As Ripple's XRP hovers near a crucial resistance zone, speculation is mounting over whether the digital asset can reclaim the $3.70 level last seen during the 2018 bull market.

A bold forecast from a leading crypto analyst has reignited the debate on XRP’s short-term trajectory, with traders closely watching both technical indicators and market sentiment.

Technical Analyst Calls for XRP Rally to $3.70

The conversation around XRP price prediction intensified after crypto analyst @ali_charts shared a chart on social media indicating a potential move to $3.70. The prediction, posted on August 25, 2025, is based on a descending triangle pattern—a formation often seen as a bearish signal in technical analysis. Despite that, the analyst remains bullish.

XRP is expected to retest the $3.70 level in the near future. Source: Ali Martinez via X

However, many in the XRP community have met the forecast with skepticism, noting that descending triangles typically precede downward moves unless a clear breakout occurs.

XRP Price Today: Holding Near $3 Amid Market Caution

As of September 11, 2025, XRP was trading around $3, with a 24-hour trading volume of $4.35 billion, according to figures given by CoinMarketCap. The token increased 1.48% in the previous 24 hours, showing stability following recent volatility. Other exchanges like CoinGecko also reference the XRP price at $3.00 and show an increase of 6.40% in the past week.

XRP was trading at around $2.997, down 0.53% in the last 24 hours at press time. Source: XRP price via Brave New Coin

The circulating supply of XRP is approximately $178.65 billion, and its circulating supply is 59.55 billion tokens. These statistics place XRP firmly in the top cryptocurrencies globally in terms of value despite the fact that there is doubt about its technical chart patterns.

Expert Reactions: Mixed Signals in the Market

Analysts are divided. Some, like @TheSharkChart, have cautioned against too optimistic a reading of the chart. “Descending triangles tend to be bearish unless confirmed by a breakout,” urging traders to hold out for confirmation over resistance.

Other alternative cryptocurrencies like $AXOL have tried to catch a ride on the controversy, while skeptics like @NeonDoge388 were tired of repeated bullish predictions that have not materialized since XRP’s peak at $3.84 in January 2018.

The mood is a reflection of broader investor skepticism against macroeconomic headwinds, regulatory shifts, and technical uncertainty in the XRP chart.

XRP Tests Key Resistance Amid ETF Hype

From a technical perspective, XRP is trending in the vicinity of the $2.98–$3.00 resistance area, with underlying support between $2.89 and $2.92. The Relative Strength Index (RSI) stands at 51.59, reflecting neutral momentum and with room for a likely rally if catalysts emerge.

One key catalyst is the heightened speculation regarding approvals for U.S. and European XRP spot ETFs. The possibility of a Grayscale XRP ETF or a similar product has energized investor sentiment. Key regulatory news is due to be announced in October, which can be a price driver both ways.

To this momentum, Ripple’s expanding institutional footprint, recent joint work with Spanish banking giant BBVA on digital asset custody solutions, is added. These are steps that are aligned with Europe’s MiCA regulatory framework, thus making Ripple XRP a compliant, scalable option for traditional finance.

Ripple XRP Price Prediction: On-Chain Activity Sends Mixed Signals

While there is the good, there is also caution. On-chain CryptoQuant data indicates about 670 million XRP were transferred to exchanges such as Binance since early September. The increase may signal future profit-taking or selling pressure that could cap upside potential.

XRPUSDT is showing early bullish momentum, with a breakout from the falling wedge pattern pointing to potential gains toward $3.25 and $3.37 if it holds above $2.90. Source: Lingrid on TradingView

Moreover, XRP Ledger TVL dipped to $98 million, coupled with the drop in decentralized exchange (DEX) volume. This translates into less DeFi activity on the network, something that can lower bullish expectations unless it is offset by institutional adoption.

The XRP price prediction for 2025 remains speculative. While analysts @ali_charts are expecting a potential rally to $3.70, this does not have support from peer-reviewed models or general acceptance. The lack of confirmation beyond the upper boundary of the descending triangle leaves the bulls’ argument untested.

Looking Ahead: Road to $3.70 Depends on Breakout or Breakdown

As XRP fluctuates around the $3.00 mark, the market holds its breath and observes. A breakout above the resistance level could turn out to validate bullish forecasts and take the price higher to $3.70. On the other hand, failure to break the apex of the triangle could take the XRP crypto price lower to support levels of $2.80.

In the meantime, XRP traders and investors need to watch price action closely, on-chain activity, and upcoming regulatory rulings—factors that can reshape the narrative for Ripple XRP in the weeks ahead.