XRP Crash Incoming? Analyst Panic Sells—Here’s the Full Story
- XRP faces a crucial resistance at $3.00, with a potential upside to $6.00 if it breaks through.
- A failure to hold above $3.00 could lead to a dip toward $2.00 or even lower levels.
Ripple native currency, XRP is in controversy after top traders expressed concerns about the impending collapse. However, the technical facts in the case are other. While some are preparing to face the imminent downturn, dominant chart patterns are suggesting that XRP could be in the most crucial retesting period leading to the major breakout.
EGRAG CRYPTO, a cryptocurrency influencer, went to X to end the rumor about the shift in the value of XRP. “I’ll have to give a slap to anyone who mentions ‘crash’ again!” he wrote, dismissing the alarms about the looming breakdown.
According to his analysis, XRP is in the course of an upwardly skewed triangular pattern, a pattern traditionally associated with bullish pressure. The previous drop, he explained, was a “fake-out” and the real test at the current point, in which the price tests the pattern boundary.

XRP Battles $3.00 Resistance As Bulls Eye Higher Targets
At the core is the resistance point at $3.00. Recently, the currency went around the value of $2.68, reflecting a strong trend upward. According to the EGRAG CRYPTO , breaking above the $3.00 mark would be a significant bullish confirmation.
This could lay the ground for additional price surges, and the targets based on the Fibonacci extensions put the possible upper targets at between $4.30 and $6.00 in the near future.

The long-term projection, based on the parabolic arc pattern, could see the XRP reaching an astonishing $33 to $60 if the pattern holds. However, the analyst also put in a warning.
A breakdown at the $3.00 point could see the pullback, and the price could return to the $1.90-$2.00 area. In the worst case, if the support at $1.90 fails, the XRP could drop to the $0.90-$1.00 area in connection with the overall market trend.
March Could Bring Major Volatility
Looking ahead, March could be the month that determines XRP’s fate. EGRAG CRYPTO anticipates a significant market pullback in the middle of March, the end of Wave 2 in a broader Elliott Wave cycle.

While potentially bringing near-term volatility, the pullback would also prepare the ground for Wave 3, a period in most Elliott Waves in which bullish pressure builds.
Beyond technical problems, external drivers, in the form of external catalysts, such as regulation updates, XRP ETF , and institution adoption, could impact the future of XRP.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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