TLDR

• XRP price surged 10.5% in 24 hours, reaching above $2.50
• Analyst Dom suggests XRP could break resistance against Ethereum, potentially gaining 160%
• Active XRP addresses increased by 620% in one week (from 74,589 to 462,650)
• Analyst EGRAG Crypto identified a weekly channel pattern similar to XRP’s 2017 rally
• If the 2017 pattern repeats, XRP could reach $27-$33 within 28 days

XRP has made an impressive comeback in the crypto market, jumping 10.5% in the last 24 hours and pushing above the $2.50 mark. The digital asset experienced high volatility over the past week, fluctuating between $1.90 and $3.00.

Several market analysts are now pointing to data suggesting this upward trend might continue, with some even predicting XRP could overtake Ethereum as the second-largest cryptocurrency by market cap.

Crypto analyst Dom highlighted an important chart pattern showing XRP approaching what he calls its “largest resistance in history” against Ethereum. According to Dom, if XRP breaks through this key 0.012 resistance level, it could trigger a parabolic price movement.

“Previous breakouts through this resistance have resulted in gains of at least 160%,” Dom noted in his analysis. He added that even half of such a move would be enough for XRP to flip Ethereum in market capitalization.

This potential flippening would mark a major shift in the crypto hierarchy not seen since 2018, when XRP briefly overtook Ethereum in market value during the last bull cycle.

#XRP – Snapshot 🖼️Cycle ($27-$33 by May 2025)

Sometimes, I throw myself under the bus with time predictions ⏳, but honestly, it’s worth sharing with the community! Even though I know it might backfire, I still give it a shot.

Now, let me be clear—I never try to time the market… pic.twitter.com/hke20QC11Q

— EGRAG CRYPTO (@egragcrypto) March 4, 2025

Adding to the bullish outlook, analyst Ali Martinez reported a dramatic increase in XRP network activity. According to his data, active XRP addresses have surged by 620% in just one week, jumping from 74,589 to 462,650 addresses.

This spike in network activity often precedes price movements, as it indicates growing interest and engagement with the cryptocurrency.

Network metrics are particularly important indicators for determining the health and potential growth of a cryptocurrency. The substantial increase in active addresses suggests more users are either sending, receiving, or interacting with XRP in some way.

Technical Analysis

In another technical analysis, crypto analyst EGRAG Crypto identified what appears to be a weekly channel formation in XRP’s price action. EGRAG drew parallels between current market conditions and XRP’s historic breakout in 2017.

During that 2017 rally, XRP recorded gains of approximately 2,500% over 175 days, moving from the lower end of its price channel to a cycle high. EGRAG noted similar conditions forming now, with XRP’s 21-day Exponential Moving Average (EMA) closing above the channel.

If this 2017 pattern repeats, EGRAG suggests XRP could surge to the Fibonacci 1.618 level, with price targets between $27 and $33. Even more striking is the timeframe EGRAG projects for this potential move—just 28 days.

Such a rapid price increase would represent one of the most dramatic rallies in recent crypto history and could potentially trigger broader altcoin market growth.

As of press time, XRP is trading at $2.42, with open interest in XRP futures contracts growing by 4% to reach $3.28 billion. Open interest refers to the total number of outstanding derivative contracts that have not been settled, and increases in this metric often signal growing market participation.

For XRP to continue its upward momentum, analysts suggest the price must maintain support above the $2.42 level. Some market watchers have expressed caution, noting potential risks of XRP dropping to $1.50 if current support levels don’t hold.

The recent price action comes amid broader recovery in crypto markets, though XRP’s performance has outpaced many other major cryptocurrencies in the short term.

Trading volumes for XRP have also increased during this period, reflecting higher market participation and liquidity. Higher volumes generally support more stable price movements and can help sustain rallies.

While many factors could influence XRP’s future price action, including regulatory developments and overall market conditions, the technical indicators and on-chain metrics currently paint a positive picture for the cryptocurrency.

It remains to be seen whether XRP can break through its historical resistance against Ethereum and achieve the dramatic gains some analysts are predicting. However, the combination of increased network activity, growing open interest, and favorable technical patterns has created a foundation for potential upside.

As with all cryptocurrencies, investors should be aware that market conditions can change rapidly, and historical patterns don’t guarantee future results.