XRP price holds steady at $2.50 — could a 57% breakout be ahead?
-
Written by
Simonas Brazionis - Updated 2025-10-15 10:56:16
XRP’s broader market trend remains optimistic, with analysts suggesting that a strong bullish move is still possible if crucial support areas are reclaimed.
Table of content
Key highlights
- XRP must turn the 200-day SMA and the $2.70–$2.80 resistance area into support to aim for levels above $3.00.
- Analysts estimate a 57% chance of an upward breakout toward $9.5–$27, with a 43% probability of a drop to $0.50.
XRP price tests key support at $2.50
After hitting a July peak of around $3.66, XRP has lost more than 31%, sliding to the $2.50 mark following a 12.5% decline over the past week. Traders are now watching closely to see if the token can hold this level as support and resume its upward trajectory.
XRP must reclaim the 200-day SMA
For any bullish momentum to build, XRP needs to close above its 200-day simple moving average (SMA) at $2.58. Historically, regaining this trendline has preceded strong recoveries, as seen earlier this year.
If the price moves past that level, the next major resistance lies between $2.86 and $2.96, where both the 50-day and 200-day SMAs converge.
According to previous analyses, breaking above the 20-day exponential moving average (EMA) at $2.72 would be another strong sign of recovery.
Analysts see a 57% chance of a bullish breakout
Technical analyst Egrag Crypto believes XRP is trading inside a “descending broadening wedge” — a formation that statistically favors a 57% likelihood of breaking upward.
If this scenario plays out, the price could surge toward $9.50, with Egrag’s broader projections suggesting a potential range of $9 to $27 during the current cycle.
Still, the pattern also carries a 43% chance of failure, possibly sending XRP down to $0.50 — a level the analyst views as an ideal re-entry point.
Long-term outlook remains positive
Elliott Wave specialist XForceGlobal agrees that XRP’s macro structure is still bullish. He describes the current range as a “confirmation phase” before the coin enters its next major rally, known as wave 3.
Momentum indicators such as the oversold weekly Stochastic RSI also point to a potential reversal, reinforcing the view that XRP may be preparing for its next upward leg.
XRP’s short-term price action may be volatile, but analysts maintain that the long-term setup remains constructive — provided the $2.50 support holds.
Blockchain Expert
