Renowned technical analyst Peter Brandt stirred up the XRP community on January 30 by posting a daily price chart (XRP/USDT) suggesting a “bull flag” continuation pattern. Brandt, whose reputation in charting spans decades, highlighted $4.39541 as the upper price objective based on the current market structure. “Hey XRP_pill_poppers. To be clear: I could care less what XRP is going to do. If it goes up I want to be long. If it goes down I’ve never shorted it, but prefer to troll the poppers. No other way right now to define the chart other than a bull flag. Of course this could change,” Brandt remarked. XRP Bull Flag Formation From the analyst’s vantage point, XRP rallied sharply earlier in January, pushing above $2.6040 before topping near $3.2140. Once this peak formed, the market entered a brief pullback, creating a series of lower highs and lower lows—visualized by descending trendlines on Brandt’s chart. This consolidation resembles a textbook bull flag, a pattern typically interpreted as a pause in an ongoing uptrend. Brandt’s projected breakout could target the next prominent overhead region near $3.5487, with his ultimate bullish objective in the vicinity of $4.39541. These levels—shown by green lines on the chart—indicate possible resistance areas if XRP extends its rally upon confirming the flag’s upper boundary. Two moving averages are visible on Brandt’s chart: The 8-day moving average (green line) is currently hovering just above $3.00. It is helping to define short-term support levels. The 18-day moving average (orange line) is sloping upwards from below $2.70 and reinforces the broader uptrend in play. Meanwhile, the ADX reading of 17.05 suggests that the overall trend strength is moderate, leaving room for greater momentum if price breaks decisively from the flag. A 30-day Average True Range (ATR) value near 0.2135 underscores the daily volatility, which has risen compared to earlier phases but remains contained relative to some high-beta alternative coins. Brandt’s post sparked discussion among traders, including HTL-NL (@htltimor), who noted bullish confirmations using Wyckoff analysis. “Using Wyckoff, it looks good too. Of course, if $TC takes a dive, everything suffers, but it’s one of the better looking alt charts atm,” he stated. Brandt replied with approval, stating “Good confirmation from a good source.” According to the Wyckoff-based chart shared by HTL-NL, XRP has been tracing a series of classic phases—Beginning with the Automatic Rally (AR) after a Selling Climax (SC), followed by multiple Secondary Tests (ST), and culminating in what appears to be a Sign of Strength (SoS). The SoS label often marks the point at which demand decisively overcomes supply, with price pushing above a key resistance level and maintaining support above previously tested zones. This behavior is further supported by volume signatures that show interest resurging during rallies and diminishing on pullbacks. In Wyckoff terms, a successful SoS within a re-accumulation structure typically paves the way for continued upside. The blue line labeled “BUEC” (Back Up to Edge of the Creek) suggests XRP has already retested its last major resistance as support. Should it hold these levels and confirm the SoS, Wyckoff analysts would anticipate a drive toward higher targets, aligning with Brandt’s bullish flag projection. At press time, XRP traded at $3.09. Featured image created with DALL.E, chart from TradingView.com
A well-known crypto analyst, Crypto Beast, has made a bold prediction about XRP future price trajectory, suggesting that it could reach $15 with ease under specific conditions. This interesting outlook comes amidst a consolidation of prices, which is now looking to regain momentum above $3. Banks Adopting XRP Could Send It To $15 Bitcoin was created to disrupt the traditional financial industry and compete with the existing global financial system. While many other early cryptocurrencies like Ethereum and Litecoin also built upon this premise, XRP took another approach. Its creators developed it as a solution for fast and efficient cross-border transactions, aiming to complement the existing financial infrastructure rather than replace it. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 Despite its intended role in improving financial transactions, XRP has faced years of price struggles, with long periods of decline over multiple years overshadowing its utility. This lackluster growth led many traders to lose faith, with some dismissing it as a dying asset. Interestingly, despite regulatory challenges and market downturns, the asset remained one of the top-ranking cryptocurrencies by market capitalization throughout this period. However, recent price rallies have breathed life into XRP. Particularly, this rally has seen the value of XRP grow massively since November 2024 and is now the third largest crypto in terms of market cap. This has seen sentiment around the altcoin shifting into a more optimistic direction, with some crypto analysts who doubted before now revealing bullish price targets for its price. One of these analysts is Crypto Beast, who recently shared a $15 price prediction for XRP. Speaking to his over 560,000 followers on social media platform X, Crypto Beast stated that XRP’s price could surge to $15 if banks worldwide fully integrate the token into their systems. Is $15 A Pipe Dream Or A Realistic Target There is a valid question of whether XRP can realistically trade at $15 given its tokenomics. As of now, XRP has a total supply of 99.9 billion tokens, with 57.7 billion coins currently in circulation. Its market capitalization stands at $177.6 billion, while its fully diluted valuation is around $307.8 billion. If XRP were to reach $15, its market cap would need to grow to approximately $865.5 billion, assuming no significant increase in circulating supply. This would also push its fully diluted valuation close to $1.5 trillion. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Such a surge would place XRP ahead of Ethereum in market cap rankings and within striking distance of Bitcoin. On the surface, this might seem like a challenging milestone, but it could become feasible if the asset gains widespread adoption in cross-border payments and replaces current methods like SWIFT. Consequently, the token’s demand will increase significantly, driving sustained price growth. According to Changelly, the XRP price can reach the $15 target sometime around 2033. At the time of writing, the altcoin is trading at $3.08. Featured image from Adobe Stock, chart from Tradingview.com
Renowned trader and market commentator Jacob Canfield (@JacobCanfield) has identified XRP as the standout performer among altcoins, sharing a price chart on X that underscores the token’s recent momentum. While most altcoins have suffered double-digit losses in recent days, the XRP price has held up exceptionally well. XRP Builds Strong Momentum The daily chart for the XRP/USD perpetual contract on ByBit reveals a steady climb from sub-$0.50 levels in early November to a current consolidation area around $3.10. The overall picture shows a series of higher highs and higher lows, affirming XRP’s ongoing bullish structure. The initial rally began below $0.50, gathering momentum through November and early December. By late December, XRP had reached the $2.00 region, briefly consolidating before continuing its move upward. Around mid-January, the token surpassed $3.00, topping out near $3.20 before experiencing a pullback. Related Reading: XRP Rebound Gains Traction As Bulls Aim To Sustain The Momentum Canfield’s chart highlights several key support and resistance levels, including a pink demand zone around $1.90–$2.00 that has repeatedly acted as a strong base whenever price has dipped. A sharp wick into this zone, followed by a swift recovery, suggests that bulls are consistently defending the $2.00 threshold. Higher on the chart is a black horizontal line near $2.90, which marked the local top in early December 2024 and is now serving as support. XRP’s historical support levels—marked at $0.5478, $0.3125, and $0.1778—sit far below current market prices but provide context for significant regions observed in past trading cycles. Recent candlestick patterns reflect notable volatility around $3.00. A sudden drop briefly took the market under $2.65, but the price rebounded almost as quickly. This type of sharp dip and recovery often implies sufficient liquidity and a willingness among traders to absorb sell orders. The cluster of candlesticks near $3.05–$3.10 indicates a balance between buying and selling pressure at a pivotal resistance zone; a decisive move up or down may set the tone for near-term momentum. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? In his brief yet emphatic comment—“XRP – Unironically looks like the best altcoin chart in crypto right now”—Canfield expresses a bullish view based on the chart’s clear structure and resilient demand. He points to the strength of the uptrend, well-defined support and resistance levels, and what appears to be robust interest in defending key zones. Although he has not offered explicit price targets, the chart reveals the importance of holding above $3.00 which aligns with the pivotal 0.5 Fibonacci retracement level (drawn from the mid-January peak) and potentially breaking past $3.24 (0.786 Fibonacci retracement level). In a worst case scenario, a deeper correction could revisit the $2.00 demand zone, where XRP has found considerable support in recent months. Whether XRP can sustain its position and build upon its market traction remains to be seen, but its technical framework has attracted the attention of many traders looking for altcoins with strong trend dynamics. Featured image created with DALL.E, chart from TradingView.com
After facing a significant crash to $3.7, XRP bulls are making a strong comeback, attempting to break above resistance levels and establish a new price target. With this in mind, a crypto analyst forecasts that if the asset surpasses this resistance, it could skyrocket to $3.85, potentially climbing even higher to hit the $6.5 mark. XRP Bulls Push Toward $3.85 ATH Price During the bull run in 2018, the XRP price hit its current All-Time High (ATH), skyrocketing to the $3.84 level. Now, a TradingView crypto analyst, identified as ‘Mindbloome-Trading,’ has shared a recent forecast, suggesting that XRP could surge past its ATH price to $3.85 in 2025. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue The analyst’s bullish XRP price prediction is based on key resistance and support levels, with the expectation that the cryptocurrency can break above these levels. He shared a detailed video chart analysis, highlighting the altcoin’s price action on a monthly, weekly, daily, and 4-hour basis. The TradingView analyst announced that XRP is in a bull run and showing signs of a strong upward rally. The cryptocurrency had previously broken the $2.6 price, transforming this level into a crucial support area for driving its market momentum. Forming a new resistance level at $2.7, the crypto expert disclosed that the asset must break this threshold to initiate a swift climb to $3.15. In his video analysis, he identified the price points at $3.0, $3.11, and $3.14 as critical resistance levels that, if XRP can surpass, could push it to a new all-time high target of $3.85. While the analyst is confident that XRP can hit his projected price target, he also believes that the cryptocurrency could rally even higher, potentially hitting the $6.55 mark. He explained that this surge would be highly possible, as the subsequent increase in XRP’s market capitalization would be a fair and well-supported progression. The TradingView expert also acknowledged that for the cryptocurrency to reach the forecasted $3.85 ATH, several bullish catalysts would be necessary, including a positive upward trend in Bitcoin. Possible Market Dip Ahead As XRP bulls attempt to trigger a price rally toward $3.85, Mindbloome-Trading has shared an alternative bearish scenario for the cryptocurrency if it fails to break above key resistance levels. According to the TradingView analyst, the current resistance XRP is facing is strong, raising the likelihood that the cryptocurrency may struggle to overcome it, potentially limiting its upward momentum. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ He predicts that if the altcoin fails to surpass the resistance level at $3.13 and $3.15, the cryptocurrency could face a sharp correction, potentially dropping to $3.00 or even lower, with $2.85 being the possible target. As of now, the XRP price is trading at $3.1, reflecting an 11.22% increase over the past 24 hours, according to CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
XRP is showing promising signs of recovery as it bounces back strongly, fueled by renewed bullish momentum. After facing periods of downward pressure, the cryptocurrency is now gaining traction, signaling a potential shift in market sentiment. This rebound has sparked optimism among traders, with many eyeing critical resistance levels that could unlock further gains if breached. The recent surge highlights the resilience of buyers, who appear determined to reclaim control of the market. If the bulls can sustain this momentum, XRP could rally to higher levels, positioning itself for a stronger performance in the short term. However, the market remains watchful as sustaining this recovery will require overcoming key challenges, including resistance barriers that have historically capped its upward moves. Analyzing XRP’s Resilience After $2.72 Support Test After testing the $2.72 support level, XRP has demonstrated impressive resilience, showcasing its ability to recover and build upside strength. The cryptocurrency bounced back sharply, indicating strong buying interest as support levels hold firm. This recovery suggests that the bulls are actively defending key price levels, possibly signaling a continuation of the upward trend if momentum is maintained. Related Reading: XRP Price To $5.85: Analyst Reveals Why The New Week Will Be ‘Dynamic’ XRP’s price action following the rebound from $2.72 is crucial for determining the next moves. If the bulls sustain this positive trend, it could pave the way for further gains to the $3.0 resistance level. However, any failure to hold above the $2.72 support would reintroduce bearish pressure, putting the price back under stress. Furthermore, the RSI indicator shows a promising recovery sign, rising from the oversold zone and above the 50% threshold. This shift implies growing buying strength and signals that market sentiment is turning more positive. A move above the 50% level typically indicates that bullish pressure is gaining strength, which might set the stage for a sustained rebound. Coupled with strong support levels and other technical indicators, this is likely to kickstart an upward trend, confirming the potential for more gains. XRP Price Outlook: Sustaining Momentum Amidst Market Challenges XRP’s price outlook remains positive as it continues to gain momentum despite the challenges faced in the broader market. The altcoin has recently surged past the $2.9 key resistance levels, revealing strength among the bulls. Related Reading: XRP Long-Term Potential Remains Extremely Bullish Possibility Of Price At $20 Technical indicators, such as the RSI and moving averages, suggest that the bullish trend could persist if buying pressure remains intact thereby increasing the chances of a move toward the $3.4 resistance level. Nonetheless, sustaining this strength will depend on XRP’s ability to hold the $2.9 support level. A break below this level may trigger a pullback, dampening the uptrend. Featured image from Adobe Stock, chart from Tradingview.com
XRP has faced significant selling pressure over the past several hours, causing the price to dip to new local lows around $2.65. This decline comes after a period of heightened volatility in the broader cryptocurrency market. While the long-term outlook for XRP remains bullish, the recent drop highlights risks that investors need to monitor closely. Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype Top analyst Ali Martinez shared insights on X, pointing to a critical development on XRP’s daily chart. He revealed that the Bollinger Bands, a popular technical analysis indicator, were tightening prior to the drop. This “squeezing” pattern is often a precursor to a significant price movement, signaling a shift in market dynamics. As XRP moved below key demand levels, the breakdown has left traders speculating about the next possible move. Some see this as a temporary setback within a larger bullish trend, while others warn that continued selling pressure could lead to further declines. For now, XRP is at a pivotal juncture. Investors and analysts alike are closely watching for signs of stabilization and a potential rebound, which will be critical for maintaining confidence in the token’s long-term trajectory. The coming days will likely reveal whether XRP can regain momentum or continue to face downward pressure. XRP Faces Intense Volatility Amid Speculation XRP has been at the center of market activity, with massive price swings dominating the past few weeks. The cryptocurrency has faced significant volatility, and analysts predict that the coming days could bring even more aggressive movements. Despite the turbulence, many investors view this as a strategic opportunity, maintaining optimism about XRP’s long-term growth potential. Top crypto analyst Ali Martinez recently shared a key technical insight on X, pointing to tightening Bollinger Bands on XRP’s daily chart. This pattern is often associated with periods of reduced volatility followed by sharp price movements. True to form, the anticipated move materialized, leading to a dramatic price drop of over 15% in just a few hours. This steep decline has raised questions about XRP’s immediate future. While the long-term outlook remains positive for many, the recent drop has sparked concerns that XRP may be entering a deeper consolidation phase. Such phases are often necessary for market recalibration but can test investor patience and resilience. Related Reading: Ethereum Whales Keep Buying As Price Struggles – Expert Discloses Massive Accumulation The market’s current mood is mixed, with bullish investors eyeing this period as a potential accumulation phase. Meanwhile, analysts continue to monitor key technical indicators to determine whether XRP is poised for a rebound or further downside. The coming days will be crucial in shaping XRP’s trajectory and whether it can maintain its reputation as a resilient player in the crypto space. Signs of Recovery Amid Recent Volatility XRP is trading at $2.76 following a sharp drop into the $2.65 level during recent market turbulence. Despite the downturn, the price has demonstrated resilience, recovering approximately 5% in the past few hours. This rebound has brought a sense of cautious optimism among investors and traders. For bulls to reclaim momentum and steer XRP back toward bullish territory, holding above the critical $2.80 level is essential. This mark has emerged as a key threshold for maintaining upward pressure and preventing further downside. A strong defense of this level could set the stage for a broader recovery, attracting fresh buying interest and improving market sentiment. Related Reading: Cardano Consolidates In A Symmetrical Triangle – Analyst Expects A 40% Move While XRP’s long-term outlook remains constructive, the current market environment is marked by uncertainty and heightened volatility. Traders are closely watching for confirmation of strength above the $2.80 level, which would signal that bulls are regaining control. Failure to hold this mark could result in another test of the recent $2.65 lows, potentially leading to a deeper consolidation phase. Featured image from Dall-E, chart from TradingView
A new XRP price prediction has surfaced, with a crypto analyst forecasting that the popular altcoin will experience a dynamic surge to $5.85 in the new week. Based on the Elliott Wave Theory and key technical indicators, the analysis outlines how XRP could see a significant upside after breaking out a symmetrical triangle pattern. On January 26, Dark Defender, a prominent crypto analyst on X (formerly Twitter), forecasted an XRP price surge to a new all-time high of $5.85. The analyst shared a chart illustrating an Elliott Wave pattern consisting of five waves (1 through 5) in an upward trend XRP To Break Out To $5.85 Typically, the Elliott Wave theory suggests a cyclical price movement, where Wave 3 is presented as the strongest wave with the most explosive price increases. On the other hand, Wave 4 is highlighted as a corrective phase, while Wave 5 represents the final leg of an uptrend. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 Dark Defender revealed that the current XRP Elliott Wave structure was established as early as August 2023, where Wave 3 has consistently targeted the $5.85 all-time high level. This price surge would translate to an impressive 261.8% increase, marking a dynamic shift in the new week. Once the $5.85 target is achieved, Wave 5, which is the final wave of the Elliott wave cycle, points to a longer-term price target of $18.22. Achieving this level would signify a massive 361.8% increase, marking a historic milestone for XRP. In his detailed analysis, Dark Defender also pointed out a 4-hour symmetrical triangle pattern on the XRP price chart. This unique technical formation is often a precursor of a significant price movement, which, in XRP’s case, the analyst forecasts a breakout to occur within the next 16 to 20 hours following his analysis. The breakout from the triangle pattern is expected to align with the broader upward trend. Moreover, the green circle on the chart shows that the XRP price has retested and confirmed support after breaking past the breakeven line toward the $2.4 resistance level. This move sets the stage for the analyst’s projected rally, with a primary target of $5.85 level and a secondary goal of $4.55. XRP Price Plummets 10% In One Day While the broader crypto market exhibits bullish sentiments toward XRP due to its impressive performance this year, the popular altcoin is currently facing significant bearish momentum as it struggles to break through key resistance levels. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board As of writing, CoinMarketCap’s data shows that XRP has plummeted from a previous price high above $3 to $2.8. The cryptocurrency recorded a 10.3% decline in the past 24 hours after experiencing severe bearish pressure that led to a 14% drop last week. Despite this bearish performance, analysts remain increasingly bullish on XRP, predicting significant price rallies that would propel the altcoin to new heights. One notable forecast suggests that XRP could rally so high over time and potentially flip Bitcoin, the world’s largest cryptocurrency. Featured image from Adobe Stock, chart from Tradingview.com
XRP, the native cryptocurrency of the Ripple network, has seen its price grow massively in recent months, allowing it to overtake many other large-market cap cryptocurrencies. At the time of writing, XRP is the third-largest crypto by market cap, and current buying trends suggest it might stay there for a while. As of January 25, 2025, the altcoin has a total supply of 100 billion tokens, with approximately 57.64 billion currently in circulation. Notably, a significant portion of this circulating supply is concentrated among a small number of wallets. Specifically, the top 10 addresses hold about 20.99% of the circulating supply, while the top 50 addresses control approximately 53.3%, which raises the question about the distribution of wealth in the ecosystem and who stands to benefit the most from the price rally. Top 20 Wallets And Their Dominance Over XRP Supply The largest XRP holdings are primarily associated with Ripple Labs, its founders, and major cryptocurrency exchanges. In terms of numbers, data from Coincarp shows that out of the 4,840,747 addresses, the top 20 holders, the top 50 holders, and the top 100 holders hold 50.31%, 63.74%, and 71.76% of the circulating supply, respectively. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue According to distribution data, Ripple Labs currently owns around 46 billion XRP tokens, although most are locked in escrow. These tokens are released periodically in pre-set amounts, limiting Ripple’s ability to freely access or manipulate the escrowed funds. Even with these restrictions, Ripple Labs holds a considerable amount of liquid XRP. Data from blockchain explorer Bithomp indicates that one of Ripple’s wallet addresses alone contains over 1.3 billion XRP. Also, Ripple Labs co-founder Chris Larsen is the largest individual holder of XRP, holding over 5 billion tokens, making him one of the wealthiest individuals in the ecosystem. Major exchanges like Binance and Uphold also manage significant reserves. For instance, one of Binance’s wallets holds over 1.3 billion XRP, accounting for approximately 1.33% of the circulating supply. South Korean-based crypto exchange Upbit also holds about 4.38% of the total supply, among a few other exchanges. Holding Distribution: Anything To Fear? These large-scale holdings by exchanges and Ripple-related entities paint a picture of an XRP ecosystem dominated by a relatively small group of stakeholders. However, when you think about it, these large holdings are not in the hands of any private company or individual that would potentially be at risk of manipulating the price for their benefit. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Furthermore, the bulk held by exchanges represents aggregated assets belonging to thousands, if not millions, of individual users. As such, their concentration in exchanges does not pose any unnatural risk to the natural price dynamics for XRP. At the time of writing, XRP is trading at $3.10, having recently reached a seven-year high of $3.38. Featured image from Medium, chart from Tradingview.com
In a notable change in the crypto regulatory environment, asset managers are regaining confidence in their pursuit of ETFs. Significantly, CoinShares submitted applications for a spot XRP ETF and a Litecoin (LTC) fund, indicating an increasing enthusiasm for altcoin investment offerings. CoinShares Targets Litecoin And XRP ETF CoinShares’ submission arises as the US ETF market is progressively concentrating on cryptocurrency investments, after the approval and resulting success of funds investing in Bitcoin (BTC) and Ethereum (ETH) in 2024. The firm has submitted an S-1 registration statement to the Securities and Exchange Commission (SEC) to launch the XRP ETF, aimed at providing investors with direct exposure to the market’s second largest altcoin. Related Reading: SAB 122 Is A Bigger Bitcoin Price Catalyst Than The US BTC Reserve Additionally, CoinShares is expanding its offerings by applying for a spot Litecoin ETF, positioning itself as one of the few companies actively exploring altcoin-based ETFs in the US market. On the same day, Grayscale Investments also filed applications with the New York Stock Exchange (NYSE) for both a Solana ETF and a Litecoin ETF, alingning with other firms, including Canary Capital and CoinShares, all seeking regulatory approval for similar products. Skepticism Surrounds Proposed Litecoin ETF Despite the enthusiasm surrounding the XRP ETF filing, the altcoin has shown a mixed response in the market. XRP recently emerged from a nearly three-year consolidation period below the $0.50 mark, boosted by excitement surrounding pro-crypto regulatory shifts under President Donald Trump. Currently, XRP is experiencing remarkable momentum, boasting a staggering 500% year-to-date gain, trading at approximately $3.10. However, the announcement of CoinShares’ XRP ETF did not significantly impact the token’s price, which remains down 0.4% within a 24-hour period. Related Reading: XRP Long Term Potential Remains Extremely Bullish Possibility Of Price At $20 On a more critical note, the proposed Litecoin ETF has sparked skepticism among some market experts. Analyst Ali Martinez expressed concerns regarding the viability of a Litecoin ETF, pointing out that the coin has remained stuck in the same price range since 2017, a span of eight years. The analyst continued to probe the reasoning for initiating a Litecoin ETF when ironic options, like a “USDT ETF,” he claims, might provide more instant advantages such as staking rewards. Featured image from DALL-E, chart from TradingView.com
XRP is currently at a critical juncture, trading at a key level after breaking its all-time high just eight days ago. Despite the market’s inherent volatility, price action remains robust, fueling optimism among investors and analysts. As the broader crypto market enters a bullish phase, XRP is gaining attention as a potential leader in the next major rally. Related Reading: Solana Compresses Near Previous ATH – Gearing Up For The Next Leg Higher? Market sentiment is growing increasingly positive, with analysts predicting a massive move into price discovery. Among them, crypto expert Carl Runefelt has shared an intriguing technical analysis on X, highlighting a bullish setup for XRP. According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation. This pattern suggests that XRP is consolidating before a significant breakout, which could propel the price into uncharted territory. As excitement builds, investors are watching closely to see whether XRP can sustain its momentum and capitalize on the bullish market environment. A breakout from the bullish pennant could confirm XRP’s trajectory toward new milestones, reinforcing its position as one of the market’s most dynamic assets. XRP About To Enter Price Discovery XRP is on the verge of entering price discovery as the broader crypto market signals a bullish rally. Following a strong pump in early November, XRP’s price action has remained resilient, fueling optimism for substantial gains in the months ahead. As the market flirts with a decisive phase, XRP continues to stand out as a top contender for life-changing returns for investors and traders. Renowned crypto analyst Carl Runefelt has shared an insightful technical analysis on X, highlighting a bullish setup for XRP. According to Runefelt, the price is forming a bullish pennant pattern on the 4-hour timeframe, a classic indicator of potential upward continuation. Based on this setup, Runefelt has set a price target of $4.20 in the coming weeks, aligning with broader expectations of a market-wide rally. The bullish pennant suggests that XRP is consolidating before its next major move. If the pattern holds, the breakout could propel XRP into uncharted territory, confirming its position as a leading asset in this market cycle. Related Reading: Chainlink Is In The Middle Of A Bullish Breakout – Analyst Sets $50 Target As the market gears up for a potentially explosive phase, XRP is well-positioned to capitalize on the momentum. With its strong price action and favorable technical setup, XRP has the potential to deliver significant returns. Investors and traders are closely watching as XRP prepares for its next move, with anticipation building for what could be a pivotal rally. Price Testing Critical Levels XRP is currently trading at $3.19, following a massive surge above its previous all-time high last week. The recent price action highlights XRP’s strength as it continues to attract investor interest during this bullish phase. However, the asset has entered a brief consolidation phase, which could signal preparation for its next move. For bulls to maintain momentum and sustain the uptrend, reclaiming the $3.25 resistance level is critical. Breaking above this mark would likely reignite buying pressure and pave the way for another push toward new all-time highs. Achieving this would reinforce the bullish structure and solidify XRP’s position as one of the market’s top-performing assets. Conversely, holding above the $3.05 support level is equally important to confirm the ongoing trend. This level has become a key line of defense, and a breakdown below it could signal weakness, potentially leading to a deeper correction and testing lower demand zones. Related Reading: Cardano Will Reach $1.50 Once The $1.10 Resistance Breaks – Details As XRP consolidates, investors are closely monitoring these crucial levels. A breakout above $3.25 or a strong defense of $3.05 will provide clearer direction for XRP’s next move. The coming days will be pivotal in determining whether XRP can sustain its bullish momentum or face temporary headwinds. Featured image from Dall-E, chart from TradingView
The XRP price is in the spotlight again, as a crypto analyst has shared his short—to long-term prediction for the third-largest altcoin. While the asset has experienced a series of bullish events that have driven its price to its current level, the analyst strongly believes that the cryptocurrency can jump even higher to reach $20. XRP Long To Short Term Price Prediction According to a crypto analyst identified as ‘XRP Meesku’ on X (formerly Twitter), the XRP price is gearing up to skyrocket to a new long-term ATH target of $20. The analyst’s bullish outlook for the token stems from its innovative potential, as advanced developments and technological advancements tend to drive price surges in a cryptocurrency. Related Reading: XRP Price Rallies To ATH At $3.4, Here’s What’s Driving It And Why The Pump Will Continue Notably, the analyst revealed that there has been ongoing speculation that XRP could be pivotal in national banking. He highlighted that many discussions have arisen suggesting that the altcoin could be used as a potential base layer for the United States (US) banking system. If this happens, it could fuel significant growth and adoption for XRP, potentially positioning it as a “global asset that is gaining traction.” Moreover, it could trigger a price increase of $20 ATH for the altcoin. In the mid-term time frame, XRP Meeksu predicts that the altcoin could potentially hit $8 first before attempting to break past its cycle top. He reveals that his optimistic outlook for XRP was influenced by factors such as new financial products like futures and the ongoing legal challenges with the US Securities and Exchange Commission (SEC). Based on his analysis, the crypto expert suggests that resolving these issues could spark a price rally. Finally, the analyst shared a short-term price forecast for XRP, highlighting that altcoin is expected to experience significant volatility, leading to price fluctuations. Due to its sharp growth potential, he predicts a surge to $3.6 or higher was possible. Moreover, the X market expert mentioned the increase in significant liquidation trends, underscoring that traders may take a long position after being forced to close due to market fluctuations. Bullish Factors Driving The Price Surge While the XRP Meeksu shares his long- to short-term bullish prediction for the XRP price, the analyst also outlines several bullish activities that could drive a potential surge in the cryptocurrency. According to the crypto expert, the XRP market has seen a lot of activity lately, with the price stabilizing despite spikes in whale activity. Related Reading: XRP Price Eyes Bullish Flag Breakout That Could Put 50% Gains On The Board Looking at the asset’s past performances, the analyst mentions a notable transfer of $62 million to various crypto exchanges — a movement that could potentially be seen as a sell signal for strategic whale repositioning. Moreover, the CME Group has hinted at launching XRP futures, paving the way for institutional adoption and engagement in the cryptocurrency. Furthermore, the analyst delved deeper into the lawsuit between Ripple and the SEC, highlighting discussions about potential settlements and the conclusion of the almost four-year legal battle. Despite the lawsuit drama, the crypto expert disclosed that XRP’s overall sentiment remains bullish as analysts project more growth in the future. He revealed that XRP is showing signs of a price recovery and could soon hit new ATHs. Moreover, its community remains vibrant and active, sharing updates about ongoing scam threats, key events, and more. Featured image from Adobe Stock, chart from Tradingview.com
XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement. Historically, such periods of consolidation are often precursors to significant market shifts, making this a critical moment for XRP enthusiasts and traders alike. A breakout above the upper boundary at $3.4 will probably act as a bullish catalyst, indicating renewed momentum and attracting fresh buying interest. Such a move may pave the way for XRP to target higher levels, fueling market confidence. However, a breakdown below the $2.9 support could spell trouble, inviting stronger selling pressure. With technical indicators and trading volumes offering mixed signals, all eyes are now on XRP’s price action to see whether it will deliver a breakout or succumb to a bearish reversal. A Tug-Of-War Between XRP Bulls And Bears A consolidation phase has emerged within the $2.9 to $3.4 range, showcasing a battle between bullish and bearish forces. The $2.9 level has proven to be a robust support, preventing further declines, while the $3.4 resistance acts as a key barrier to upward momentum. This tug-of-war highlights the indecision in the market, with traders closely watching for a breakout or breakdown to gauge the next significant price direction. Related Reading: XRP Price Sets the Stage for More Gains: Bulls Hold the Momentum However, technical indicators are offering valuable insights into XRP’s consolidation phase such as the Relative Strength Index (RSI) suggesting a potential bearish breakout below the critical $2.9 support level. The RSI, currently dropping below the 50% threshold, reflects a weakening buying momentum. If the RSI continues to dip toward oversold territory, it might indicate that bears might be gaining the upper hand, increasing the likelihood of a price drop below $2.9. A breakdown at this support level may trigger negative momentum, pushing the altcoin into a deeper retracement phase. While consolidation phases often precede significant market moves, the RSI’s negative alignment warns traders to remain cautious as a failure to hold $2.9 could attract more sellers. Monitoring RSI movements alongside other technical indicators will be crucial in anticipating XRP’s next move amidst this uncertain phase. The Importance Of Defending The $2.9 Support Level Recent price action shows that the $2.9 support level is a critical threshold for XRP as bearish pressure looms. A decisive break below this level would result in increased selling pressure, driving the price down toward $1.9. This makes defending $2.9 a priority for the bulls since maintaining this level could provide the stability needed for a rebound. Related Reading: XRP Breaks Out Of Bull Flag And Targets $4.40, Predicts Crypto Analyst Failure to hold $2.9 might also shake trader confidence, reinforcing pessimistic sentiment and extending XRP’s consolidation phase. It is advisable to monitor price action and volume near this key level as it might determine whether XRP remains resilient or submits to more downside risks. Featured image from Adobe Stock, chart from Tradingview.com
XRP is currently trading around the $3.10 level after a weekend marked by significant volatility and a lackluster market response to President Donald Trump’s inauguration day. Hopes had been high among crypto investors that the new U.S. President would highlight pro-crypto policies in his opening speech. However, the absence of any mention of cryptocurrencies triggered short-term selling pressure, causing a dip in XRP’s price. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel – Expert Sets $15 Price Target Despite the initial disappointment, key on-chain metrics from Santiment paint a more optimistic picture for XRP. Data reveals that whales—large holders of XRP—bought over 100 million tokens in the past 48 hours. This significant accumulation suggests that big players remain confident in XRP’s long-term potential, even amid temporary market uncertainty. The buying spree by whales comes at a crucial time, as XRP tests key support levels near $3.10. With strong on-chain activity and institutional interest, the cryptocurrency appears to be building a foundation for a potential recovery. Investors are now closely watching for signs of renewed momentum as the market digests recent events. While the short-term outlook remains cautious, XRP’s resilience and the growing confidence of major players could set the stage for a rebound in the coming days. XRP Showing Strength XRP has broken through critical levels, reaching new all-time highs last Thursday, marking its highest price since January 2018. This milestone has reignited bullish sentiment among investors, with many confident that XRP will continue trending upward despite the market’s ongoing volatility. As one of the top-performing assets in the current cycle, XRP’s resilience and upward trajectory are capturing the attention of both retail and institutional investors. The market remains optimistic about XRP’s short-term and long-term prospects, fueled by strong technical and fundamental signals. Renowned analyst Ali Martinez recently highlighted key data from Santiment, revealing significant whale activity. The data shows whales have accumulated over 100 million XRP in the past 48 hours, indicating strong ongoing accumulation. This substantial buying activity suggests that major players are preparing for further upside, reinforcing confidence in XRP’s potential for sustained growth. Meanwhile, market participants eagerly await an announcement from President Donald Trump that could inject renewed optimism into the crypto space. With the final phase of the bull run underway, a pro-crypto statement could serve as a powerful catalyst to keep the broader market trending upward. Related Reading: Solana Turns Key Level Into Support – Analyst Expects ‘Violent Moves Before Next Leg Up’ As XRP consolidates near its new highs, its ability to maintain bullish momentum will be crucial. Investors are closely watching for signs of sustained strength, with the expectation that XRP will lead the market into new territory. If the bullish trends continue, XRP is well-positioned to remain a standout performer in the ongoing crypto rally. Price Action: Key Levels To Watch XRP is currently trading at $3.09, following a period of heightened volatility and market uncertainty. Despite recent fluctuations, the cryptocurrency is showing signs of strength as it prepares for its next move upward. Breaking last year’s high of $2.90 was a pivotal moment for XRP, signaling renewed bullish momentum. After reaching a new all-time high (ATH) of $3.40, XRP successfully retested the previous high as support, a positive indicator for its short-term trajectory. If bulls can maintain control and hold above the $2.90-$3.00 support zone, XRP appears poised for a bullish rally. This consolidation above critical levels is building a strong foundation for further gains, and a decisive push above the $3.40 ATH could lead to a significant breakout. Related Reading: Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened? Market sentiment remains optimistic as XRP demonstrates resilience and bullish technicals. Investors are closely monitoring the price action, with many expecting a surge if key support levels hold. The potential for another rally puts XRP in the spotlight, as it aims to continue leading the market upward. With the broader crypto market heating up, XRP’s performance in the coming days will be crucial in determining whether it can sustain its bullish trajectory and reach new highs. Featured image from Dall-E, chart from TradingView.
In a chart shared by crypto analyst Ali Martinez, XRP has broken out of a descending channel commonly identified as a “bull flag,” signaling a potential continuation of its recent upward trend. The move sets the stage for a push toward $4.40, based on Fibonacci extension levels. XRP Price Eyes $4.40 According to the two‐hour Binance chart provided, XRP initially rallied from roughly $2.3374 on January 13 to a local high of $3.3509 by January 17, marking a swift rise that established the so‐called flagpole. After reaching this local high at $3.3509, the price shifted into a consolidation phase, moving within a downward‐sloping channel from January 17 through January 19 and briefly dipping below the 0.786 Fibonacci retracement level at $3.1021 before rebounding. The breakout above the channel’s upper boundary, which transpired around $3.20 on January 20, is seen as a classic confirmation of a bull flag. A bull flag pattern comprises two key segments: the rapid, nearly vertical ascent (flagpole) and the subsequent, more gradual consolidation (flag). When an asset’s price closes decisively above the upper trendline of the flag, traders generally interpret it as a signal that the prior uptrend is likely to resume. Related Reading: XRP Whale Binance Deposits Skyrocket: Key Holders Preparing For Profit-Taking? In this specific setup, the distance of the flagpole is measured from the swing low at $2.3374 to the swing high at $3.3509, which yields a gain of about $1.01. Analysts then add that distance to the breakout level near $3.20 to approximate a price target in the $4.20 region. Martinez’s chart, however, also includes Fibonacci extensions that provide more granular potential targets, anchored at 0% ($2.3374) and 1 ($3.3509). These extensions appear at 1.272 ($3.6958), 1.414 ($3.8889), 1.618 ($4.1863), and 1.786 ($4.4475). The analyst cites $4.40 as the primary bullish objective, aligning closely with the 1.786 extension level. Related Reading: XRP Breaks Out Of Bullish Flag Pattern – $4 Target In Sight As per Martinez’s chart, XRP traded near $3.29, hovering just below the local high at $3.3509. If the cryptocurrency can hold above the breakout zone and ultimately surpass $3.3509, the chart’s technicals suggest a potential climb toward successive extension levels in the high $3 range and ultimately toward $4.40. The significance of the $4.40 target lies in its convergence of Fibonacci analysis with the classic bull flag projected move, giving traders a clear upside marker to watch for continued momentum. While short‐term fluctuations are always possible in volatile crypto markets, the breakout from the flag consolidation has offered a notably bullish signal, contingent on XRP’s ability to maintain support around $3.20 and build enough volume to breach the $3.3509 threshold. Notably, XRP couldn’t defend the breakout. At press time, XRP fell back into the channel and traded at $3.06. Thus, XRP bulls need to step up one more time to revalidate the scenario. Featured image created with DALL.E, chart from TradingView.com
XRP has captured the crypto market’s attention with its impressive bullish performance, surging over 45% in just six days. The token’s rally reached a new milestone on Thursday as it broke its all-time high, solidifying its position as one of the top-performing assets in the market. With Monday’s inauguration of President-elect Donald Trump on the horizon, speculation about the potential impact of his administration on the crypto space is driving even more bullish sentiment for XRP. Related Reading: Donald Trump Memecoin Skyrockets Over 12,000% Overnight With $30B Fully Diluted Value – What Happened? Top analyst Ali Martinez recently shared a technical analysis highlighting the token’s strong price action. According to Martinez, XRP appears to have broken out of a bullish flag pattern, a technical indicator that often signals the continuation of an uptrend. Based on this pattern, the price could be gearing up for an upswing to $4, a significant level that would mark another major milestone in its ongoing rally. As XRP continues to outperform, investors are closely monitoring the token’s next moves, with many believing it could benefit from a more crypto-friendly environment under the incoming administration. With strong technical indicators and growing market optimism, XRP appears poised for further gains, making the coming days a pivotal moment for the asset. XRP Poised For A Massive Rally XRP has had a highly volatile week, with price action capturing the attention of the crypto market. After dropping to $2.32 earlier in the week, XRP staged an impressive recovery, surging to new all-time highs around $3.40. This marks a historic moment for the cryptocurrency, as it finally surpassed its previous all-time high set in 2018, breaking a seven-year record. The milestone has reignited enthusiasm among analysts and investors, who now see XRP as one of the hottest assets in the market. Market sentiment is overwhelmingly bullish, with many expecting XRP’s momentum to carry it even higher in the coming weeks. Martinez recently shared a technical analysis on X, revealing that XRP has broken out of a bullish flag pattern—a continuation indicator often associated with significant price surges. Based on this pattern, Martinez predicts that XRP could be gearing up for an upswing to $4, signaling another major milestone for the asset. Adding to the optimism is the broader macroeconomic environment, as President-elect Donald Trump is set to assume office on Monday. With expectations of a pro-crypto administration, many believe XRP and the broader market could benefit from favorable policies and heightened investor interest. Related Reading: Raydium Breaks Key Level Showing Relative Strength – New Highs Next? As XRP enters this pivotal phase, investors are closely monitoring its ability to sustain recent gains and build on its bullish trajectory. With technical indicators aligning and market optimism growing, the coming days could be transformative for XRP, setting the stage for even higher price levels in 2024. Price Discovery Phase: What To Expect XRP is currently trading at $3.20, following its recent surge to an all-time high (ATH) of $3.40. The price action remains extremely bullish, with strong momentum suggesting the potential for further gains in the coming days. Analysts and investors are optimistic that XRP could push above its newly set ATH, marking another milestone in its ongoing rally. Holding the $3.00 level is critical for sustaining this momentum. This psychological and technical support serves as a foundation for continued bullish sentiment. If XRP can consolidate above this mark, it would reinforce confidence among traders and signal the strength needed to attempt another breakout. However, the market remains highly volatile, and XRP is no exception. The rapid price movements seen in recent weeks highlight the potential for liquidity sweeps and aggressive corrections. Such volatility underscores the importance of risk management, as sudden pullbacks could occur before the next leg up. Related Reading: Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH As XRP navigates this pivotal phase, traders are watching closely for signs of sustained strength or potential reversals. If XRP maintains its momentum and holds key support levels, it could be poised to extend its bullish trajectory and achieve new highs in the near future. Featured image from Dall-E, chart from TradingView
As XRP recovers from a notable dip in mid-December, technical analysis signals strong potential for further growth. Currently valued at approximately $3.23, XRP is positioned among the most robust performers in the cryptocurrency market, boasting an impressive 43% gain over the past month. This price resurgence has propelled the market’s second-largest altcoin to a seven-year high, inching closer to its previous price record of $3.40, set in 2018. Bullish Projections For XRP Price In a recent social media update on X (Formerly Twitter), market analyst Ali Martinez highlights the significance of XRP’s recent breakout from a month-long consolidation phase between $1.90 and $2.60. Martinez notes that this price breakout has occurred within a symmetrical triangle pattern on the weekly chart, suggesting an optimistic trajectory for the altcoin. Related Reading: Ethereum Whales Double Holdings To 43% Post-Merge – Details The analyst projects a possible price target of $15 for XRP, which would represent a staggering increase of over 365% from its current valuation. Supporting this bullish outlook, XForceGlobal proposed a range of final targets for XRP, estimating potential prices between $7 and $12, with more ambitious projections reaching $20 to $40 and two potential routes for the altcoin’s price: Slower Route: This scenario anticipates a five-wave minor degree into an intermediate degree wave, followed by a wave 1-2 pullback. If XRP can manage a controlled pullback in this phase, it would create a favorable environment for further bullish action. While this route may involve a deeper correction, the analyst asserts it ultimately promises the greatest rewards for long-term holders. Faster Route: In this scenario, the current five-wave ascent may already be part of a larger primary wave 5. While this route could still lead XRP to significant price levels around $7 to $12, it also suggests that the bull market may soon reach its conclusion. Expert Warns Of Potential Correction March Despite the optimistic projections, some experts, like Egrag Crypto, caution investors to remain vigilant. Egrag predicts a significant market correction could occur in March 2025. However, the expert also emphasizes that the Relative Strength Index (RSI) remains bullish, indicating that XRP still has room for growth in the short term. He anticipates that XRP may reach price levels between $4 and $5 before any potential downturn. Related Reading: BNB Price Poised for Gains: Bulls Push for New Highs All around, XRP stands at a pivotal moment, and its journey from here could redefine its standing in the market. Whether through slower or faster routes, the future looks bright for XRP holders, provided they navigate the anticipated volatility with care. At the time of writing, the altcoin is down a slight 1.3% on the 24-hour time frame, trading at $3.23. Featured image from DALL-E, chart from TradingView.com
FTX’s $1.2 billion repayment is seen as a significant liquidity event for the industry that may bolster cryptocurrency valuations.
The XRP price has rallied to its all-time high (ATH) of $3.4, sparking bullish sentiment in the XRP community. This price surge is due to bullish fundamentals, including Donald Trump’s receptiveness to a crypto reserve that would include the coin. Factors Behind The XRP Rally To Its ATH CoinMarketCap data shows that the XRP price rallied to $3.40 yesterday, a price level that represents its current all-time high (ATH) on some exchanges like Binance and Kraken. This price surge has occurred due to several factors, including a report that Donald Trump is receptive to the idea of an America-first strategic reserve. Related Reading: Bitcoin Price Above $100,000 Renews Hope, Analyst Reveals The Cycle Top As Bitcoinist reported, this initiative would focus on cryptocurrencies that were founded in the US, including XRP, Solana, and USDC. This is bullish for these coins, as it would lead to greater adoption for them. This news already sparked a bullish sentiment among investors, leading to this XRP price surge. Before now, these investors, especially crypto whales, were accumulating, another factor contributing to the XRP price surge. Bitcoinist reported that this category of investors had bought 1.43 billion coins in two months. This is massive, considering how these accumulation trends always lead to price discovery, which is being witnessed with XRP at the moment. This accumulation trend looks to have intensified on the news of the potential crypto reserve involving XRP. CoinMarketData shows that the coin’s trading volume has surged by 7% in the last 24 hours, with $24.18 billion traded during this period. This surge in trading volume has also contributed to the XRP price rally. Meanwhile, it is worth mentioning that the US Securities and Exchange Commission (SEC) filed its opening brief in its appeal against Ripple. However, this development was considered bullish for the XRP price, as the Commission did not dispute Judge Analisa Torres’ ruling that XRP isn’t a security. Why The Price Surge Is Likely To Continue The XRP price surge will likely continue based on its bullish fundamentals and technicals. From a fundamental perspective, Donald Trump is set to take office on January 20, meaning that this crypto reserve, which will include XRP, could come to life sooner rather than later. Trump’s administration is also bullish for XRP because of the possible emergence of pro-crypto Paul Atkins as the next SEC Chair. Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Paul Atkin’s pro-crypto stance has led to predictions that the Commission will likely drop the appeal against Ripple once he takes office. The Commission is also expected to approve the pending XRP ETF applications under Atkins. From a technical perspective, crypto analysts have also provided a bullish outlook for the XRP price. Crypto analyst CasiTrades predicted that XRP will break its ATH and rally to between $8 and $13. At the time of writing, the XRP price is trading at around $3.34, up over 7% in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
XRP’s open interest has increased by $6 billion since the start of the month as the altcoin soared to new all-time highs.
Testing times quickly return for Bitcoin traders as BTC price momentum again fails to recapture $100,000.
As an experiment, Cointelegraph asked two different AI models, OpenAI’s ChatGPT and xAI's Grok, to predict how XRP price could be affected by a spot ETF approval.
On Wednesday, the XRP price surged to its highest valuation in seven years, briefly reaching $3.02 and marking a substantial gain of nearly 30% over the past two weeks. This impressive performance stands in stark contrast to the broader cryptocurrency market, where major players like Bitcoin (BTC) and Ethereum (ETH) have struggled to maintain upward momentum. Analyst Highlights ‘Massive Bullish Breakout’ For The XRP Price Analysts are now predicting that the XRP price and its upward trajectory may continue, driven by strong buying pressure and positive market sentiment seen during the past month. Notably, market expert and technical analyst Ali Martinez recently identified in a social media post on X (formerly Twitter) what he describes as a “massive bullish breakout” for the XRP price. Related Reading: BREAKING: BitMEX Fined $100 Million For US Money-Laundering Violations According to Martinez’s analysis, on-chain data indicates a significant accumulation of XRP coins, with over 1.10 billion tokens purchased in the past week alone.This aggressive buying activity has created a sense of momentum, further supported by technical indicators. Martinez further highlights that the XRP price has broken out of a bull pennant formation—a classic bullish pattern that suggests further price increases could be on the horizon. The analyst posits that if the current buying trend persists, the XRP price could potentially reach new all-time highs of $10, significantly exceeding its current record of $3.40 reached in 2018. However, not all indicators are pointing toward unmitigated success. Martinez also highlighted that the TD Sequential indicator, a popular tool among traders, has flashed a sell signal on the 4-hour chart for the XRP price, suggesting that a price correction in the short-term could be imminent. The Crucial Hurdle For XRP’s Continued Bullish Momentum Adding to the optimism for XRP holders, another analyst known as Dom has drawn comparisons between the current price action and that of the XRP price in 2017. Dom’s analysis shows a striking fractal pattern, where XRP spent 25 days in a consolidation phase before experiencing a significant rally. Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Here’s The Target Currently, XRP has been consolidating for about 30 days, leading Dom to predict a similar bullish breakout could follow, potentially leading to new all-time highs. As of the latest trading, XRP has retraced slightly to around $2.93, attempting to establish this level as support for future gains. However, the $3 mark remains a formidable resistance level, representing a barrier that has not been surpassed in over seven years. Overcoming this threshold will be critical for XRP to maintain its bullish momentum and for traders to gain confidence in the altcoin’s long-term trajectory. Featured image from DALL-E, chart from TradingView.com
XRP spot traders provided the volumes needed to send the altcoin above $3. Is a new all-time high the next stop?
XRP’s market cap has climbed to the 3rd spot among top cryptocurrencies by market cap and surpasses asset manager BlackRock.
XRP price continues to show strength versus the wider crypto market and data indicates the altcoin’s potential to move higher, possibly into double digits.
XRP price continues to show strength versus the wider crypto market. Cointelegraph explains why.
A new bullish target for the XRP price has been set, as a crypto analyst has announced a recent breakout from a Symmetrical Triangle pattern. The analyst has shared a chart showing XRP’s price action on a 3-day timeframe, highlighting key resistance levels that could help propel the cryptocurrency to a bullish target of $8. Symmetrical Triangle To Push XRP Price To $8 According to the TradingView crypto analyst identified by the pseudonym “PlaceUrBetsPlease,” the XRP price is breaking out from a Symmetrical Triangle pattern, suggesting upward momentum. A Symmetrical Triangle is a chart pattern that signals a period of consolidation, showing no clear indication of a bullish or bearish feeling. Related Reading: Bitcoin Bearish Case: Continued Rejection At $100,000 Increases Likelihood Of Breakdown The analyst highlighted key resistance and support levels in his chart, projecting a new ATH target for the XRP price. He emphasized that the cryptocurrency has maintained a price above the weekly support area of $2.21, a critical level reinforcing its bullish position. Currently, XRP is set to retest a new resistance level at $2.35, which the analyst suggests is required to trigger the cryptocurrency’s next upward push. The TradingView market expert has also revealed that after XRP’s breakout from the Symmetrical Triangle pattern, the next move is a massive price surge to $8. The analyst’s projection aligns with Fibonacci extension levels, a technical tool for predicting potential price targets during an uptrend. In the presented chart, he suggested that the price levels at $4 (1.272 Fib), $6 (2.618 Fib), and $7 (3.618 Fib) would serve as potential resistance areas for XRP to overcome and hit a new ATH target of $8. This bullish target corresponds with the 4.236 Fibonacci extension level, marking a 1,500% surge from the initial breakout point. Notably, the TradingView expert disclosed that his predicted XRP price target of $8 coincides with historical percentage gains observed during previous bull runs. The analyst also notes that XRP’s previous ATH above the $3.32 level, as indicated by the price chart, is within reach. The cryptocurrency achieved its all-time high of $3.84 during its bull rally in 2018, marking one of its most exponential price surges since its inception. Expect A Pull Back Along The Way While the TradingView analyst remains significantly bullish on XRP’s price outlook, he also cautions about potential pullbacks and market volatility. He warns that investors and traders should be prepared for a possible 10%, 20%, and 30% price pullback as XRP moves towards its predicted target. Related Reading: Bitcoin Price Struggles With Liquidity Blocks From $86,000 To $104,000, Analyst Reveals The Logical Thing To Do While these corrections may delay XRP’s price growth to $8, the analyst has reassured that pullbacks are expected in the cryptocurrency market, especially during strong uptrends. Based on CoinMarketCap’s data, the XRP price is currently trading at $2.45, meaning the cryptocurrency would need to rise by approximately 233% to reach an $8 ATH. Featured image created with Dall.E, chart from Tradingview.com
In a notable shift of sentiment, renowned technical analyst and commodities trader Peter Brandt has offered rare praise for XRP, describing the token as the current standout performer among its crypto peers. Brandt posted a daily XRP/USD chart on X (formerly Twitter) on Sunday, proclaiming: “Leader of the pack.” In the same post, he underscored […]
XRP’s market structure suggests that the altcoin is gearing up for a run to new all-time highs.
In a recent interview with Bloomberg Crypto, Ripple President Monica Long expressed strong optimism about the imminent approval of a spot XRP exchange-traded fund (ETF) in the United States. Long also provided insights into the expansion of Ripple’s new RLUSD stablecoin, which she believes will see major adoption in the coming months. Ripple’s RLUSD Set […]