- XRP plunged from $3.65 to $2.70, yet analysts highlight whale accumulation and key support holding as signals for potential renewed growth.
- Whale activity and resistance at $2.90 are critical, with analysts pointing to $3.70 as the next target before higher price expansions.
- Analysts project a five-wave upward channel with targets at $4.16, $4.63, and $5.39, suggesting possible new highs into 2025.
XRP fell from $3.65 to $2.70 within weeks, yet analysts believe the token could rally toward $5 as whales re-enter the market.
Market Drop and Shaken Confidence
XRP’s steep decline started after the asset hit $3.65, which marked the all-time-highest price Ripple made since 2018. XRP came back to about $2.70 by mid-July, or a 25% decrease from that peak. A crypto researcher, Ripple Van Winkle, noted how this rapid correction left investors shaken across the market.
The correction was the steepest since XRP’s strong rally earlier in the year. Many retail investors saw falling momentum in this drop. However, analysts pointed out that these corrections happen often as part of cycles and not necessarily as collapses.
Once the market shifted to $2.70, participants began to watch to see if this level would be a sustainable level added for a new rally. Holding this range is viewed as critical for recovery prospects heading into the next trading phases.
Whale Activity and Resistance Levels
On-chain data indicates that whales are actively accumulating XRP despite the recent drop. According to Ripple Van Winkle, this pattern often points to a potential market bottom. Historically, large-scale buying has preceded notable rebounds in the token’s price.
The technical structure now centers around two key thresholds. The stability level of $2.70, is crucial, while $ 2.90 is the immediate resistance level. A confirmed break above resistance could give the momentum to get to $3.70..
Analysts argue that if these conditions hold, XRP could regain upward pressure and build a path toward higher targets. Stability at these levels is now considered a foundation for further price expansion.
Targets Toward $5 and Future Outlook
Several analysts project XRP’s movement within a five-wave upward channel.This model poses potential price targets of 4.16, 4.63, and 5.39. Therefore, if momentum continues as thought, XRP could be nearing highs during 2025.
Historical performance strengthens this perspective. In the past year, XRP advanced from $0.60 to $3.40 by January, before reaching $3.65 by summer. Such rapid growth reinforces expectations that the token could again produce outsized gains.
Forecasting tools powered by artificial intelligence are also being applied to XRP’s trajectory. Platforms like ChatGPT and Grok have been used to assess future price direction. Some models align with analyst targets, suggesting that the token could rally if support levels remain intact.
