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- An analyst predicts XRP could reach $70 based on technical analysis, with key price cycles supporting a possible upward move.
- Institutional interest in XRP is growing as Franklin Templeton and other firms apply for XRP ETFs.
XRP’s price projection has gained attention as analysts highlight a potential rally. A well-known expert predicts a surge to $70, citing technical movements instead of speculation. Other analysts also foresee an upward trajectory, with short-term targets around $5.
Meanwhile, XRP is facing consolidation after a slight dip today, with trading volume increasing despite broader market uncertainty.
Analyst Highlights Technical Patterns for XRP’s Growth
EGRAG CRYPTO, a recognized market analyst, has projected XRP’s price to reach $70. He stated that his forecast is based on technical analysis rather than speculation. He cited key price cycles and mathematical models that align with previous market trends.
#XRP – 3rd Stick Post ($33 – $70)
I’ve been closely analyzing the strength of Wave 1 across various crypto charts, and after reviewing multiple projects, I’ve noticed a compelling pattern in #XRP that could signal a potential cycle top. By applying percentage formulas, I am… pic.twitter.com/EXok7CBTW1
— EGRAG CRYPTO (@egragcrypto) March 16, 2025
In a recent post, he mentioned analyzing Wave 1 across multiple assets and identifying a recurring pattern in XRP. He broke down his projection into five key steps: reviewing past cycles, analyzing the ongoing market, applying percentage formulas, assessing corrections, and confirming price targets through indicators. His research identified Stick 2 and Stick 3 as critical points, with Stick 3 aligning with the $70 target.
Other Experts See XRP Rallying to $5 in the Near Term
Other market analysts have also maintained a bullish stance on XRP’s price action. Dark Defender, a crypto analyst, suggested an initial price target of $2.42, with further momentum expected if XRP surpasses the Ichimoku cloud resistance. He pointed out support levels at $2.22 and $2.04 while projecting an extended rally toward $5.85.
Rose Premium Signals also provided an optimistic outlook, indicating that XRP is breaking out of a descending channel. Their analysis suggests an entry range between $2.20 and $2.40, with near-term targets set at $2.60, $2.85, and $3.10.
Mid-term projections place the token at $3.36 and $3.87, with a stop-loss set at $2.00. These analysts agree that XRP’s price action could shift significantly in the coming months if key resistance levels are cleared.
Market Conditions and Institutional Interest in XRP
XRP’s price movement comes amid a 1.8% drop to $2.33 despite a 60% surge in trading volume to $4.21 billion. CoinGlass data also reported a 5% decline in XRP Futures Open Interest to $3.17 billion.
Meanwhile, institutional interest continues to grow. Franklin Templeton, a firm managing $1.5 trillion in assets, recently applied for an XRP-linked exchange-traded fund (ETF). This follows similar filings by Bitwise and 21Shares, indicating a rising institutional focus on XRP.
Veteran trader John Bollinger also weighed in on XRP’s resilience. In a recent post, he referenced Greek mythology, stating that XRP had resisted the market’s downward trends. His comments mark his first public remarks on XRP since 2018. Last month, Bollinger refuted claims of Bitcoin entering a bear market, reinforcing his measured market outlook.
Despite the recent decline, XRP is at the center of a new proposal that could impact the U.S. financial system and the crypto market. The proposal was submitted to the U.S. Securities and Exchange Commission (SEC). As mentioned in our previous news brief, the proposal suggests that XRP could unlock $1.5 trillion in liquidity, enabling large-scale Bitcoin purchases and boosting U.S. Bitcoin reserves.
If approved, this move could streamline global financial transactions and enhance the efficiency of government payments. However, the SEC’s decision on XRP’s status remains a crucial factor, with two possible implementation paths under consideration.
