$XRP
XRP Technical Outlook: Bullish Yearly Structure Signals Potential Breakout
XRP’s 12-month chart has formed a notable Bullish Engulfing pattern, indicating the possibility of sustained upward momentum in the long term. Technical analysis suggests that if historical trends repeat—particularly those observed in 2021—XRP could rise to levels between $13 and $22 over the coming year.
Analysts are closely monitoring Candle 12 (2024), which has exhibited a strong bullish engulfing formation, overtaking several prior candles in both range and closing price. Such a pattern on the yearly timeframe is often viewed as a powerful indicator of institutional interest and long-term accumulation.
Attention now turns to Candle 13 (2025). Historical comparisons, especially to Candle 9 in 2021 (which preceded an ~800% rally), support the possibility of a similar surge. Based on this projection, a midpoint target of $17 emerges, flanked by key resistance levels at $13 and $22.
However, market participants are advised to monitor price action closely. A yearly close above $3.40 would likely confirm a breakout, while a close below $1.85 could undermine the bullish structure and suggest continued consolidation.
Currently, XRP trades around $2.29, with short-term support near $2.24 and resistance at $2.31. Though the asset has experienced a minor daily pullback (-0.8%), price action remains within a narrow range—suggesting a period of consolidation ahead of a potential breakout.
As Candle 13 continues to form, the final close of 2025 may prove decisive in determining whether XRP enters a new bullish phase or remains range-bound.