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$XRPis showing renewed short-term strength, but analysts warn that a deeper correction remains possible.

At the time of writing, $XRPtrades around $1.50, posting a 2.5% gain in the last 24 hours and nearly 6.85% over the past week. Notably, $XRPtouched $1.60 today for the first time since February before slightly retracing.

This momentum has pushed $XRP’s market cap back above $90 billion, allowing it to overtake BNB and reclaim its position as the fourth-largest cryptocurrency globally.

The move comes after a strong recovery from February lows, when its valuation dipped to around $73 billion. However, despite this bullish resurgence, technical risks persist.

Key Points

• $XRPshows short-term strength but risks a drop to $0.70–$0.80 remain.

• Key resistance at $1.80–$2.40 must break for bullish momentum to continue.

• Analysts argue that a relief rally is possible, but a deeper correction remains a risk.

• Bulls eye $6–$10 targets, yet bearish market may cap near-term gains.

Major Resistance Still Unbroken

According to analyst ChartNerd, $XRPstill faces the possibility of dropping toward the $0.70–$0.80 range if it fails to break above major resistance zones at $1.80, $2.00, and $2.40. $XRPlast traded in this range in January and subsequently touched lows at $1.11 before the ongoing recovery.

ChartNerd’s analysis highlights a rejection zone around $1.80, where $XRPhas repeatedly failed to sustain upward momentum. Until $XRPreclaims this level and the higher-resistance bands, its structure remains vulnerable.

In the near term, $XRPis forming a consolidation pattern after its recent pullback, with price action hovering just above $1.50. While this could lead to a breakout attempt, failure to hold current levels may trigger further downside.

Mixed Signals From Analysts

Other market watchers share a similar near-term outlook for $XRP. Analyst Doctor Profit recently disclosed taking short-term long positions, expecting a temporary relief rally.

He previously entered an $XRPposition around $1.34, citing oversold conditions based on the Relative Strength Index (RSI). The rebound he projected seems to have already unfolded, as $XRPhas touched $1.60 today.

At the same time, he cautioned that this upside may not last, warning of a potential massive market correction. His outlook aligns with ChartNerd’s view that downside risks remain until $XRPbreaks through critical resistance.

Technically, $XRP’s current structure places it at a crossroads. A successful reclaim of the $1.80–$2.00 region could shift momentum in favor of bulls and open the path toward higher targets.

Conversely, continued rejection below these levels may confirm a deeper retracement toward the $0.80 support zone. Meanwhile, analysts consider this potential outcome a major buying opportunity.

$6 $XRPNext “At Least”

Last week, analyst Casi Trades disclosed setting a buy order for $XRPbetween $0.80 and $0.90, arguing that a rebound to its all-time high could follow, with $6 considered a conservative target.

Separately, analyst Crypto Bull has called for $10 $XRP, even suggesting that prices could rise to $28 and beyond. However, these bullish outlooks face challenges amid the ongoing bearish market, with $XRPexperiencing more dips than pumps.

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