30th March 2025 – (New York) Ripple’s XRP is demonstrating robust signs of recovery following a period of significant market volatility. After a swift decline to $2, the token has quickly rebounded, indicating renewed buying interest. Analysts are now monitoring key resistance levels that could trigger the next upward movement for XRP.
The broader cryptocurrency market has stabilised, with Bitcoin experiencing a modest bounce from its recent downturn. This positive sentiment is bolstering XRP, which is gaining traction as traders anticipate a potential rally.
As of the latest update, XRP is trading at $2.17, reflecting a 4.70% increase over the past 24 hours. The token’s 24-hour trading volume has reached $6.83 billion, while its market capitalisation stands at $125.74 billion.
Market analysts are noting a bullish setup for XRP, with EGRAG CRYPTO highlighting the emergence of an Inverse Head & Shoulders pattern—a classic indicator of bullish reversal. A close above $2.24, identified as a Fibonacci level of 0.888, is seen as a critical target that could pave the way for further gains.
Additionally, analyst Dark Defender has underscored the importance of breaking the $2.222 Fibonacci level for a sustained rally. While a retreat to $2.04 remains a possibility, the overall outlook suggests a strong upward trend as we move into April and May. Should XRP follow historical wave patterns, the Wave 5 target could range between $5 and $8.
Interestingly, 90% of traders maintain a bearish stance on XRP, a sentiment that could potentially fuel a contrarian rally. Historically, extreme pessimism has often preceded sharp price reversals, making the current scenario particularly intriguing for bullish traders.
