XRP price analysts bullish on $5 next, long-term target of $18

XRP (XRP) price is down 3.2% on Feb. 5, forming a low of $2.55 on the daily chart. But a rebound with a candle close above $2.70 will signal a strong trend reversal for the altcoin.

XRP price must reclaim $2.70

With the crypto market settling after President-elect Donald Trump’s tariff threats raised concerns of a trade war, traders remain optimistic about XRP price breaking out into double-digits.

Popular trader Nishant Bhardwaj highlighted that XRP’s recent rejection from the key resistance at $3.30 resulted in a “sharp pullback,” trading as low as $1.76 on Feb. 3. 

Although the price produced a strong rebound from the $2.00 demand area, the “bearish pressure still persists,” explained Bhardwaj, adding that a breakdown of the $2.50 level could see the price drop toward the $2.00 and $1.60 demand zone.

For the bullish case, the analyst said:

“XRP needs to reclaim $2.70+ for upside momentum.”

XRP’s immediate support at $2.50 is especially important, according to the liquidation heatmap from CoinGlass.

A wall of bid liquidity is building below this level, suggesting that a retest of support and a liquidity grab here is becoming increasingly likely in the short term.

Will XRP price hit $18 in 2025?

Despite the recent flash crash in XRP price, Dark Defender, an anonymous crypto analyst, said that the altcoin could hit an intermediate cycle target of $5.85 and a long-term target of $18.22 based on the Elliott Wave Theory in the monthly time frame.

“XRP had a 4th Wave on its intermediate cycle, which is highlighted in dark blue, aiming for $5.85 with the 5th Wave. On the other hand, primary cycle Waves, highlighted in light blue, still aim for $18.22.”

The market analyst has used this structure to anticipate these targets since July 2023, when the price was ranging between $0.40 and $0.50.  

His updated analysis on Feb. 5 presents a clearer picture of the potential path XRP price might take. 

Related: Ripple says XRP Ledger back online after hourlong network halt

Fellow analyst XForceGlobal also noted that XRP is in the fourth wave of its intermediate cycle in the daily timeframe, with an anticipated fifth wave pushing the price toward the $5 and $10 range.

“Utilizing the post-triangle thrust measurement, it roughly aligns with our original targets in the $5-10 range, which we’ll continue refining as the price moves higher.”

“With a 50% bounce, there’s an opportunity to complete this 5th wave,” as long as the low is protected, explained XForceGlobal.

“We got that anticipated pullback, and now we have fulfilled the minimum expectations.”

As reported by Cointelegraph, a recovery above $2.90 would confirm the restoration of a bull market structure. 

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.