XRP experienced a rapid price increase after a Treasury Department announcement, reaching a multi‑month high of $1.70 on Saturday morning. The rally represented a roughly 70% gain in less than 72 hours.
After the peak, the cryptocurrency retreated, trading around $1.50. The pullback follows a pattern of volatility that analysts say is typical after a strong surge.
Key technical levels
Analysts highlighted the price range between $1.65 and $1.70 as a critical zone. EGRAG CRYPTO noted that breaking above this area could remove a resistance level that has limited XRP’s rally since late 2024. CasiTrades observed that the correction after the surge will indicate whether the broader bullish structure remains intact.
Potential scenarios
Some analysts, including Dark Defender, view the overall Elliott Wave pattern as bullish and suggest that a breakout above $1.70 could lead to targets near $1.80 and possibly $2.00. Others, such as ChartNerd, expect XRP to test lower psychological levels before attempting a recovery.
The consensus among several analysts is that the $1.70 level now serves as the most important obstacle. A decisive move above this price would support a view that the recent rally could continue, while a sustained rejection may signal a further correction.
