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XRP Price Forecast: Can XRP Break $3.70 Resistance?
A prominent crypto analyst’s bold prediction of an XRP rally to $3.70 has stirred discussions among traders and market observers. As XRP trades near $3, experts remain divided on whether the cryptocurrency’s technical setup signals an imminent breakout or a bearish continuation.
Technical Analyst Predicts XRP Rally to $3.70
On August 25, 2025, crypto analyst @ali_charts posted a chart forecasting a potential XRP price surge to $3.70. This prediction is based on a descending triangle pattern—a chart formation often associated with bearish trends. Despite the pattern’s usual implications, @ali_charts maintains a bullish stance, highlighting the possibility of a breakout.
However, skepticism persists within the XRP community. Many note that descending triangles typically lead to downward price movements unless a decisive breakout occurs. One analyst on social media, @TheSharkChart, cautioned, “Descending triangles tend to be bearish unless confirmed by a breakout,” urging traders to seek clear resistance confirmation before expecting upward momentum.
XRP Price Stability Amid Market Volatility
As of September 11, 2025, XRP is trading steadily around the $3 mark, with a 24-hour trading volume of approximately $4.35 billion, according to CoinMarketCap. The token experienced a modest 1.48% increase in the last 24 hours, reflecting relative stability after recent fluctuations. CoinGecko reports a similar price level of $3.00 and highlights a 6.40% price increase over the past week.
With a circulating supply of about 59.55 billion tokens and a market capitalization near $178.65 billion, XRP remains among the top cryptocurrencies by value. This resilience comes despite uncertainties surrounding its technical chart formations.
Mixed Analyst Perspectives Reflect Market Uncertainty
Market sentiment remains divided. Some analysts emphasize caution, given XRP’s technical structure and broader macroeconomic challenges. The skepticism is further fueled by historical disappointments—such as XRP’s peak near $3.84 in January 2018, which has yet to be surpassed.
Meanwhile, alternative cryptocurrencies like $AXOL have seen increased attention, capitalizing on XRP’s ongoing debate. Twitter user @NeonDoge388 expressed frustration with recurring bullish forecasts that have not materialized, highlighting a cautious investor mindset amid regulatory and market pressures.
XRP Nears Key Resistance Levels as ETF Speculation Grows
Technically, XRP is navigating resistance between $2.98 and $3.00, with support identified near $2.89 to $2.92. The Relative Strength Index (RSI) currently stands at 51.59, indicating neutral momentum with potential room for upward movement if favorable catalysts emerge.
One such catalyst is growing anticipation around the approval of U.S. and European XRP spot ETFs. Speculation about a Grayscale XRP ETF or similar products has generated positive sentiment. Crucial regulatory decisions expected in October could significantly impact XRP’s price trajectory, potentially acting as a double-edged sword.
Adding to this momentum, Ripple has been expanding its institutional presence, including recent collaborations with Spanish banking giant BBVA to develop digital asset custody solutions. These initiatives align with Europe’s Markets in Crypto-Assets (MiCA) regulatory framework, positioning Ripple as a compliant and scalable option within traditional finance.
On-Chain Data Offers a Mixed Picture
While some signals appear positive, on-chain data introduces caution. CryptoQuant reports that around 670 million XRP tokens were moved to exchanges like Binance since early September. Such large transfers might indicate upcoming profit-taking or selling pressure, which could limit upward price movement.
Additionally, the XRP Ledger’s Total Value Locked (TVL) fell to $98 million, accompanied by a decline in decentralized exchange (DEX) trading volume. Reduced DeFi activity on the network could temper bullish expectations unless offset by increasing institutional adoption.
The path toward $3.70 hinges on whether XRP can decisively break above the $3 resistance zone. A successful breakout could validate optimistic forecasts like those from @ali_charts, potentially driving prices higher.
Conversely, failure to surpass this resistance might lead to a downward move toward support levels near $2.80. Investors and traders are advised to monitor price action, on-chain movements, and regulatory developments closely, as these factors will shape XRP’s near-term trajectory.
