The cryptocurrency market is experiencing a sharp downturn, shedding 4.4% of its total market cap in the past 24 hours. Major digital assets have taken a hit, and XRP is no exception, slipping by 2.3%. However, a deeper look into XRP’s recent performance reveals an even more turbulent month for the token.
XRP’s Rough March: Two Major Crashes
March has been particularly brutal for XRP, with two significant price declines. The token plummeted by 18.6% on March 8, followed by an even steeper 22.12% drop between March 7 and 10. Despite some recovery efforts, XRP remains down by 18.49% from its March 7 level. While short-term sentiment appears bearish, some analysts believe XRP could be preparing for a major comeback in 2025.
Analyst EGRAG Crypto Predicts XRP’s Next Peak
Crypto analyst EGRAG Crypto has revised his bullish XRP forecast, now predicting a potential price peak in either May or September 2025. His analysis is based on historical price cycles, particularly those observed between 2014 and 2018. According to EGRAG, these cycles lasted approximately 1,492 to 1,614 days. If XRP follows a similar trajectory, its next major rally could materialize by mid-2025.
Initially, the analyst anticipated a significant surge in July 2024 but adjusted his projections after reviewing historical trends. This revision aligns with broader market cycles observed in previous bull runs.
Can XRP Reach $27?
Despite the current downturn, EGRAG maintains a long-term price target of $27 for XRP. Over the past year, the token has already demonstrated remarkable growth, soaring by 241.2%.
At the beginning of 2025, XRP was priced at $2.0870. It recorded a strong 46% gain in January but later dropped by 29.3% in February, highlighting its volatility. As of early March, XRP traded at $2.1469 before experiencing another major correction. Currently, it stands at $2.1298, struggling to reclaim higher ground.
For XRP to avoid further declines, analysts stress the importance of maintaining support above $2.2. A drop below this level could expose the token to additional losses, with $1.6 being the next crucial support zone. If XRP fails to hold above $1.6, a deeper correction may be inevitable.
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While the short-term outlook remains uncertain, long-term projections suggest XRP could be on track for a substantial rally in 2025, provided historical cycles repeat.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
