Can XRP Price Rally To $4 Or Crash To $1? Here’s The Key Levels To Watch

The XRP price has slumped more than 5% today, sparking speculations over the future of the asset among investors. Notably, the recent dip comes amid volatile trading in the broader crypto market, with most of the assets taking the hit. Despite that, market experts remained optimistic about the future trajectory of the token, given the recent positive developments in the market. Having said that, a top expert has recently highlighted key levels to watch, that could set the future path for Ripple’s native crypto.

Can XRP Price Rally Or Face Correction Ahead?

The XRP price was on the investors’ radar lately, with speculations soaring amid the recent volatility noted in the broader crypto market. Bitcoin and top altcoins have taken a massive hit during the holiday season, as investors appear to be staying on the sideline with many taking a profit-booking opportunity after the robust rally.

However, despite the volatile scenario in the market, the experts remained optimistic on the future trajectory for the crypto. For context, popular crypto market expert EGRAG crypto recently said that the crypto is likely to target the $4 mark ahead. However, despite that, the analyst noted that Ripple’s native crypto could also crash to $1 if it fails to maintain a key support level.

In a recent X post, the expert said that the key resistance levels for XRP stand at $2.60, $2.65, and $2.75. Once the crypto breaks this key resistance, it could rally to $3.775 next. On the other hand, if the crypto fails to hold above the $2 mark, it could trigger a bearish sentiment in the market, potentially dragging down the price to $1.22.

However, considering the optimistic outlook on the long-term trajectory of XRP price, it appears that the crypto is gearing up for a massive rally ahead. For context, the analyst recently hinted that XRP is poised to cross the brief $6 mark by March 2025, which has sparked market optimism.

What’s Next For Ripple’s Native Crypto?

XRP price today was down 5.12% and exchanged hands at $2.08, while its trading volume rocketed 98% to $4.79 billion. Notably, the crypto has maintained above the $2 mark over the last 24 hours, touching a high of $2.19 during this time frame. Besides, CoinGlass data showed that XRP Futures Open Interest soared over 3% despite the recent dip, indicating a bullish run ahead for the crypto.

Meanwhile, the recent speculations over a potential dismissal of the XRP lawsuit have further boosted market sentiment. For context, many are optimistic over pro-crypto regulatory developments as crypto-friendly Paul Atkins is gearing up to take the responsibility of the new US SEC chair next month.

This has also fueled speculations over a potential XRP ETF approval ahead, which could further push the asset’s price higher. Considering all these aspects, the future of Ripple’s native crypto looks promising. In other words, the XRP price is likely to continue its run towards the $4 mark ahead despite the recent pullback dampening the investors’ sentiment.

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam’s expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news.
Rupam’s career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.