XRP Price Forecast: Potential $3.70 Recovery as XRP Challenges Triangle Resistance

Ripple’s XRP is currently teetering near a critical resistance level, prompting speculation about whether the digital asset can surge back to the $3.70 mark last seen during the 2018 bullish period. This speculation has been further fueled by a bold forecast from a prominent crypto analyst, who recently shared a chart suggesting a possible move to $3.70 based on a descending triangle pattern, typically viewed as bearish in technical analysis, despite the analyst’s bullish stance.

The XRP community has met this forecast with some skepticism, as descending triangles commonly precede downward movements unless a clear breakout occurs, highlighting the importance of confirming any shift in market direction.

As of September 11, 2025, XRP was trading around $3, exhibiting a 24-hour trading volume of $4.35 billion, showcasing stability following recent market fluctuations. With a circulating supply of approximately $178.65 billion and 59.55 billion tokens in circulation, XRP remains a major player in the global cryptocurrency market, despite doubts surrounding its technical chart patterns.

Expert opinions on XRP’s future are mixed, with some analysts cautioning against overly optimistic interpretations of the chart and emphasizing the need for confirmation over resistance. Increased skepticism among investors stems from macroeconomic uncertainties, regulatory changes, and technical ambiguities in XRP’s chart, which has hindered the materialization of bullish predictions since the asset’s peak in 2018.

XRP’s current position near the $2.98-$3.00 resistance range, with support levels between $2.89 and $2.92, presents both challenges and opportunities for the asset. The Relative Strength Index (RSI) sitting at 51.59 signals neutral momentum, leaving room for a potential rally if catalysts emerge, including the awaited approvals for U.S. and European XRP spot ETFs.

Moreover, Ripple’s recent collaborations with institutions like Spanish banking giant BBVA on digital asset custody solutions align with Europe’s regulatory framework, positioning XRP as a compliant and scalable option for traditional finance. However, caution is advised as on-chain data suggests a significant increase in XRP transfers to exchanges, indicating potential profit-taking or selling pressure that could limit upward momentum.

While some analysts anticipate a rally to $3.70, the lack of confirmation beyond the descending triangle’s upper boundary raises questions about the feasibility of such a surge. The future path to $3.70 for XRP hinges on a decisive breakout or breakdown, emphasizing the importance of monitoring market signals and regulatory developments to navigate the asset’s volatile landscape.