XRP price is in a symmetrical triangle pattern which likely shows a 50% breakout. The pattern, sometimes indicating the further development of the existing trend, indicates XRP’s movement toward the upper resistance at $2.50. If this resistance is broken, the breakout could push the XRP price rally beyond $3.
In addition, analyst EGRAG Crypto also foresees the XRP price breakout in the first quarter of 2025 due to Triangle Consolidation seen in the chart.
The price support ranges are $1.37 and $1.22 and the price resistance is at $2.60 and $3.77 respectively. If the price rises past $2.60, it will free the way for more increase in prices and more profits. This technical analysis presents a somewhat positive view of the XRP path in the first quarter of 2025.
Another analyst, Captain Faibik, is more optimistic about XRP. He has suggested that the currency may surge by 50% to hit $3.66. This projection is made from a break out of a long-term descending wedge which is a bullish pattern. If the resistance level does not give in in a short time, we may observe XRP testing the $2.00 support level or even dropping further.
Moreover, the chart shows that the stagnation phases are followed by accumulation phases and increasing upward momentum, which supports the price appreciation expectation. If XRP manages to break out as it reaches these levels, this trajectory may be confirmed, which will increase investor confidence.
Bullish Indicators Support Upward Momentum
The technical analysis strengthens the bull case for XRP. For instance, using the daily chart, the Stochastic RSI is currently reading a strong bullish trend. Also, the %K line is now crossing the %D line while both are in the overbought territory at around 70.34.
This, therefore, means that there is increased buying pressure and the upward trend is likely to persist. If this momentum is maintained, XRP can easily break through other resistance levels which will strengthen the overall bull hypothesis.
Also, the MACD indicator confirms the bullish outlook for XRP. The line MACD (blue) is directed upwards and is about to cross the signal line (orange) from below, which indicates the growth of the upward trend.
The histogram has moved up from the negative into neutral territory suggesting that a reversal in the trend towards the bulls may be in the offing. Should the MACD crossover occur, it will imply that the present trend is to continue upwards.
Key Levels to Watch for XRP Price
The $2.50 resistance level is a crucial level for XRP traders as they watch whether the price will break through. However, the price remains above the $3.70 resistance level, which could serve as the next price milestone.
Also, Bollinger Bands of XRP on the daily chart have been tightening recently which indicates that a large price range movement may occur soon. This technical formation together with the increasing open interest of $1.98 billion is a clear indication of increased trading activity and increased market involvement.
According to experts, this combination of factors makes a way for the explosive price action in 2025. If conditions remain conducive, the XRP rally to the $11 mark seems possible.
