若XRP維持此支撐，仍有機會創下新歷史高點

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If XRP maintains this support, there is still hope of setting new highs
If XRP maintains this support, there is still hope of setting new highs
February 27, 2025

XRP

Analysis shows that hopes remain that XRP could surge to new highs if it continues to hold key trendline support. The recent price slide has caused XRP to drop one spot in the market cap rankings. The XRPL native token’s weekly and monthly retracements were 17% and 28% respectively, which allowed the stablecoin Tether to overtake and become the third largest asset by market capitalization.

Nonetheless, recent analysis suggests that XRP could be poised for a rebound. The commentary highlighted the critical support that the asset must maintain in order for new price discovery to be achieved quickly.

Bullish structure remains solid
Despite recent claims of a highly accurate sell signal on XRP’s two-week chart, analyst Crypto Michael says its bullish structure remains solid. In comments on Feb. 26, the market observer noted that the XRPL native token could still reach new all-time highs in the near term.

His comments highlight a critical wall of demand that XRP has maintained despite experiencing significant price declines. The accompanying chart shows that the digital asset is staying true to the support line in the developing symmetrical price structure.

XRP Price Analysis/Crypto Michael
Although Crypto Michael asserts that further sideways trends will occur in the remaining days of the month, he predicts that XRP will make decisive price action in March. However, if the coin continues to hold the support line, its next move could be to break out of its all-time highs and reach unprecedented prices.

Nonetheless, analysts point out the price markers that XRP needs to break through to initiate this surge from the current market price. He mentioned that a breakout above the symmetrical structure’s overhead resistance of $2.60 would prompt a sustained push to new highs.

Bulls still have the upper hand
Meanwhile, another commentary highlighted XRP’s bullishness despite the recent correction. Well-known market analyst Javon Marks noted that bulls are still on top of their game and will “start dominating soon.”

In one of X’s posts, he noted that there was a huge low price rejection in the XRP price chart since the 2017/2018 cycle. Marks showed a perfect candlestick and volume combination that occurred when XRP bounced from $1.7936 to a close of $2.7024 on February 3rd.

XRP Candlestick/Volume Combo – by Javon Marks
Hence, he hinted that even though bears appear to be pushing prices down, bulls are still in the ascendancy and will soon show their dominance. Notably, this is a follow-up to an earlier analyst prediction that XRP would surge more than 40 times to $99.