- XRP may reach $1.30 as it breaks down a head and shoulders pattern.
- Analysts are forecasting XRP to reach a high of $89.29 around July 21 or November 9, 2025.
- Long-term targets remain bullish, with projections aiming high up to $5.85
XRP has drawn sharp attention from technical analysts after forming a classic head-and-shoulders pattern, historically known as a bearish reversal setup. Crypto analyst Ali Martinez explained the breakdown of this structure, saying that XRP may decline to $1.30. The neckline break indicates that the decline may be headed down to $1.30, a drop of more than 35% from its near $2.
This has developed over the past couple of months, and it shows a formation of the left shoulder, head, and right shoulder. As of April 3, XRP was trading at $1.99, which is below the neckline support level. As noted by Ali, selling pressure may intensify, given this technical breakdown, unless a strong rebound refutes the pattern.
Cycle Peak Projection Eyes July 21 Top
While a short-term bearish outlook was presented, EGRAG CRYPTO provided a long-term bullish outlook based on cycles. He predicted that this digital asset could reach an all-time high as soon as July 21, 2025, and based this on the prior behaviour of XRP with the 21 weekly EMA.
According to his analysis, XRP could rise to complete the bullish cycle in 147 days from touching the 21 EMA and peak in a 21-day window that corresponds to July. If the cycle continues, EGRAG proposes that the peak may move up to November 9, 2025, depending on the liquidity situation and global market trends.
His theory entails a macro view that was evidenced by the patterns which manifested themselves in previous bull runs. He believes that short-term volatility could displace weak speculators, but in the long term, he contends that investors stand to benefit.
Bullish Targets Remain Active Despite Correction
Dark Defender, another analyst who has closely been following the XRP price, echoed the bulls’ sentiment based on the current monthly chart formation and RSI. He stated that the A wave is now complete and is looking for a pushback toward $3 in the B wave. In an optimistic scenario, it could even directly jump to Wave C towards $5.85 in an optimistic evaluation.
He also indicated immediate resistance levels at $2.222 and $2.555, with short-term support being at $2.04, $2.02, and $1.95. However, XRP is bullish unless the price fails to move past $1.95, which invalidates the higher targets.
As of this writing, XRP is trading at $2.05 with a market capitalization of $119.57 billion and a daily trading volume of $5.08 billion. Despite the reduced trading volume, XRP still has good standing as it occupies the fourth place among all cryptocurrencies.
