The XRP went below the critical support level and made investors uneasy. The price of the digital asset fell below $ 2.7 and experienced over 4 %loss. However, technical analysis shows that XRP has significant output potential in the long run. Experts suggest that XRP can reach 8, 13 and even 27 dollars in line with certain fibonacci levels and technical indicators.
Technical indicators support the likelihood of rise
According to Ekrag Crypto, an expert analyst provides a critical support for the 21 -week exponential moving average XRP. Fibonacci intervals in the crypto currency market show that the price is in a consolidation process between $ 2.25 and $ 3.30. These levels can be a harbinger of harsh movements in the future.
Ekrag Crypto said the Fibonacci intersection will take place on March 10, 2025, which could take the XRP to $ 8. When the technical indicators are examined, the XRP seems to reach significant price levels in the long term if the rise trend continues.
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Another analyst, Dark Defender, claimed that the XRP could overcome $ 3 resistance if the XRP returned to $ 2,7740. The “Cup and Handle” formation, which stands out in technical analysis, is among the structures that support this output. If the current resistance level is exceeded, the possibility of XRP will be able to reach double -digit prices.
Market factors and expectations for the future
XRP’s price movements, ripple 
$2.68 may vary depending on the progress of the legal process between and SEC. In recent weeks, XRP has provided a value of close to 12 %. Significant mobility is observed in the futures markets. In this process, investors closely follow the effects of ETF approval expectation on the market.
Increasing the interest of corporate investor may be decisive in terms of XRP’s future performance. Looking at the past data, it is seen that XRP has made harsh rise in positive market conditions. Technical analysis and market data show that XRP can make a strong output. Investors continue to act within the framework of cautious optimism.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
