**XRP Climbs Toward $3 with Optimistic Predictions of a $70 Rally by 2027**
XRP is making headlines once again as it approaches the $3 mark, driven by a wave of bullish sentiment. Analysts are optimistic, forecasting a potential rise to $70 by 2027. A prominent market analyst, Dark Defender, has shared an encouraging outlook, highlighting key technical patterns and resistance levels. The cryptocurrency’s recent surge has been fueled by excitement surrounding the newly announced U.S. Crypto Strategic Reserve, which includes XRP alongside Bitcoin and other leading digital assets. Traders and market experts are keenly observing whether XRP can maintain its upward momentum and break through critical resistance levels.
**XRP’s Recovery Amidst a Resilient Crypto Market**
After dipping below $2 in February, XRP experienced a notable rebound, coinciding with a broader market downturn that saw Bitcoin fall below $80,000. However, confidence in the crypto market was reignited following U.S. President Donald Trump’s announcement of a Crypto Strategic Reserve. This initiative aims to incorporate digital assets like XRP, Solana, and Cardano into the financial system, sparking a surge in investor enthusiasm.
Following Trump’s announcement, XRP surged by an impressive 50%, reaching $2.69. Analysts have identified strong support levels at $2.60 and $2.77, suggesting that the rally could continue if XRP remains above these thresholds. Market sentiment has turned bullish, with traders eyeing the crucial resistance level at $3.40 as the next significant barrier for further gains.
**Analysts Predict XRP Could Reach $70 by 2027**
Dark Defender, a respected crypto analyst, has projected that XRP could soar to $77.7 in the coming years. He referenced Elliott Wave analysis, which indicates that XRP’s price movements follow a five-wave pattern. Based on historical price surges, the next major rally could see XRP reaching $18 in the short to mid-term before potentially climbing toward the $70 range by 2027. Other analysts, including CasiTrades, have echoed these optimistic sentiments. CasiTrades noted that if XRP can maintain support at $2.92, it could push higher, with short-term targets set at $3, $4.20, and $5. Additionally, Ripple whales accumulated 270 million coins over the weekend, signaling strong institutional demand and reinforcing expectations for an extended rally.
**Breaking the $3.40 Barrier: A Crucial Step Forward**
Despite recent gains, Ripple faces significant resistance at the $3.40 mark, a level that has historically hindered upward movements. Analysts believe that breaking through this barrier could open the door for a move toward $5 and beyond. Currently, the cryptocurrency is trading within a narrow range, with support holding between $2 and $3. Market experts caution that if XRP fails to overcome this resistance, it may enter a consolidation phase before making another attempt to rise. As previously discussed by ETHNews, Elliott Wave projections suggest that if Ripple successfully breaks past $3.40, it could set the stage for a remarkable upward trajectory.
