XRP price has currently dipped below the crucial $3 mark and is now trading at $2.90 levels. The price is down by more than seven percent in the last 24 hours. XRP’s price action suggests the completion of a triangle pattern, which has now broken to the downside. Despite the recent decline, there has been no confirmation of a breakout to the upside. The price remains in a consolidation phase, and the market is still uncertain about its next move.
As for Bitcoin, the price has dipped below the important $100k mark and Ethereum also is testing crucial support levels. Majority of the top 10 cryptocurrencies are currently experiencing losses between 7-11 percent.
The $2.52 support level is crucial for determining XRP’s future direction. For the bullish outlook to stay intact, XRP must maintain support above this level. A drop below $2.52 could lead to a deeper correction and challenge the broader bullish thesis.
However, even with a potential dip, as long as the price does not fall below the $2.32 level established on January 13th, the overall bullish scenario remains valid.
In the short term, XRP is showing some weakness as it continues to correct. However, this does not necessarily indicate a full reversal. If XRP can break above key resistance zones—especially the $3.14-$3.15 range (the peak of the triangle pattern) and the $3.21 level—this would suggest that the correction is likely over, and the price may head toward new all-time highs. A breakout above these levels would signal that XRP is preparing for the next major rally toward higher prices.
XRP might reach a high of $3.99 with an average of $3.07.
As per our latest XRP price analysis, the Ripple could reach a maximum price of $148.37.
By 2050, a single Ripple price could go as high as $418.73.
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