XRP News: Analyst Predicts $5 Target Despite Recent 5% Price Drop

XRP Price Prediction: Analyst Eyes $5 Target Despite 5% Drop

XRP’s price has taken a hit recently, along with Ethereum, Dogecoin, and Bitcoin. Bitcoin is struggling to hold the $85,000 mark. The sell-off is attributed to fresh tariffs announced by President Trump causing market jitters, especially with new taxes on the auto industry. Additionally, the fear of a potential recession, fueled by inflation data and economic reports, is affecting investor confidence.

XRP Price Dips to $2.14: Is a 36% Drop Incoming?

The price of XRP has dipped to $2.14, marking a 5.51% drop since the previous day. XRP holders are eagerly awaiting the closure of the Ripple vs SEC lawsuit and the approval of ETFs. Paul Atkins has called for a clear and supportive framework for cryptocurrencies, sparking talks around potential XRP ETFs. However, XRP’s price remains heavily influenced by broader market trends, such as Trump’s tariff threats.

Peter Brandt Predicts XRP Could Drop to $1.07 Unless It Hits $3

Veteran market analyst Peter Brandt has identified a bearish head and shoulders top pattern in XRP’s price chart, suggesting the price could drop to $1.07 unless it exceeds $3. Since March, XRP has struggled to show a clear trend, experiencing both price drops and rises, but overall remaining in a bearish trend.

XRP to $15? Key Price Levels Signal a Potential Liftoff

XRP nears a crucial support zone before a potential rebound. Historical cycles suggest XRP could hit a new peak within 90 to 120 days, with market sentiment remaining bullish and targets as high as $15. However, XRP dropped to $2.27 without bullish RSI divergence, indicating the correction might continue. Key retracement levels to watch are the .618 golden retracement at $2.17 and the golden pocket at $2.15. If these levels fail to hold, further drops to $2.05 or even $2.00 are possible. Selling pressure appears to be exhausting, with early signs of bullish divergence in the RSI.