The Fear and Greed Index recovered from a record low of 15 it booked a couple of weeks ago to 52 as of this morning, meaning that market participants are now less concerned about the state of the market.

This supports a bullish outlook for crypto assets including XRP and it has translated into multiple bullish breakouts above key moving averages.

Just a few days ago, Ripple announced that investors and traders will now be able to borrow Ripple USD (RLUSD) – the project’s new stablecoin – through the well-known AAVE protocol.

This is another important step from the blockchain company to fuel the adoption of its stablecoin to achieve its mission of becoming the leading decentralized payments platform.

Data from CoinMarketCap indicates that RLUSD’s market cap has expanded from around $60 million in early March to nearly $300 million at the time of writing, resulting in a 400% increase in just two months.

Higher demand for RLUSD means higher transaction volumes within the Ripple network and higher demand for XRP – the blockchain utility token.

Meanwhile, the price action for XRP recently showed that its latest Elliott Wave has now been completed.

XRP Could Keep Rallying to $2.5 in This Scenario

The hourly chart shows that the price has entered a stage of consolidation as it waits for further liquidity to trigger the next move.

A couple of scenarios emerge by using the latest Elliott Wave levels as a reference to identify key resistance and support areas to watch.

The bullish scenario would see the price breaking above the 5 wave, which sits at $2.2350 and triggering the beginning of a new Elliott wave that could propel XRP to $2.5 in the near term.

A brief pullback toward the $2.23 level would be expected following this bullish breakout. As long as that support holds, this bullish scenario would be intact.

After the first breakout, the price could retrace to the $2.3 resistance (now support) and then make its move to the $2.4 – $2.5 level as the first plausible target.

Meanwhile, a bearish scenario would see XRP dropping below the $2.12 support and dropping to around $2.03 – $2.06 in the near term.

The market structure is bullish at the moment as the price action is on an uptrend. Hence, the bullish scenario has the higher odds of both.

Momentum indicators have cooled in recent hours as the market enters a consolidation phase, with the upcoming U.S. session likely to inject the liquidity needed for a breakout — in either direction.

While traders await the next major move, top crypto presales like SUBBD are gaining steam, attracting fresh capital as overall sentiment shows signs of recovery.

SUBBD Raises More than $250K to Launch a Decentralized Content Distribution Platform

SUBBD (SUBBD) is positioning itself as a disruptive alternative to platforms like OnlyFans — offering creators more control, better earnings, and full ownership of their content through blockchain-based distribution.

The SUBBD token offers fans a way to access VIP content, early access to extra features, and discounts on subscriptions, among other perks. For creators, it allows them to vote on key governance decisions about the platform and access tools that help them monetize their AI-generated content.

The platform has already been embraced by thousands of influencers with a combined fan base of 250 million followers.

As SUBBD’s adoption accelerates, the demand for its utility token will too. At its discounted price of $0.05525, analysts coincide that its upside potential is huge as demand should skyrocket as the protocol becomes more and more popular among creators and fans.

To buy SUBBD, simply head to the SUBBD website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH for this token or use a bank card to make your investment.

The post XRP Price Prediction: How High Will This ‘Elliott Wave’ Impulse Push XRP? appeared first on Cryptonews.

XRP has been one of the main characters in the current bull market following an impressive rally in November and certain macroeconomic and potential legal developments. Currently, the prominent altcoin is experiencing some minor price gains after a rather turbulent trading week in the crypto market.

Meanwhile, popular analyst Egrag Crypto has backed XRP’s potential for both short-term and long-term price gains despite the present high level of uncertainty in the crypto market.

Bullish Outlook: XRP Tipped To Reach $20 – $66 

In a recent X post on March 1, Egrag Crypto provided some future projections of the XRP market using the Elliott Wave Theory – a technical analysis method based on five repeating wave patterns in market cycles. According to Egrag, XRP has since completed Wave 1 following its 510%  price surge in Q4 2024.

Currently, the altcoin is navigating Wave 2, which is usually a corrective pattern defined by an expanded or irregular flat formation. Egrag predicts the wave may result in a price decline to around $1.77 forming a bearish trap before a quick reversal to around $3.7 – $3.9.

Thereafter, XRP is expected to initiate Wave 3 which is usually the most explosive, aggressive, and parabolic phase in the Elliot Wave Theory, fueled by a strong bullish sentiment. Egrag Crypto explains that Wave 3 is typically 1.618 times Wave 1 suggesting a potential 800%-1,000% price surge to $17 – $20.

Following Wave 3, XRP would slip into Wave 4, which is another corrective phase. Similar to Wave 2, this is a healthy correction before the final price surge. Egrag projects that Wave 4 could force the fourth-largest cryptocurrency to return to around $6 -$7.

Finally, Wave 5 will commence after the final correction. This is the last phase of the Elliot Wave Theory and is characterized by a bullish euphoria and high market entry by new investors. According to the analyst, the price targets for Wave 5 have historically varied including (Inverse 1.238 – I.618 times Wave 4) which would result in a price around $20-29.

Alternatively, Wave 5 could also be equal to Wave 1 and produce a 510% on the Wave 4 price stop ($6 – $7) indicating a potential target of around $44. Egrag Crypto states the final possibility of Wave 5 is 61.8% of (Wave 1 plus Wave 3) hinting at an XRP price goal of $66.

XRP Market Outlook

At the time of writing, XRP trades at $2.23 following a 1.74% price increase in the last 24 hours. However, daily trading volume activity has crashed by 58.53% and is now valued at $3.29 billion. Generally, sentiments around XRP remain bullish despite its recent trading woes. In particular, there is high hope that the US Securities and Exchange Commission will drop its appeal case against Ripple following similar actions with Gemini, Coinbase, and Robinhood.

Featured image from Tradeshala, chart from Tradingview