XRP’s Path to New ATH: Hold $2.70, Break $2.90, Target >$3.7
Analysts remain bullish on XRP price despite a 25% drop from its mid-July all-time high of $3.65. The first key step is to halt the decline at the $2.70 support level—where whale accumulation has been recorded—followed by a break above the $2.90 resistance. Clearing $2.90 would pave the way for a new all-time high above $3.7. Technical patterns, including a possible five-wave ascending channel, suggest further rallies to $4.16, $4.63 and even $5.39. Last year’s surge from $0.60 to $3.65 underscores XRP’s capacity for rapid gains. Traders should closely watch support at $2.70 and resistance at $2.90 as critical levels for sustaining bullish momentum.
Bullish
This analysis underscores a bullish outlook for XRP. The ability to defend the $2.70 support—backed by whale accumulation—followed by a decisive break above the $2.90 resistance would confirm renewed buying momentum. Historical precedent, such as XRP’s rally from $0.60 to $3.65 in under a year, demonstrates its capacity for rapid gains once key technical barriers are overcome. Short-term traders will look for bounces off support and resistance flips, while long-term holders can anticipate further upside toward the projected $4–$5 range. Similar patterns in past rallies reinforce confidence that clearing these levels will trigger fresh inflows and sustained upward pressure.