Recent XRP news brings a warning from a well-known analyst that the cryptocurrency might fall to $1 by March 10, 2025, unless it surpasses the $3.9 mark.
Historical Patterns of XRP Decline
Analyst EGRAG Crypto pointed out that XRP has faced severe corrections near Fork C resistance levels before. For instance, there were reductions of 89.59% in December 2015, 68.97% in May 2017, 64.35% in September 2018, and 73.39% in April 2021, indicating the need to surpass the $3.9 resistance to avoid similar declines.
Long-Term Bullish Outlook
Despite forecasts of short-term dips, EGRAG remains optimistic about XRP's long-term prospects. If the cryptocurrency breaks the $3.9 resistance with a solid weekly close, it could rise to $13–$15.
Current XRP Price Analysis
Currently, XRP is priced at $2.28, having declined by 1.18% in the past day. Investors are focusing on the $3.9 resistance level as a potential reversal point, awaiting how the future of the cryptocurrency unfolds in the coming weeks.
The future of XRP remains uncertain, and it will be crucial to watch its movements around the critical resistance level in the coming months. The entire cryptocurrency market continues to experience significant volatility.
