XRP Price: Trading Range $2.35-$2.55 as Buyers Await Direction

TLDR

• SEC dropped its lawsuit against Ripple Labs, sparking optimism for XRP
• Analysts predict XRP could reach $6-$27 in 2025-2026, with longer-term targets of $10 by 2030
• XRP currently trading in $2.35-$2.55 range, forming a symmetrical triangle pattern
• Technical indicators show mixed signals with RSI at 51.45 indicating balanced pressure
• Ripple Labs IPO rumors further boosting bullish sentiment for XRP

XRP has been gaining momentum among investors after the U.S. Securities and Exchange Commission (SEC) dropped its long-standing lawsuit against Ripple Labs last week. This legal resolution marks a turning point for the cryptocurrency.

The current price of XRP hovers around $2.39. It has been trading in a range between $2.35 and $2.55, forming what analysts call a symmetrical triangle pattern. This pattern often suggests a breakout is coming soon.

Bitget analyst Ryan Lee noted that a breakout from this trading range could lead to large price movements. “Short-term price targets range from $2.00-$2.17 on the downside to $2.65-$3.00 on the upside,” Lee said.

The exponential moving averages on the 4-hour chart are converging near current levels. The 20 EMA sits at $2.39 while the 200 EMA is at $2.40, acting as immediate resistance for the price.

If XRP moves above the $2.40-$2.42 level, it could rally toward $2.55 and possibly reach $2.88. However, if it fails to hold the $2.28 support level, the price might drop toward $2.18-$2.20 or even $2.00.

Technical Analysis

Technical indicators are showing mixed signals with a slight bullish tilt. The Relative Strength Index (RSI) stands at 51.45, which indicates balanced buying and selling pressure in the market.

XRP Price on CoinGecko

The Moving Average Convergence Divergence (MACD) shows a minor positive crossover. The MACD line is at 0.0022 versus the signal at 0.0065, though the histogram remains small.

Looking at longer-term forecasts, some analysts are very optimistic about XRP’s future. Analyst Egrag Crypto predicts the token could reach between $6 and $27 between 2025 and 2026, following what he describes as a “post-breakout correction.”

According to Egrag’s analysis, XRP had a 283% recovery after breaking out of a symmetrical triangle pattern following the US election in November 2024. Since then, it has shown steady gains in the monthly chart.

Not everyone agrees with these high price targets. Critics point out that Egrag has made overly bullish predictions in the past. Some also argue that his forecast doesn’t account for “diminishing returns” across market cycles as the cryptocurrency market matures.

#XRP – The Green Chart:

……. and you wonder why I am so #Bullish #XRPFamily Together We Rise pic.twitter.com/712pJKICKw

— EGRAG CRYPTO (@egragcrypto) March 22, 2025

Nick Ruck, director at LVRG Research, noted that XRP has shown less volatility during recent crypto market selloffs. This could be a sign that sentiment is leaning bullish for XRP.

Looking even further ahead, some analysts predict XRP could reach $10 by 2030. This long-term forecast is based on several factors including regulatory clarity, adoption of Ripple’s RLUSD stablecoin, and the possibility of a Ripple Labs IPO.

The IPO rumors have been heating up recently. Ripple CEO Brad Garlinghouse mentioned in an interview last week that going public was “possible,” which has provided more reasons for bullish positioning.

On the daily price chart, XRP is moving within a descending triangle pattern. The $2.88 level remains a major resistance barrier, while $2.28 is a key support level that held during the last correction.

A daily close above $2.55 could signal a shift in favor of bulls. Conversely, if the price closes below $2.28, it risks falling further toward $2.00 or even $1.85.

The Bollinger Bands indicator has contracted notably, with the price trading near the mid-band at $2.40. This narrowing suggests that a period of increased volatility may be approaching for XRP.