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XRP is attempting to move above the 200 EMA and the $1.55 level as analysts monitor whether the token can break its months-long descending channel. Market analyst EGRAG CRYPTO said the move could show short-term strength if XRP secures a weekly close above that level. Still, the broader structure remains corrective until the price pushes above $2.20. At the same time, derivatives activity has contracted, and market observers are debating whether the token could eventually support large-scale settlement across global markets.
EGRAG CRYPTO said XRP recently started pushing above the 200 EMA. The analyst shared the observation in a post on X on March 4. The analyst explained that XRP still trades inside a descending channel on the weekly timeframe. That channel has shaped the asset’s price action for months and continues to define the current trend.
According to the analysis, XRP price must close above $1.55 on the weekly chart to weaken the present downward structure. Such a move would show that buyers regained some short-term control.
A stronger confirmation would come with a weekly close above $2.20. The analyst said that level would invalidate the broader bearish structure that formed during the recent corrective phase. If that breakout occurs, the analysis pointed to potential targets between $2.70 and $3.60. These levels mark areas where the altcoin’s price could move if the descending channel breaks.
Meanwhile, the analyst warned that failure to reclaim $1.55 could send the price lower. Under that scenario, XRP could decline toward $1.26.
The analysis also mentioned a possible sweep of macro support between $0.95 and $0.85. EGRAG CRYPTO assigned a 55% to 65% probability to a deeper sweep and a 35% to 45% chance of an early breakout reclaim. “Structure > Emotion,” the analyst wrote while explaining the chart setup.
While the altcoin tests resistance levels, derivative activity has declined across the market. Analyst Amr Taha previously reported that XRP futures open interest dropped sharply during recent months.
According to Taha, open interest has fallen about 70% since October 2025. The figure now stands near $203 million. Data from Binance shows a similar contraction. Open interest on the exchange slipped below $270 million.
Those levels last appeared in April 2025. That period came shortly before a large market rally. Historically, such declines often occur when leverage leaves the market. Traders sometimes view these resets as conditions that precede local bottoms.
Still, analysts note that reduced open interest does not guarantee a rebound. The market must still reclaim key technical levels before momentum changes. As XRP approaches resistance, traders now watch the altcoin’s weekly movement closely. Could the asset break out of its descending channel, or will the corrective trend continue?
Digital Ascension Group CEO Jake Claver offered a longer-term perspective on XRP’s potential trajectory. He argued that the token could reach three-digit or even four-digit territory before 2030. Claver made the comments during a recent YouTube discussion. He connected his forecast to utility, liquidity, and a potential supply shock tied to institutional adoption.
According to Claver, XRP must reach higher price levels before large-scale settlement can occur across tokenized markets. He argued that low-priced assets cannot process settlement flows tied to equities, foreign exchange, commodities, and tokenized real-world assets.
“I really think three and four digits are both possible before the Clarity Act,” Claver said. He added that three-digit prices appear more likely before the law arrives, while four-digit prices could follow afterward.
Claver explained that settlement usage requires higher liquidity and price levels. In his view, XRP must reach a certain scale before institutions rely on it for large financial transfers.
He also said banks already hold digital assets to settle transactions. Claver cited authority from the OCC while arguing that XRP already holds commodity status in the United States.
He referenced XRP’s listing on Bitnomial against the U.S. dollar alongside Bitcoin and Ether.
Claver also suggested that a crisis moment could create a supply shock. Such a scenario could push XRP toward three-digit prices if institutional demand accelerates.
In another video, Claver addressed whether XRP could still gain value by 2030 if broader adoption slows. He said the asset could still appreciate, though exponential growth would require simultaneous demand from institutions, exchanges, markets, and retail participants.
Also Read: XRP Sell-Off Could Continue with Weakening Retail Interest
XRP continues to test the 200 EMA and the $1.55 resistance while trading inside a descending channel that still controls the broader trend. Analysts say a weekly close above $1.55 could weaken downside pressure, while $2.20 remains the key level that would shift the structure toward a bullish outlook.
