XRP Forecast: Ripple Faces Pullback Before Possible Surge

XRP has once again captured the spotlight in the cryptocurrency market as price volatility sets in following the resolution of Ripple’s longstanding legal battle. The focus keyword, XRP forecast, has become a hot topic for traders and investors watching the altcoin’s movements. Although XRP recently hit a significant milestone above the $3 mark, a wave of selling pressure is now challenging that rally, possibly indicating a short-term correction phase.

The recent breakout in XRP was energized by news of Ripple’s favorable outcome against regulatory claims. The positive sentiment initially lifted the digital asset over the $3 threshold, and XRP even momentarily approached $3.4. However, this bullish momentum was not entirely sustainable. Crypto analyst HAMED_AZ observed that XRP was pushed back before reaching $3.4 due to a noticeable resistance level, sending the coin back into consolidation territory.

This resistance-induced rejection marks a critical turning point. According to HAMED, XRP’s break above the descending trendline — established after its July peak — was not sufficient to maintain upward pressure. The analyst now anticipates a potential retest of the broken trendline, which lies around the $2.9 level. If this scenario plays out, XRP may dip below $3 once more, possibly erasing recent gains and resetting support levels.

Despite these cautionary signals, investors still see a silver lining in XRP’s performance. A price pullback to $2.9 could serve as a springboard for a renewed rally. The analyst’s projections show that support just above this level might align with an ascending trendline forming since June. If XRP manages to bounce from this zone, it could initiate a strong bullish continuation that may lead to higher price levels.

According to HAMED’s forecast, a successful rebound near $2.93 could catalyze a move toward new all-time highs, eclipsing the previous record of $3.84 set in 2018. In fact, post-recovery conditions might support more than a 35% increase, potentially driving XRP above the $4 mark. This would not only validate the current technical patterns but would also re-energize the bulls who have stood by XRP through its rollercoaster trends.

For now, the XRP forecast remains a delicate balance between short-term bearish correction and longer-term bullish optimism. Traders will closely monitor the $3 threshold and the critical $2.9 support zone over the coming days. Maintaining momentum above these levels could play a vital role in defining whether the next phase will be dominated by consolidation or a sharp upward climb.

The entire trajectory of Ripple’s native token underscores the unpredictable yet compelling nature of crypto markets. With recent legal clarity providing some fundamental support and technical indicators hinting at new possibilities, XRP remains a key asset to watch in the evolving digital finance landscape.

Related: XRP Price: $12M Max Pain for Bears

Refer to the original XRP price chart from TradingView.com for a visual representation of current price action and trend patterns.