XRP Price Bulls Eye $3 Breakout—Can History Repeat in March?

XRP price is holding steady at $2.56 as the market heads into the Feb. 24 close.

After a 7.22% decline over the past week, the altcoin has seen a slight 0.84% recovery in the last 24 hours.

However, it remains uncertain whether this signals the start of a rebound or just a temporary pause before another move lower.

With March historically favoring XRP bulls, traders are watching closely to see if a breakout is on the horizon.

Data from CoinMarketCap shows XRP’s monthly losses now at a hefty 20.30%, a far cry from its November 2024 swagger.

Still, there’s a pulse of hope—and some big calls—keeping the faithful on edge.

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XRP Price Clinging to $2.47: Bulls’ Last Stand

More Crypto Online dropped a gem on X this weekend, pegging XRP in a “neutral consolidation range.”

No bulls, no bears—just a standoff. Its Feb. 22 post, steeped in Elliot Wave vibes, flags $2.47 as the do-or-die support.

Stay above it, and the bullish orange wave holds water, maybe even pushing past $2.75 toward $3.30.

Slip below, and it’s a bearish yellow slide—think $2.34, $2.22, or as low as $1.95.

Egrag Crypto’s got a bolder take. “The red resistance line (~$3.00) represents a critical level from previous all-time highs. A monthly close above this level could confirm a breakout toward the next Fibonacci extension targets—$4.3 to $6.4,” Egrag Crypto explained.

However, he also warns that failure to clear $3.00 could lead to a pullback, with support levels at $1.90–$2.00.

A drop below $1.90 could shift sentiment bearish, triggering a sharp decline toward $0.90–$1.00.

XRP’s Historical Data Suggests a March Rally—But There’s a Catch

According to CryptoRank, XRP price tends to perform well in March, April, and May, with average returns of +19.9%, +26.6%, and +27.4%, respectively.

The last time XRP saw negative returns in all three months was back in 2016—nearly a decade ago.

But before traders get too excited, there’s a downside. Median returns tell a different story: March shows a -1.65% drop, April barely scrapes a +0.79% gain, and May historically sees a -4.40% dip.

The market’s unpredictable nature means historical trends don’t guarantee future performance.

Crypto analyst Javon Marks remains optimistic, suggesting that XRP is “loading for another massive continuation wave up.”

His analysis indicates that signals for a major rally are already in place, reinforcing the bullish case.

Could the Ripple ETF Spark an XRP Explosion?

The U.S. Securities and Exchange Commission (SEC) recently dropped its lawsuit against Coinbase, fueling speculation that Ripple’s legal battle with the SEC could follow a similar path.

If so, XRP could gain the regulatory clarity needed to attract more institutional investment.

Meanwhile, Polymarket data shows growing confidence in an XRP Spot ETF approval by 2025, with the probability sitting at 79% and $43,187 in trading volume backing the sentiment.

If regulators give the green light, an XRP ETF could open the floodgates for billions in fresh liquidity, potentially supercharging XRP’s long-term market trajectory.

Meanwhile, Whale Alert lit up X on Feb. 22, flagging a 20,000,000 XRP ($51,849,820 USD) transfer from Gemini to an unknown wallet.

XRP price remains at a crossroads, with $2.47 as the key support and $2.75 as the breakout level.

If bulls push past $3.00, analysts see a path to $6.00, but failure could mean a drop to $2.00 or lower.

With March historically favoring XRP and ETF speculation heating up, traders are watching closely for the next big move.