XRP Falls Below $3 Amid Divide: Could It Hit $2 or $15

- XRP drops below $3, testing key support amid bearish signals. - Analysts remain split as long-term setups point to $5 or higher. On September 22, 2025, Cointelegraph reported that XRP fell below $3 for the first time in months. This drop reignited debates among analysts about its short- and long-term trajectory, marking a pivotal point for the cryptocurrency. While bearish technical indicators hint at further declines, bullish macro trends suggest the potential for significant gains. Cointelegraph also highlighted several technical indicators flashing red for XRP, which suggest a possible short-term correction. A descending triangle pattern has appeared on the daily chart, a formation that is typically a harbinger of additional price dips. If the price breaches the support trendline within this formation, XRP could plunge another 26% to reach $2.07. To compound bearish concerns, XRP currently trades below its 50-day and 100-day simple moving averages, reinforcing the downward pressure. The Relative Strength Index (RSI) also continues to weaken, signaling growing selling activity. Meanwhile, the Net Unrealized Profit/Loss (NUPL), a key on-chain metric, shows XRP is in a zone historically associated with local tops that often precede cycles of profit-taking and increased selling. In contrast, several analysts remain optimistic about XRP’s long-term potential. On its weekly charts, the cryptocurrency displays a bull flag pattern that has been forming since November 2024. This pattern is a sturdy bullish signal that indicates a potential breakout as high as $15, offering a counter-narrative to the recent declines. Several analysts support this bullish outlook. For example, market analyst CryptoBull predicts a rally to $5 as soon as October. Similarly, Egrag Crypto points to an ascending triangle pattern on monthly charts and forecasts a surge to $27. Adding to the optimism, XForceGlobal’s Elliott Wave analysis projects a cycle peak above $20. These interpretations suggest that XRP's current dip could merely represent a healthy technical retracement within a broader uptrend. This split between short-term bearish outlooks and long-term bullish projections underscores the market's conflicting expectations as traders and investors continue to digest XRP’s recent price movements. According to CoinMarketCap on September 22, XRP (XRP) was trading at $2.863 as of 15:08 UTC, and its 24-hour trading volume had decreased by 3.854%.