XRP Price Prediction: XRP Holds Above $2.94 Support—Analyst Warns It Could Hit, Miss, or Overshoot Key Targets

XRP has entered a critical phase as traders monitor whether its defense of the $2.94 support level can spark a stronger rebound.

Recent analysis highlights a wide range of possibilities for the XRP price, with projections pointing toward $18, $27, or even as high as $200, depending on how it interacts with long-term regression levels.

XRP Defends $2.94 Support Zone

In the latest XRP news today, the coin continues to hold steady above a demand zone at $2.94. Market observers note that liquidity pools above this level could fuel an upward move if buyers maintain momentum. However, analysts caution that liquidity also rests below, raising the possibility of another sweep lower before any meaningful rally begins.

XRP was trading at around $2.99, down 0.28% in the last 24 hours at press time. Source: XRP price via Brave New Coin

Technically, the market often moves in ways that disrupt both bullish and bearish expectations, keeping traders on edge. This uncertainty leaves open the possibility of either an immediate breakout or another retest of lower levels before a reversal.

Regression Line Suggests Bold XRP Predictions

A detailed XRP price prediction from analyst EGRAG focuses on linear regression analysis applied to XRP’s long-term performance. Using a logarithmic scale, he outlined three potential paths:

• Hit scenario: XRP rallies toward $27 if it tags the upper regression line.
• Miss scenario: A repeat of 2021’s shortfall could limit upside to around $18.
• Overshoot scenario: If history repeats the 2017 breakout, a dramatic overshoot could catapult XRP as high as $200.

XRP’s monthly chart analysis suggests potential targets of $18, $27, or even $200, depending on whether it hits, misses, or overshoots the regression line. Source: EGRAG CRYPTO via X

EGRAG’s model currently shows an R-squared value of 0.84754, meaning it explains about 84.75% of XRP’s past movements—a strong statistical fit between price history and projections. According to him, the test of these levels could play out as soon as September.

Historical Lessons From XRP’s Past Cycles

The XRP Ledger has a history of dramatic moves near the regression line. Back in December 2013, XRP climbed to $0.0614 during its early bull run. In the 2017/2018 cycle, it repeatedly touched the upper channel before overshooting by 570% to hit $3.31 in January 2018.

By contrast, the 2020/2021 cycle fell short, topping out at $1.96—about 45% below the regression line. At the time, the Ripple vs SEC lawsuit weighed heavily on sentiment, with several exchanges in the U.S. and Canada delisting the token. That legal battle, which continues to this day, remains a key factor in many XRP price predictions 2025 and beyond.

Will XRP Go Up From Here?

At present, XRP is trading around the $2.98 mark, comfortably above its 50-period exponential moving average (EMA) at $2.95. Historically, maintaining this position has been a signal of strength during major bull markets. Still, analysts warn that both bullish and bearish traps remain possible in the short term.

Historically, XRP has staged two significant rallies after dipping into the $2.8 weekly fair value gap. Source: Miroj on TradingView

For traders, the $2.94 support level is the line in the sand. If XRP continues to defend this zone, liquidity above could accelerate a push higher. If not, another stop-hunt below may come before the next major rally begins.

Long-Term Outlook for XRP Price

The wide range of forecasts—from $18 to $200—shows how unpredictable the road ahead remains. Long-term XRP price predictions 2030 often depend on the outcome of the SEC’s decision on spot XRP ETF approval and broader adoption of Ripple’s payment solutions.

For now, XRP continues to hold a key level at $2.94, keeping traders alert for the next decisive move. Whether it hits, misses, or overshoots its targets, the coming weeks could prove pivotal in shaping the future trajectory of the XRP coin price.