Ripple-backed XRP has been on a roller-coaster ride since the start of March. The recent market crash has put the coin under immense pressure as it continues to maintain a downward trend. Besides XRP, Bitcoin and top altcoins are also facing a high volatility within the current market conditions.
In fact, XRP has dipped by over 8% over the last one month according to data on Coinmarketcap. XRP has also closed off the day on a bearish candle for three days since March. 7, 2025. Despite the recent dip in the price of XRP a top crypto analyst has predicted that XRP could be set for a rally to $5.
XRP Has Formed a Head-and-Shoulders Pattern
According to a recent prediction shared on X by top crypto analyst Ali Martinez, XRP has formed a bearish head-and-shoulders pattern. This pattern is usually considered a key trend reversal pattern and has three peaks. The highest peak is usually referred to as the head and appears in between two lower peaks which are considered to be the shoulders (left and right shoulder).
As per the analysis by Martinez, XRP formed the left shoulder in December 2024 when the price reached $2.9. However, with the price pulling back, it dropped towards the $2 level which is currently serving as the neckline.
With bulls gaining control, Ripple faced a reversal which later pushed the price to $3.4 in January, hence forming the “head” in the pattern. But XRP dipped further as February kicked and the breakout formed the right shoulder closing at around the $3 mark.
A Break Above the Right Shoulder Could Push XRP to $5
XRP’s price performance is pushing the price towards the neckline at $2 as bearish momentum is picking up pace amidst Trade War tensions. However, according to Martinez XRP “could invalidate the bearish pattern.”
“If XRP avoids closing below the head-and-shoulders neckline and breaks above the right shoulder instead,” Martinez further added. In case this happens, it “might trigger a bullish breakout toward $5” for XRP. However, for this to happen favorable macroeconomic conditions must prevail in the market.
XRP’s Current Price Performance
The price of Ripple seems to be consolidating after experiencing a decline in the past few days. As of the time of this writing, XRP is trading at $2.1955 as per the 1-hour chart on TradingView. This price level depicts a slight drop in the day as uncertainty prevails in the crypto market.
The key price levels to watch for XRP include the support at $2.1086 where the price rebounded before the current consolidation. If the price fails to hold above the current levels and breaches this support, it could dip further risking a breach of the next key support at $1.9588.
In a scenario where bulls dominate the market, XRP could surge towards the resistance at $2.3554. A breach of this level will confirm bullish momentum and more power for bulls could push the price to the next resistance at $2.6357 in the short term.
XRP’s Relative Strength Index (RSI) points to a rather neutral momentum. This can be confirmed by the RSI value which is at 48.97 and just below the neutral point which is 50.
On the other hand, the MACD depicts a slight bullish crossover. The MACD line at -0.0191 is above the signal line at -0.0279 hence signaling bullish momentum. However, the histogram is near zero confirming that the bullish momentum is still weak.
Stronger bullish momentum will be confirmed if the green histogram bars increase in size and have a greener color. Traders and investors should monitor Ripple’s price movement closely for a trend confirmation.
