Can XRP Price Make a Comeback? Key Levels to Watch

XRP price has recovered some of its recent losses and soared past the major support at $2.9 today.

Notably, the surge could be attributed to the broader crypto market rally alongside other positive developments in the market.

In addition, the recent US government shutdown might have also forced investors to lean towards risk assets like digital assets and gold.

Notably, the Ripple coin has gone through a topsy-turvy road over the past few days, which has spooked many investors.

While market pundits remain optimistic on the long-term trajectory of the coin, some have stayed on the sidelines.

In addition, the whale selloff also indicated a subsiding risk-bet appetite of market participants. However, the recent recovery has lifted the market sentiment towards XRP price.

While the market participants are looking for cues for the potential future movement of the Ripple coin, analysts have highlighted key price levels to watch ahead.

XRP Price Soars Amid Broader Market Recovery, What’s Next?

XRP price has surged more than 3% today and exchanged hands at $2.94 during writing.

Simultaneously, its trading volume also jumped around 29% to $6.5 billion, indicating a robust trading activity in the market.

Notably, the crypto has fallen to a 24-hour low of $2.82 in the last 24 hours, while touching a daily high of $2.95.

The Ripple coin price has added nearly 2.3% over the past seven days, while adding nearly 7% in the monthly chart.

However, despite the current surge, investors are looking to see whether the crypto could manage to breach the $3 mark.

Notably, the derivatives data also suggest a positive picture, as CoinGlass showed that XRP Futures Open Interest climbed to $7.48 billion.

Meanwhile, amid this, experts have highlighted key XRP price levels to watch ahead, which may determine the next phase of the asset.

So, here we explore the key support and resistance levels that the Ripple coin must breach to continue its rally ahead.

XRP Price: Key Levels to Track

As XRP price noted a strong recovery today, a flurry of experts have shared their analysis on crypto twitter.

For context, in a recent X post, analyst Dark Defender has shared a chart and said that the crypto has already completed the “4th Wave.”

In addition, he noted that Ripple coin is currently in the “5th Wave” and the “wave can still go into double digits.”

This has fueled optimism that the XRP price can breach the $10 mark in the near future.

Although the double-digit number seems too ambitious for now, Dark Defender has also shared targets for the short-term. According to his analysis, the short-term targets are at $3.33 and at $3.66.

In addition, the key support levels lie at $2.70 and $2.64. In other words, XRP price must hold the $2.64 level to avoid a further decline.

What if Ripple Coin Goes to South?

Despite the recent recovery, not everyone in the space is sharing bullish predictions. For context, in a recent X post, analyst Steph is Crypto said that “XRP heatmap shows a massive cluster around $2.25.”

In addition, the analyst hints at a likely crash for XRP price to the level before a rebound. This has fueled concerns, especially as the macroeconomic concerns continue to weigh on the broader market sentiment.

However, comparing the historical cycles, analyst CRYPTOWZRD said that XRP is repeating its 2017 “Bull run” cycle.

According to the market pundit, Ripple coin must break through the $3.65 mark to continue its upward run.

Once this level is breached, XRP price is poised to hit $4.50, the analyst noted. In addition, these bullish predictions also come in tandem with the current market optimism over a crypto “Uptober.”