Is XRP the Sleeper Hit of the Week? Price Prediction Inside

The post Is XRP the Sleeper Hit of the Week? Price Prediction Inside appeared first on Coinpedia Fintech News

XRP is facing a rocky week, as it dropped over 7% and slipped below key levels. Technical signals show selling pressure, but despite short-term weakness, there are some bullish signals.

XRP’s Technicals Show Bearish Picture

XRP slipped below its key support at $2.23 on Friday, dropping 4.65%, and is now hovering around $2.15. If the price fails to climb above $2.23, then it could further fall to $1.96.

Technical indicators show that XRP is under pressure. The 24-hour trading volume dropped by 37% to $1.51 billion, showing cooling interest in the spot market. Futures activity also slowed, with volume down 37.85% and open interest dipping to $3.9 billion, as per data from Coinglass. 

The RSI is at 40.82 is close to oversold levels, but no signs of reversal yet. Most moving averages signal sell, except the 200-day EMA, which still supports the long-term trend. The MACD also remains bearish. If XRP bounces back, it could retest the 50-day EMA near $2.27.

XRP has shown market indecision with a “doji” candlestick, indicating that the recent rally might be losing steam. Despite this, the bullish bets remain high on Deribit, with many traders holding call options between $2.60 and $3+, which shows confidence in a price rise. The most popular call is at $4, with big upside expectations.

XRP Long-Term Prediction

Analyst Dark Defender recently shared that XRP is building a new weekly wave pattern, pointing to a surge toward $18.22–$23.20 soon. The $5.85 level is a key mid target. This follows the same pattern from November 2024. 

Some analysts say XRP could jump to $25–$75 by mid-2025 thanks to new projects, legal updates, and ETFs creating supply shortages. While others expect a more conservative rise to $8–$10 by the end of the year, due to its growing institutional appeal.