The post XRP Price Prediction: Will Strong Support at $2.90 Trigger a Bullish Move to $5? appeared first on Coinpedia Fintech News
XRP Price today dropped below $3 as Bitcoin Price fell sharply below $110K over the weekend. While other top crypto altcoins fell nearly 5% to 8%, XRP managed to control its drop.
This strength has caught the eye of veteran crypto trader CasiTrades, who now predicts the XRP price to surge towards $5 soon.
Here’s why!
XRP Price Stands Strong
According to CasiTrades, the XRP Price is showing strong signs of a potential rally. The chart shows the altcoin trading within a compressed range, often seen before a strong upward or downward swing.
The XRP price has dropped to a low of $2.83, now trading well above the $2.90 resistance level, a critical level that lines up with the golden retracement zone (0.618 Fib). Dropping below this key level will ignite the bearish trend and invalidate the analysis.
Therefore, CasiTrades noted that as long as XRP holds these key support levels, the chances of a bullish breakout grow stronger.
Will XRP Price See Recovery?
Meanwhile, the first confirmation level sits at $3.12, which has acted as resistance in recent sessions. A clean break above that price could open the doors to higher Fibonacci targets in the $4.40–$5.50 range, aligning with what traders expect to be a strong bullish impulse.
On the flip side, if Bitcoin drops to its July month low or below $108K, XRP might follow the drop, which will push its price to test around $2.75 or further to $2.6.
Whales Moving XRP to Exchanges
Adding to this analysis, another well-known crypto analyst from CryptoQuant, PelinayPA, highlighted a different angle using exchange inflow data. According to her chart, large waves of XRP moving onto exchanges have often signaled profit-taking phases.
At the start of 2025, when XRP spiked to $3.5–$4, similar inflow waves appeared — especially from whales holding 100K–1M+ XRP. This indicates that big investors may already be cashing out, which raises the risk of a correction.
PelinayPA outlined three possible scenarios:
- Short-Term Risk: Heavy inflows could drag XRP down toward the $2.8–$3 support zone.
- Mid-Term Setup: If $3 holds strong, it could serve as a launchpad for another bullish rally, with key resistance at $4.2–$4.5.
- Long-Term Outlook: Unlike past cycles, XRP is now in a stronger structural uptrend. If momentum continues, levels above $5 in 2025 are still within reach.
This perspective shows that while XRP’s long-term picture remains bullish, traders should stay alert to short-term selling pressure triggered by whales.
As of now, XRP price is trading around $2.89, reflecting a drop of 4.77% seen in the last 24 hours, with a market cap hitting $172 billion.
Source: https://coinpedia.org/price-analysis/xrp-holds-strong-as-traders-eye-5-breakout-amid-bitcoins-crash/