XRP price has become a central focus in the crypto market as investors speculate whether Ripple’s native token can reclaim its former highs. Despite a recent downturn, analysts remain confident that the token could surge again, given the right market signals and technical support.

Current Market Challenges

It has been over a month since XRP made an impressive rally, surpassing its 2018 high to reach a new record of $3.65. However, since mid-July, it has experienced a sharp decline of more than 25%, hitting its lowest point since July 13—sliding down to $2.70.

This price drop raises concerns among investors, but some believe the correction could be stabilizing. According to recent on-chain analytics, there’s evidence suggesting that large holders—commonly known as whales—are actively accumulating XRP again. This type of behavior historically correlates with short-term bottom formations.

Critical Resistance and Bullish Targets

For XRP to reclaim upward momentum, defending the $2.70 support level is crucial. The next milestone lies at $2.90, which has become a strong resistance zone. Should XRP break past that level, analysts forecast the potential for a fresh rally toward $3.70, exceeding its prior peak.

A popular market analyst recently outlined this bullish framework on X (formerly Twitter):

Bullish path for $XRP:
– defend $2.70,
– break $2.90,
– then target $3.70. pic.twitter.com/eZbNh3ZP5C

— Ali (@ali_charts) September 1, 2025

Although the broader sentiment might not fully support such an optimistic surge just yet, XRP has demonstrated it can outpace expectations. As recently as last year, the token was trading around $0.60. By January, it had climbed to $3.40 and eventually peaked at $3.65 during the summer months.

Future Projections and Analyst Insights

Several market observers on Crypto X continue to express strong sentiment toward XRP’s potential. One figure, known as Charting Guy, recently suggested the token could be at the upper boundary of a five-wave upward channel. If this setup plays out, XRP could rally to $4.16, $4.63, and even hit $5.39.

Some investors are also exploring AI-powered forecasts to gauge possible scenarios. To see what AI platforms like ChatGPT and Grok anticipate for XRP’s trajectory into 2025—and whether an all-time high is likely—you can review those insights here.

A conceptual visual of blockchain data being analyzed in real time to forecast XRP trading patterns.

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

In conclusion, while XRP’s price has taken a recent hit, technical indicators and whale activity suggest the correction might soon be over. If the current support levels hold and key resistances are broken, the asset could be headed toward new record highs.