XRP (XRP) Price Action Divides Analysts as Some Predict a Massive Surge and Others a Major Crash

Cryptocurrency XRP’s recent price movements have sparked contrasting predictions among analysts, with some anticipating a significant surge and others warning of a major crash. The next chapter in XRP's price story could have a substantial impact on the broader crypto market.

One perspective on XRP's price trajectory is presented by crypto analyst Dark Defender, who suggests that the token is tracking its 2017 monthly trend. Despite corrections in shorter time frames, such as 4-hour and daily charts, XRP's overall trend is bullish.

According to the analyst, even though there are corrections in shorter time frames, like 4-hour and daily charts, XRP’s overall trend is bullish. Indicators like the Relative Strength Index (RSI) suggest positive momentum in weekly and monthly charts, meaning XRP's upward trend.

He also adds that the monthly chart is similar to historical patterns, which is a promising sign. If XRP follows its 2017 trajectory, its price could increase a lot. Key metrics aren’t overbought yet, so there’s still room for more upward movement.

People often focus on smaller time frames, but here we are with a $XRP update on a monthly time frame!

We are closer to finalising the correction on smaller time frames, such as 4 hours and 1 day.

XRP proceeds similarly to the 2017 monthly pattern since we discussed it… pic.twitter.com/vQP55bXKd8

However, contrasting this optimistic outlook, analyst EGRAG CRYPTO predicts that XRP could experience a 73% crash. This prediction is based on historical data that shows XRP drops when it hits certain resistance points, called "Fork C." These events have caused big corrections of 64% to 89%, with an average decline of 74%.

Read also : Crypto Lobbying Reaches Trump’s Table: Ripple’s $5M XRP Bet

#XRP: 73% Crash Warning Ahead! 🚨

( I'm Not Joking!):

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Note: 📓

OG's, you know the drill. But I’m genuinely concerned about the newcomers… pic.twitter.com/EsjEJIfxbM

According to EGRAG, XRP needs to close above $4 on the weekly chart before March 10 to avoid a crash. He also highlights that the market could be volatile because of the lunar eclipse on March 14, which has been linked to price dips.

A glance at XRP's technical indicators reveals that the token's current price is $2.26, with a trading volume of over $7.7 billion. The RSI for XRP is at 53.14, indicating a neutral market. If it goes above 60, that would mean bullish momentum. On the other hand, if it drops below 40, that would indicate bearish pressure.

The MACD line is close to the signal line, suggesting that bullish momentum is waning. A downward crossover below zero would confirm bearish dominance in the short term.

This article's content is for informational and educational purposes only and does not constitute financial advice. The Coin Edition is not responsible for any losses that may arise from using the information provided; readers are strongly advised to conduct their own research and consult a qualified professional before making any investment decisions.