XRP has been under pressure in recent days, trading just below the $3 mark after a series of pullbacks that echoed the wider cooling seen across the crypto market. However, according to a technical analysis shared by crypto analyst Nehal, the asset may be approaching a key accumulation zone. According to his outlook, this could set the stage for an explosive rally that carries XRP to at least $5 before the end of 2025.
XRP Dips Below $3; Here’s When To Buy
After hitting highs above $3.35 earlier in August, XRP has since faced steady selling pressure alongside the rest of the crypto market. This in turn, has seen the cryptocurrency dipping below $2.90 and into the $2.80 zone. Unless there’s a wider bulllish momentum, this decline may continue into the coming trading session, but technical analysis of the 6-hour candlestick timeframe chart shows that a major rebound could be very close.
Related Reading
In his post on the social media platform X, Nehal described $2.7 as one of the clearest support levels on XRP’s chart, noting that it carries the lowest probability of being broken to the downside. According to the analyst, the number of buyers waiting at this price range makes it increasingly difficult for the asset to fall further.
He personally set his buy orders between $2.76 and $2.8, and this zone is the ideal entry point for traders looking to accumulate before the next big rally. The analyst advised that XRP is unlikely to go much lower, making current levels “way too juicy” for sidelined investors to ignore.
Breakout Targets On The Path To $5
Nehal’s chart shows a bullish rebound scenario where XRP rises from the $2.75 zone and begins reclaiming multiple resistance levels. The first resistance level is at $3.04, which was initially a support level that prevented any breakdown below the $3 price level throughout last week. From here, the next price target is $3.23, followed by an order block level of $3.42 in July.
Related Reading
The final step in Nehal’s projected rebound is the $3.61 resistance level, which sits just below the all-time high of $3.65 reached in July. Breaking through this level would not only mark a full recovery from the recent pullback but also place XRP on course for price discovery in new territories. Each of these milestones serves as a stepping stone to a wider breakout, which he expects to carry XRP to at least $5 before the end of 2025.
At the time of writing, XRP is trading at $2.86 and is steadily approaching the $2.75 buy/rebound level. However, a rebound does not necessarily require a perfect retest of this level. Instead, the XRP price may rebound anywhere between $2.76 and $2.8.
Featured image from Getty Images, chart from Tradingview.com
