Ripple’s XRP has seen a strong recovery after a sharp pullback, with market experts pointing to key resistance and support levels that could determine its next major move.
Despite recent price volatility, analysts remain optimistic about XRP’s potential to reach $5 in the short term and $18 in the long run.
Technical indicators suggest XRP is in the midst of a broader bullish cycle, supported by Elliott Wave Theory analysis. While short-term resistance remains a challenge, a successful breakout could pave the way for higher targets. Analysts are closely watching price movements to confirm whether XRP can sustain its uptrend.
Trump’s Truth.Fi: Will XRP Be in the ‘Made in America’ ETF?
Donald Trump’s media empire is making a decisive move into the financial sector, linking the key themes of the MAGA movement—Bitcoin adoption, U.S. energy independence, and domestic manufacturing—to a lineup of exchange-traded funds (ETFs) and separately managed accounts (SMAs).
Trump Media and Technology Group (TMTG), the parent company of Truth Social, has filed trademarks for a new financial venture under the “Truth.Fi” brand. The initiative includes three investment vehicles:
Truth.Fi Made in America ETF & SMA
Truth.Fi U.S. Energy Independence ETF & SMA
Truth.Fi Bitcoin Plus ETF & SMA
According to a Feb. 6 announcement, TMTG aims to offer an alternative to what it calls “woke funds” and financial institutions that engage in “debanking.” Devin Nunes, chairman of TMTG and former Republican congressman, positioned the venture as a counterstrike against ESG-focused investing, with an emphasis on pro-America financial products.
One of the most intriguing components of this venture is the Made in America ETF, which could serve as a key investment vehicle for U.S.-based crypto firms. Early speculation suggests the fund may hold Ripple’s XRP, Solana, Dogecoin, and USDC, creating a domestic digital asset reserve within an ETF structure.
“We’re investing in American energy, manufacturing, and industries that offer a strong alternative to the ESG-dominated landscape of Wall Street,” Nunes stated. “That also includes exploring strategies related to Bitcoin.”
With Trump’s affinity for Bitcoin and his growing alignment with the crypto community, Truth.Fi could emerge as a powerful ideological alternative in the investment world—potentially positioning Dogecoin, XRP, and other American-linked digital assets as central components of its strategy.
Trump’s Truth.Fi ETFs Source: X
Key Resistance and Support Levels
XRP is currently trading around $2.45, reflecting a 2.54% decline from its previous high. Market observers highlight $2.70 as the critical level for a sustained bullish reversal. If the price manages to reclaim this threshold, it could trigger further gains and reinforce positive sentiment among traders.
Ripple’s XRP price chart exhibits a bullish outlook. Source: Dark Defender via X
Conversely, the $2.50 support level is seen as a crucial floor for XRP’s price stability. A breakdown below this point could increase selling pressure, potentially pushing the asset toward the $2.00 to $1.60 demand zone. However, a strong bid liquidity wall beneath $2.50 suggests that buyers are actively defending this level, increasing the likelihood of a rebound.
Elliott Wave Theory Indicates a Surge to $18
Crypto analyst Dark Defender plotted the probable XRP movement using the Elliott Wave Theory: XRP, if projections by the analyst were anything to go by, was already in its fourth wave in the intermediate cycle and could then have its fifth wave push up to $5.85.
XRP completed its 4th wave on the intermediate cycle and is now targeting $5.85 with the 5th wave. Source: Dark Defender via X
On a larger scale, the main Elliott Wave count points to a target of $18.22. According to the theory, after the completion of the current correction, XRP would enter a powerful upward trend, as per historical price patterns. The projection has been in place since mid-2023, with XRP trading around its current price of $0.40-$0.50, which is steady and consistent within the projection.
Watch: XRP Price Analysis
Market Sentiment and Investor Activity
Despite short-term bearish trends, market sentiment for XRP continues to be very bullish. Analysts observe that the capacity of XRP to re-take and hold above $2.70 will be a major confirmation of bullish momentum. Exchange inflows have also risen in the meantime, with more than $15 million worth of XRP moving onto centralized exchanges, reflecting a pickup in trading volumes.
XRP’s 5th wave targets $5-$10, supported by a 50% bounce and post-triangle thrust. Source: XForceGlobal via X
Negative funding rates in XRP’s futures market suggest that traders are taking short positions, expecting price declines. However, such conditions have historically preceded strong recoveries, as aggressive short sellers often trigger a short squeeze that fuels upward momentum. If XRP surpasses immediate resistance levels, it could set the stage for a rapid rally.
Path Toward $5 and Beyond
The 5th Elliott Wave is unfolding, with a 50% bounce supporting XRP’s path toward the $5. Source: XForceGlobal via X
For XRP to hit the $5 milestone, it must first break past key resistance levels at $3 and $3.30. Traders anticipate that a decisive move above these points could attract significant buying interest, accelerating price appreciation. Elliott Wave projections further suggest that once XRP establishes a firm foothold above $5, the next target range will shift toward double-digit valuations.
Ripple’s XRP was trading at approximately $2.45, down 2.54% in the past 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin
Looking ahead, the long-term price target of $18 remains an ambitious yet plausible scenario. Analysts believe that broader market conditions, regulatory developments, and institutional adoption will play vital roles in determining whether XRP can achieve these high-value projections.
Source: https://bravenewcoin.com/insights/ripples-xrp-gains-momentum-analysts-eye-5-breakout-and-18-long-term-target