XRP Price Prediction: Will Ripple Token Break Above $5 or Fail and Drop to $0.65

XRP price has seen a strong surge in open interest, indicating increased trader activity and confidence. Despite the market’s sluggish momentum, few analysts’ dared to make bullish XRP price predictions.

Recent data from CoinGlass showed that XRP’s open interest climbed to $3.61 billion in 24 hours. This reflects a growing focus on Ripple, especially after analysts shared mixed forecasts. Analysts now point to key levels that could determine whether XRP price breaks above $5 or falls back toward $0.65.

XRP Open Interest Signals Trader Optimism

Open interest refers to the total number of outstanding derivative contracts like futures or options. It helps gauge investor sentiment. CoinGlass data showed XRP open interest reached $3.61 billion, which was a sharp daily increase. This level of activity suggests that more traders are betting on Ripple’s next move.

The rise in open interest has come during a volatile market period. Bitcoin and Ethereum also experienced sharp swings in value. As XRP price hovered above the $2 mark, investors appeared to enter positions hoping for a breakout. This surge in activity shows that investors are focusing on key resistance and support levels.

XRP Price Prediction: Analyst Says Price Could Climb to $2.60

Ali Martinez, a crypto analyst, highlighted $2 as a key support level for XRP price. He stated that if XRP price holds above this level, it could rise to $2.60. This move would reflect a 30% gain from the current price range.

According to Martinez, the breakout would depend on maintaining upward pressure near $2.24. If Ripple token breaks past this resistance, traders could expect gains toward $2.60 or even $2.70. This price zone remains critical for a trend reversal and higher targets.

In addition, his outlook finds empirical support in historical price action and technical analysis. Meanwhile, in the past,XRP price had identical swings after holding comparable levels. According to Martinez, there is a possibility to see an upward move if this level is defended.

Broadening Wedge Pattern

Another analyst, Egrag Crypto, shared a long-term chart pattern called the ascending broadening wedge.

According to his analysis, XRP price is moving inside this pattern, with wide possible outcomes. The bullish scenario suggests a breakout that could push Ripple’s price to $17.

However, the bearish case within the same pattern shows a drop to $0.65 if XRP price breaks support levels. Egrag mentioned that the token must close above $3.50 to strengthen the upward breakout case. He also added that $5 is a key psychological barrier for Ripple.

However, if XRP price touches $5 and closes below the same level, the bearish pattern may be activated. In that case, traders may see the lower levels and the possibility of a reversal of the trend. Thus, his chart pattern is both bullish and bears for Ripple.

XRP Price Resistance and Retest Levels Still in Play

CasiTrades, another analyst, suggested that XRP price must break the $2.24 level for further upside. If that is achieved, the next level of resistance is around $2.70. This level would affirm direction and probably attract more traders into taking long positions.

Egrag also added that XRP price must retest $1.90 if rejected from $5. This level serves as an important retest zone for the token. Once Ripple completes this retest and returns above $5, the token may reach higher levels.

He emphasized that a convincing close above $6 could fuel a rally. That move would increase the chances of reaching double-digit prices. Still, XRP price needs to confirm strength before any rally can continue.