Can XRP Price Hit $3 In the Next 60 Days or A Crash to $1.5 Imminent?

Key Insights:

• XRP price jumps 2% to $2.25 amid broader crypto market recovery.
• Analysts predict a potential rise to $3 or $3.40 if Ripple price breaks key resistance.
• XRP must hold $2.22 support to avoid a crash to $1.80 or $1.35.

XRP price has surged more than 2% today, sparking optimism among investors amid the broader crypto market recovery. Besides, the crypto market fear and greed index showed that the current sentiment is neutral, hinting that the investors might continue to hold the market in the green.

Amid this, renowned analysts have shared bullish outlooks on the future trajectory of Ripple price. However, despite the bullish predictions, XRP might crash to a significantly low level if it fails to hold a key support level ahead, one analyst predicts.

XRP Price Soars as Volume Rockets 90%

Ripple price today jumped more than 2% and exchanged hands at $2.25, with its trading volume skyrocketing 90% to $2.8 billion. Notably, the crypto has soared to the $2.29 mark in the last 24 hours, while its one-day low was recorded at $2.20.

With its recent surge, the XRP price’s weekly chart showed a gain of 5%. However, the crypto has still stayed in the red when looking at the 30-day chart.

Despite that, CoinGlass data showed that the XRP Futures Open Interest soared by more than 6%, reflecting renewed market interest in the cryptocurrency.

Meanwhile, it’s worth noting that the recent jump comes amid a broader crypto market recovery.

The global crypto market cap was up around 0.9% to $3.31 trillion. Bitcoin price today also jumped more than 1% and hovered near the $107k mark.

Amid this, the experts predicted that XRP price is at the make-or-break level. While any major catalyst could trigger a breakout in Ripple price, it also risks crashing if XRP fails to hold a key support level ahead.

XRP Price at Crucial Point: Here’s What to Expect

XRP price is hovering at a critical point, with analysts giving insights on whether a crash or a breakout is next. As Ripple price continues to gain traction, crypto experts have flagged key support and resistance zones that could drive its near-term trajectory.

For context, renowned analyst EGRAG CRYPTO recently highlighted a descending channel pattern, dubbing the current formation “3 Hammers & 3 Rockets.”

He predicts a bullish breakout by mid-June 2025, potentially culminating in a final rally phase by September. According to his chart, XRP price has established support at $2.22, with a potential rise to $2.40, $3, and even $3.40 if this resistance is breached.

However, he also warned that if Ripple price loses the $2.22 mark, a fall to $1.80, and possibly $1.35, could follow.

Echoing a similar sentiment, expert Dark Defender noted $2.25 as key support. He believes a break above current levels could lead to $3.39 and even $6, provided bullish momentum holds. He noted that “Our road for all-time high is open.”

XRP Price Action Expectations

Investors eagerly await the future movements of XRP. Especially with the looming deadline in the Ripple Vs SEC case. For context, both Ripple and the US SEC must file a status report in the 2nd circuit by June 16.

Having said that, many anticipate a resolution in the long-running XRP lawsuit. It could trigger a massive breakout in XRP price.

Besides, with global players lauding XRP’s potential for cross-border transactions, it seems that the crypto might continue to move north.

However, as the analyst noted, losing the key support could spark a massive selloff, which might drive its price to the $1.35 level ahead.

Considering that, the investors should exercise due diligence while entering the market amid the ongoing volatile scenario.

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