In latest XRP news, the crypto is in a make-or-break situation. It can plunge to $1 or less by March 10, 2025, if it fails to go past $3.9.
This warning comes from one of the popular crypto analysts, EGRAG Crypto. He sees this resistance as crucial for XRP bulls.
EGRAG pointed out that in previous cases, Ripple’s XRP had faced harsh corrections near the Fork C resistance level. These, on average, were as bad as 74 percent.
EGRAG also pointed out that to avoid this crash, XRP has to close above $3.9 on the weekly chart and that, in terms of Fork C, it should be convincing.
This essential advancement is expected to be completed before March 10, 2025. This is rather important given that the March 14 lunar eclipse that EGRAG emphasizes was historically linked to price reductions and market fluctuations.
XRP News: Historical Patterns of Decline
Considerable reductions were also evidenced in December 2015 (-89.59%), May 2017 (-68.97%), September 2018 (-64.35%), and April 2021 (-73.39%).
The analyst then predicts that if XRP cannot convincingly break the $3.9 stronghold, it could retrace the historical narrative and sink to roughly $1.
This is evident from the frequent fluctuations of the XRP price near Fork C, which EGRAG has analyzed.
Every time this asset has hit the mentioned resistance, it has plunged downwards. For instance, in April 2021, XRP declined by approximately 73% when hitting similar resistance levels.
It also shows the importance of cracking Fork C by observing an average drop across all these instances.
Long-Term Bullish Outlook
While EGRAG forecasts short-term dips, he remains optimistic about XRP’s long-term future.
He believes that if the cryptocurrency manages to break the Fork C resistance of around $3.9 with a strong weekly close confirmation, it might easily rise to around $13–$15.
This optimistic outlook relies on XRP’s performance, which includes price volatility, to set the asset above significant resistance levels.
However, it will be important to see how XRP performs around the $3.9 resistance as the year progresses.
Potential investors are focusing on this level as a possible reversal level. Failure to break through may have serious consequences, while massive gains may follow a breakout in the next few months.
The next few weeks will be particularly important for XRP as it tries to chart its future amidst the dynamically challenging environment. XRP price is currently at $2.28 and has declined by 1.18% in the last one day.
