Key Points:
xrp(XRP) Price is suspended Multiple month highs reached $3.66 A week ago, Regulatory clarity and Institutional adoption.
Solution Ripple’s SEC lawsuit The fine was $50 million and confirmed that XRP was not the bullish momentum released in the past few weeks.
emission Prophecy Super XRP ETF Overall bullish sentiment in the cryptocurrency market has further consolidated the bull run of XRP, pushing Market value exceeds US$210 billionRanked third among all cryptocurrencies.
Let’s check out the height of the XRP price going up from here.
XRP Price: Classic Chart Pattern $4.20
In the 4-hour candlestick chart, XRP enters the classic bull tenant formation, a continuation pattern marked by a trend line after a sharp rise.
A breakthrough above the upper trend line could trigger a new rally with the technical target close to $4.20, which is by adding the height of the flagpole to a potential breakpoint at a price of $3.45.
XRP currently maintains above the 50-day exponential moving average (50-day EMA; red wave), enhancing bullish bias.
Relative Strength Index (RSI) has cooled to a neutral territory near 50, providing space for further gain without triggering too many signals.
XRP will rise to $5-8 price range: Analysts
Popular Market Analyst Milkipur Crypto Highlights Comparable pennant structure on XRP chart.
On Tuesday, he pointed to the recent surge in XRP’s opposition to its previous breakthrough structure and set the 1.618 FIB expansion target at $5.32, extending the upper target to $8 in more aggressive circumstances.
Related: XRP Price Breaking Out: These Charts Forecast Rally to $6
Adding bullish arguments is a confirmation MACD Crossover On the weekly chart, this is the first since the end of 2024.
this MACD The line (green) has crossed the signal line (yellow), and the histogram has been flipped green, indicating that the trend is moving. Similar settings at the end of 2024 are ahead of 450% of the rally.
XRP Advantage Signal $7-10 Target
According to analyst DOM, although the price reached a record high, some XRP indicators have not confirmed a bullish continuation.
One of them is the XRP Advantage Index (XRP.D) or XRP targeting the broader crypto market.
As of Wednesday, the index ranged at about 5.30%, below the weekly critical resistance level at about 5.50%, which, as DOM suggests, is a barrier that has limited earnings over 2200 days.
Analysts hinted XRP.D breaks over 5.50%please note that if history is any sign, this move could double the XRP price shortly after.
“If history is repeated, a confirmed breakthrough could send XRP to $7-1, depending on the broader market momentum,” the analyst said.
This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
