{"id":18930,"date":"2025-03-11T17:00:41","date_gmt":"2025-03-11T17:00:41","guid":{"rendered":"https:\/\/cryptd.in\/xrp-price-face-major-resistance-at-2-9-why-this-analyst-believes-20-is-still-possible\/"},"modified":"2025-03-11T17:00:41","modified_gmt":"2025-03-11T17:00:41","slug":"xrp-price-face-major-resistance-at-2-9-why-this-analyst-believes-20-is-still-possible","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lt\/xrp-price-face-major-resistance-at-2-9-why-this-analyst-believes-20-is-still-possible\/","title":{"rendered":"XRP Price Face Major Resistance At $2.9, Why This Analyst Believes $20 Is Still Possible"},"content":{"rendered":"<p>Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent <a href=\"https:\/\/bitcoinist.com\/bitcoin-investors-extremely-fearful-btc-4-drop\/\" target=\"_blank\" rel=\"noopener nofollow\">crypto market crash<\/a>. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will eventually break this resistance and rally to as high as $20.\u00a0<\/p>\n<h2>XRP Price Faces Resistance At $2.9 But Could Still Rally To $20<\/h2>\n<p>In a <a href=\"https:\/\/www.tradingview.com\/chart\/XRPUSD\/lTH2l1tT-XRP-still-bullish-2-scenarios-one-target-20-USD\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView post<\/a>, ElmoX outlined two scenarios for the XRP price as it eyes a rally to $20, although he noted that the crypto will retest the major resistance at around $2.92 either way, on its way to a new <a href=\"https:\/\/bitcoinist.com\/xrp-sets-for-a-historic-bull-run-to-a-new-peak\/\" target=\"_blank\" rel=\"noopener nofollow\">all-time high (ATH)<\/a>.\u00a0 For the first scenario, the analyst stated that XRP would break this resistance and then skyrocket to $20.\u00a0<\/p>\n<p>Meanwhile, in the second scenario, ElmoX stated that the <a href=\"https:\/\/bitcoinist.com\/xrp-price-will-touch-4-6\/\" target=\"_blank\" rel=\"noopener nofollow\">XRP price<\/a> could face another rejection, sending it below the $1.5 level before it witnesses a bullish reversal and rallies to a new ATH. The analyst revealed that he is betting on this second scenario since there is usually a swift crash before an impulsive move to the upside.\u00a0<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-710084\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/03\/XRP-chart-from-ElmoX.png?w=512&amp;resize=512%2C235\" alt=\"XRP\" width=\"512\" height=\"235\" loading=\"lazy\" \/><\/p>\n<p>ElmoX remarked that the XRP price has barely corrected, which is also why he believes there could still be a massive crash before a rally to a new ATH. Meanwhile, the analyst didn\u2019t provide an exact timing for the potential price correction and subsequent rally to a new ATH and the <a href=\"https:\/\/bitcoinist.com\/xrp-etf-send-price-to-20\/\" target=\"_blank\" rel=\"noopener nofollow\">$20 price target<\/a>.\u00a0<\/p>\n<p>Instead, he simply told market participants to be patient. He further warned that the XRP price might sit in price discovery until at least mid-July. His accompanying chart showed that XRP will first drop to as low as $1.20 before it witnesses an impulsive move to as high as $20.\u00a0<\/p>\n<h2>The Altcoin Records A Bullish Close<\/h2>\n<p>In an X post, crypto analyst CasiTrades noted that although the XRP price briefly broke below the $2 trendline, the candle closed back above this trendline, reclaiming the consolidation range. She remarked that this is exactly what bulls needed to see. However, the analyst added that a confirmation is needed with <a href=\"https:\/\/bitcoinist.com\/xrp-must-stay-above-2-32-support-analyst-explains-why\/\" target=\"_blank\" rel=\"noopener nofollow\">XRP holding the range<\/a> between $2 and $2.03 as support.\u00a0<\/p>\n<p>CasiTrades stated that a breakdown from consolidation usually leads to further downsides, but the XRP price managed to recover the level quickly, showing that buyers are stepping in. She also noted that the <a href=\"https:\/\/bitcoinist.com\/xrp-price-forms-bullish-pattern\/\" target=\"_blank\" rel=\"noopener nofollow\">bullish divergence<\/a> is still holding up to the 1-hour RSI even after the dip with selling pressure weakening, which suggests a shift in momentum is possible.\u00a0<\/p>\n<p>If the XRP price holds the support between $2 and $2.03, CasiTrades predicts that the crypto could bounce and rally toward $2.25 and $2.70. On the other hand, if XRP loses this level, she stated that the next major support sits at $1.90 which is the 0.5 Fibonacci retracement level. Meanwhile, there is also the possibility that XRP could drop to the 0.618 Fib retracement level at $1.54.\u00a0<\/p>\n<p>At the time of writing, the XRP price is trading at around $2.10, down over 4% in the last 24 hours, according to <a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" target=\"_blank\" rel=\"noopener nofollow\">duomenys<\/a> i\u0161 CoinMarketCap.<\/p>\n<p><img decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/FRb5qB6l\/\" alt=\"XRP\" width=\"2301\" height=\"1546\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. His analysis revealed that XRP is set to face major resistance at $2.9, although he is confident that the crypto will eventually break this resistance and rally to as high as $20.\u00a0 XRP Price Faces Resistance At [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-18930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>XRP Price Face Major Resistance At $2.9, Why This Analyst Believes $20 Is Still Possible - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/lt\/xrp-price-face-major-resistance-at-2-9-why-this-analyst-believes-20-is-still-possible\/\" \/>\n<meta property=\"og:locale\" content=\"lt_LT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Price Face Major Resistance At $2.9, Why This Analyst Believes $20 Is Still Possible - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Crypto analyst ElmoX has asserted that the XRP price is still bullish despite the recent crypto market crash. 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