Analyst Who Identified XRP Roadblock at $3.4 Highlights What to Expect Next

A well-known market analyst who previously discussed the recent XRP pullback has identified what to expect next for the altcoin.

For context, XRP soared to a seven-year peak of $3.4 in mid-January 2025 before facing a sharp correction. The crypto asset now trades at $2.7 after a broader market pullback that also pushed Bitcoin (BTC) below $100K. 

Notably, before this pullback, Dom, a well-known market analyst, previously highlighted the key resistance level in mid-January, which has now proven to be a significant barrier. 

With the pullback in full effect, Dom has updated his analysis to discuss what might come next. The market commentator identified multiple years-long resistance levels that XRP currently faces across several pairs, including the XRPBTC, XRPXAU and the XRPTSLA pairs, among others. 

XRP/BTC Pair

For the XRPBTC pair, Dom confirmed that XRP’s performance against Bitcoin shows an ongoing battle with a key resistance range between 0.000028 and 0.00003415 BTC. Notably, this level has rejected XRP nine times over the last seven years. Every time XRP successfully broke through, it recorded at least a 150% surge. 

Last month, the pair was rejected at the all-time high VWAP and has since clawed back toward the same resistance zone. A decisive breakout from this level could trigger a major price expansion. At press time, the pair hovers around 0.00002785.

XRP Dominance Still Fighting for a Breakout

The analyst then highlighted the XRP dominance (XRP.D) chart. For context, the dominance of XRP in the overall crypto market has also faced resistance. Dom confirmed that the critical level to overcome is between 5% and 6% of the total market cap. Currently, XRP’s dominance stands at 4.93%. 

Last month, it saw a rejection from this exact zone. If XRP can fully surpass this threshold, Dom believes the asset could capture as much as 12% of the entire market cap, translating to a $377 billion market cap. Such a valuation could push XRP price above $6.5, a new all-time high.

XRP Against Gold

Meanwhile, Dom further indicated that when denominated in gold (XAU), XRP faces a major barrier at the 0.001 to 0.00125 range. Three weeks ago, it attempted to break through but faced rejection. 

This zone has been a crucial resistance level over the past seven years. The XRPXAU pair currently trades at 0.00092. Dom suggests that watching how this chart develops will provide additional confirmation for XRP’s next move.

XRP’s Struggle Against NASDAQ 100

In addition, XRP’s price action against the NASDAQ 100 shows an ongoing battle with a seven-year resistance zone, according to Dom. The critical range to overcome is between 0.12 and 0.15 (adjusted for NASDAQ 100 * 1000). 

Last month, the price attempted a breakout but failed. The pair now trades at 0.122. Notably, a successful breakout in this pairing would further confirm bullish momentum.

XRP Holds Strong Against Tesla Stock

Dom further called attention to XRP’s price against the Tesla stock. He noted that the XRPTSLA pair has been one of the strongest-performing pairings. 

The resistance range in this case is between 0.0067 and 0.0081, a major level over the last five years. The pair currently trades at 0.00756. Unlike other XRP pairings, this one rebounded swiftly after a liquidation event, showing relative strength in the market.

XRP/USD Faces Its Most Critical Resistance

Meanwhile, the most important resistance level for XRP remains between $3.15 and $3.50. As highlighted in his previous analysis last month, XRP recently retested this area on the back of the run that began last November. However, the resistance was formidable.

Over the last two months, the price has been battling this historical zone. Given that this marks the previous all-time high, a breakout above this level would put XRP into price discovery mode. However, XRP has yet to clear this level convincingly.

What’s Next for XRP?

Dom believes that if XRP can fully break through the $3.15–$3.50 range, it could experience a rapid 100% move, potentially reaching new highs. However, for this scenario to play out, the overall market needs to turn bullish. Bitcoin must reclaim strength and push past its own resistance.

Alternatively, he suggested that XRP could break these levels if it receives a fundamental boost, such as inclusion in a strategic reserve, the approval of XRP ETFs, or a surge in investor enthusiasm if the lawsuit appeal is dismissed.

(2/2)
Above is a chart of XRP denominated in Tesla

Price is still trying to fully clear the largest resistance over the last 5 years

This chart has particularly remained stronger than the rest as we pushed right back in after the liquidation event…
Above is the most important… pic.twitter.com/YveOynMbsE

— Dom (@traderview2) February 16, 2025

For now, XRP remains at a pivotal point. A market-wide expansion could be the major factor that determines whether the crypto asset achieves its next major breakout.