XRP Struggles Below $3 as Bold Predictions Collide with Near-Term Reality
- XRP is consolidating near $2.80–$3.00, with analysts watching closely for a short-term rebound.
- Bold predictions range from $20 to $134+, though many see these as speculative long-term cases.
- Near-term outlook favors a move toward $3.60 if support holds, while broader adoption narratives keep fueling bigger debates.
XRP has been through a choppy month, sliding under $2.94 after hitting highs near $3.65. Traders are now split between cautious short-term forecasts and eye-popping long-term scenarios, with some even floating triple-digit valuations. The debate leaves the community wondering if XRP is gearing up for a slow grind higher or if wild targets like $100+ are even possible anytime soon.
Key Support Holding, But Momentum Weak
The token briefly dipped to $2.80, where buyers stepped in multiple times, keeping it from further collapse. Analysts like Cobb compared the current chop to XRP’s $0.60 consolidation last year—when political winds shifted and sparked a major breakout. He suggested that if the $3 region holds, XRP could eventually set up for a run toward $20, especially if political and regulatory conditions turn more favorable again.
Extreme Forecasts Stir Heated Reactions
Some influencers went much further. John Squire pointed to a Gemini model projecting XRP at $134.50 if Ripple captures 20% of real-world asset tokenization by 2026. That would imply an $8 trillion market cap, dwarfing even Bitcoin. While intriguing, skeptics were quick to remind that such a scenario leans heavily on rapid adoption and optimistic assumptions. For most traders, these forecasts remain more of a “what if” vision than an actionable near-term plan.
Analysts Eye Short-Term Bounce
Others kept things grounded. Ali Martinez flagged a buy signal around $2.80 last week, suggesting XRP could retest $3.60 in the short term. That would put it just shy of its recent $3.65 peak. With technical indicators flashing rebound potential, Martinez argued that as long as $2.80 holds, the near-term trend tilts bullish. Still, the contrast between measured technical calls and community hype around $100+ price targets remains sharp.
Outlook Moving Forward
Right now, XRP’s path is caught between two extremes: bold, almost fantastical long-term valuations and more conservative technical setups. The next few weeks will hinge on whether XRP can build enough strength above $2.80–$3.00 to challenge resistance again. For now, a push toward the mid-$3 range looks more realistic than a sudden moonshot, but as XRP history has shown, sentiment can flip fast.
The post XRP Struggles Below $3 as Bold Predictions Collide with Near-Term Reality first appeared on BlockNews.
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XRP Struggles Below $3 as Bold Predictions Collide with Near-Term Reality
- XRP is consolidating near $2.80–$3.00, with analysts watching closely for a short-term rebound.
- Bold predictions range from $20 to $134+, though many see these as speculative long-term cases.
- Near-term outlook favors a move toward $3.60 if support holds, while broader adoption narratives keep fueling bigger debates.
XRP has been through a choppy month, sliding under $2.94 after hitting highs near $3.65. Traders are now split between cautious short-term forecasts and eye-popping long-term scenarios, with some even floating triple-digit valuations. The debate leaves the community wondering if XRP is gearing up for a slow grind higher or if wild targets like $100+ are even possible anytime soon.
Key Support Holding, But Momentum Weak
The token briefly dipped to $2.80, where buyers stepped in multiple times, keeping it from further collapse. Analysts like Cobb compared the current chop to XRP’s $0.60 consolidation last year—when political winds shifted and sparked a major breakout. He suggested that if the $3 region holds, XRP could eventually set up for a run toward $20, especially if political and regulatory conditions turn more favorable again.
Extreme Forecasts Stir Heated Reactions
Some influencers went much further. John Squire pointed to a Gemini model projecting XRP at $134.50 if Ripple captures 20% of real-world asset tokenization by 2026. That would imply an $8 trillion market cap, dwarfing even Bitcoin. While intriguing, skeptics were quick to remind that such a scenario leans heavily on rapid adoption and optimistic assumptions. For most traders, these forecasts remain more of a “what if” vision than an actionable near-term plan.
Analysts Eye Short-Term Bounce
Others kept things grounded. Ali Martinez flagged a buy signal around $2.80 last week, suggesting XRP could retest $3.60 in the short term. That would put it just shy of its recent $3.65 peak. With technical indicators flashing rebound potential, Martinez argued that as long as $2.80 holds, the near-term trend tilts bullish. Still, the contrast between measured technical calls and community hype around $100+ price targets remains sharp.
Outlook Moving Forward
Right now, XRP’s path is caught between two extremes: bold, almost fantastical long-term valuations and more conservative technical setups. The next few weeks will hinge on whether XRP can build enough strength above $2.80–$3.00 to challenge resistance again. For now, a push toward the mid-$3 range looks more realistic than a sudden moonshot, but as XRP history has shown, sentiment can flip fast.
The post XRP Struggles Below $3 as Bold Predictions Collide with Near-Term Reality first appeared on BlockNews.
Read More
Cardano Prepares for Another Push Toward $1