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XRP reclaims 2017 trendline as analysts highlight key Fibonacci targets up to 2730

source-logo  cryptonewsland.com 09 April 2025 03:16, UTC
  • XRP reclaims long-term trendline support, signaling renewed bullish technical strength.
  • Analysts eye $4–$5 targets if XRP holds above $2 amid macro and RSI alignment.
  • Fibonacci zones point to $7.50–$27.30 as potential targets if the breakout sustains.

XRP price action is regaining momentum after rebounding from key support and reclaiming a strong technical structure. Analysts are monitoring critical zones as historical patterns and regulatory updates shape the asset’s projected path.

Technical Recovery Highlights Long-Term Trend Continuation

XRP has reclaimed a key ascending trendline dating back to its 2017 breakout from long-term consolidation. The asset’s current structure mirrors earlier bullish phases, with resistance zones aligning with Fibonacci extension targets.

Market movement this year has drawn attention from analysts observing both technical behavior and macroeconomic shifts. Seth, a technical analyst on X, has presented a comparative analysis of RSI behavior and Fibonacci levels. He noted that the weekly RSI has cooled to 52 after an extended overbought phase.

Source: Seth

According to Seth, XRP has tested the $2 resistance multiple times, confirming its importance as a psychological and structural barrier. He has identified $4 to $5 as potential levels if the cryptocurrency price stabilizes above $2. Besides technical metrics, Seth also referenced macro catalysts expected to shape XRP’s trajectory.

Additionally, Seth reported that XRP joined the U.S. digital asset reserve alongside Bitcoin and Ether. Following this news, XRP rose 33%, attracting institutional interest due to possible government support. He stated that regulated XRP futures launched on Coinbase and Bitnomial further enhanced liquidity and institutional access.

Fib Targets Reinforce Upside Outlook

EGRAG CRYPTO has provided a detailed additional analysis using Fibonacci extensions and historical price structures for comparison. He identified structural similarities between the March 2025 monthly candle and XRP’s behavior in October 2017.

Source: EGRAG CRYPTO

EGRAG CRYPTO indicated that the 2017 build-up preceded two months of runaway growth. He suggested three Fibonacci targets that fit anticipated extensions if momentum persists above $2. The targets are Fib 1.236 at $7.50, Fib 1.414 at $13.70, and Fib 1.618 at $27.30.

He also pointed out that the dotted ascending support has held through key corrections since 2017. XRP rebounded from this level in both October 2023 and March 2025, confirming structure integrity. The $2 level marks the beginning of what he described as the “FOMO stage” in price movement.

EGRAG added that the $0.60–$2 range represents historical resistance-turned-support based on previous consolidation zones. He identified $3.00 and $5.00 as intermediary targets if the bullish structure continues to hold. Each extension corresponds with previous wave highs from the 2018 and 2021 cycles, validating long-term trend alignment.

cryptonewsland.com