Bullish Forecast Despite Recent Pullback

XRP price analysts remain optimistic about the cryptocurrency’s long-term potential, with projections suggesting a rally towards $5 in the near future and a possible surge to $18 if bullish momentum prevails.

Despite a recent dip, market experts believe XRP’s price action aligns with a classic Elliott Wave structure, which could indicate a strong recovery.

XRP Needs to Reclaim $2.70 for Bullish Momentum

At present, XRP is trading at $2.41, marking a 3.2% decline on 5 February, with the daily chart showing a low of $2.55. Analysts suggest that a decisive rebound and a candle close above $2.70 could signal a trend reversal, setting the stage for a sustained upward move.

The crypto market has been experiencing volatility following President-elect Donald Trump’s tariff threats, which have sparked fears of a trade war. However, traders remain hopeful about XRP’s potential breakout into double-digit territory.

Popular trader Nishant Bhardwaj noted that XRP faced strong resistance at $3.30, resulting in a sharp pullback to as low as $1.76 on 3 February. Although the price rebounded from the key $2.00 support zone, Bhardwaj warned that bearish pressure remains. A breakdown below $2.50 could lead to a further decline towards the $2.00 and $1.60 support areas.

For a bullish outlook, Bhardwaj emphasised:
“XRP needs to reclaim $2.70+ for upside momentum.”

Data from CoinGlass supports this view, showing a significant build-up of bid liquidity below the $2.50 level. This suggests an increasing likelihood of a support retest and liquidity grab before a potential recovery.

Could XRP Reach $18 by 2025?

Despite recent market turbulence, crypto analyst Dark Defender remains bullish, predicting XRP could reach an intermediate target of $5.85, with a long-term projection of $18.22 based on the Elliott Wave Theory.

According to his analysis, XRP is currently in its fourth wave within an intermediate cycle, with the upcoming fifth wave potentially pushing the price beyond $5. On a larger scale, the primary cycle wave could propel XRP to $18.22.

“XRP had a 4th Wave on its intermediate cycle, which is highlighted in dark blue, aiming for $5.85 with the 5th Wave. On the other hand, primary cycle Waves, highlighted in light blue, still aim for $18.22,” Dark Defender explained.

The analyst has maintained this forecast since July 2023, when XRP was trading between $0.40 and $0.50. His latest update on 5 February provides further clarity on the potential price trajectory.

Technical Indicators Suggest Strong Recovery Potential

Fellow analyst XForceGlobal also identified XRP as being in its fourth wave on the daily timeframe, expecting the fifth wave to drive the price towards the $5–$10 range.

“Utilising the post-triangle thrust measurement, it roughly aligns with our original targets in the $5–$10 range, which we’ll continue refining as the price moves higher,” XForceGlobal stated.

The analyst further highlighted that a 50% price bounce would confirm the completion of the fifth wave, provided that recent lows remain intact.

“We got that anticipated pullback, and now we have fulfilled the minimum expectations,” XForceGlobal added.

A recovery above $2.90 is seen as a critical confirmation of a bullish market structure, reinforcing the outlook for a strong upward trend.

While short-term price action remains uncertain, the broader sentiment among analysts suggests that XRP could be gearing up for a significant breakout in the months ahead.