XRP About to Explode? The 'Gold' Buying Zone at $2.7 Could Pave the Way for a Rise to $5

XRP has been under pressure in recent days, trading just below the $3 mark after a series of pullbacks reflecting the overall cooling in the crypto market. However, according to technical analysis shared by crypto analyst Nehal, this asset may be approaching an important accumulation zone. According to his outlook, this could set the stage for a bullish breakout that drives XRP to at least $5 before the end of 2025. XRP Drops Below $3; This Is The Time To Buy After reaching a peak above $3.35 at the beginning of August, XRP has faced steady selling pressure along with the rest of the crypto market. This has caused the cryptocurrency to drop below $2.90 and fall into the 2.80 zone. Unless there is broader bullish momentum, this downward trend may continue in the upcoming trading session, but technical analysis on the 6-hour candlestick chart suggests that a strong recovery may be very close. In a post on social media platform X, Nehal described the $2.7 level as one of the clearest support levels on the XRP chart, while noting that this level has the lowest probability of being broken to the downside. According to the analyst, the number of buyers waiting at this price level makes it increasingly difficult for the asset to drop deeper.

He placed a buy order in the range of $2.76 to $2.8, and this zone is the ideal entry point for traders looking to accumulate before the next major bullish surge. This analyst recommends that XRP is unlikely to drop any further, making the current price "too attractive" for sidelined investors to ignore. Breakthrough Target on the Road to $5 Nehal's chart shows a bullish recovery scenario, in which XRP rises from the zone of $2.75 and begins to conquer multiple resistance levels. The first resistance level is $3.04, which was the initial 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 the order block at $3.42 in July. The final step in Nehal's recovery prediction is the resistance level of $3.61, just below the all-time high of $3.65 achieved in July. Breaking through this level not only marks a complete recovery after the recent pullback but also puts XRP on a path to explore prices in new zones. Each of these milestones acts as a springboard for a broader breakout, which he expects will take XRP to at least $5 before the end of 2025.

At the time of writing, XRP is trading at $2.86 and is gradually approaching the buying/recovery zone of $2.75. However, the recovery does not necessarily require a perfect retest of this level. Instead, XRP's price could recover at any level between $2.76 and $2.80.