said that the “key resistance level for XRP is $2.38.” Besides, he also noted that breaking the level could “trigger” a major move ahead for Ripple coin.

Besides, EGRAG CRYPTO has also shared a latest prediction, which has sparked discussions among market participants.

According to a recent technical chart shared on X, EGRAG has deemed the recent measured target for XRP price as “Bellissimo.”

It is a term expressing admiration in Italian for what he believes could be a “very beautiful” price trajectory ahead.

Notably, the chart he shared showed a classic symmetrical triangle formation. He has noted a consolidation pattern known to precede major breakouts.

Bullish Momentum Noted

In this case, XRP price has exited the triangle to the upside, signaling bullish momentum. The technical overlay projects a minimum price target near $120, representing a staggering 9,000% gain from the current levels around $2.23.

The Fibonacci retracement levels plotted on the right also support several key resistance levels, particularly around $3.52, $9.13, $15, and $30, which traders will likely monitor for signs of confirmation or exhaustion.

However, EGRAG also cautions of a potential macro retest. For context, he has warned of a pullback to $1.24 to validate the breakout level before further upward movement.

This aligns with traditional technical playbooks where pullbacks often follow initial breakouts, providing stronger bases for future rallies.

However, when a user mentioned that a pullback to $1.24 would be brutal, he cited that as a “lifetime opportunity.”

In other words, even if the XRP price crashes in the near term, the expert is likely to remain bullish on the asset’s long-term trajectory.