#XRP is currently trading around $2.25, but the market is quite volatile. Some analysts are bullish, while others predict bearish scenarios.
Bullish Analysis
Technical Indicators: According to analyst Jason, the 2-week chart for $XRP shows a bullish divergence in both RSI and Stochastic RSI. If momentum continues, XRP could reach $5.
Macro Targets: Another analyst believes $XRP could form a "mega monthly candle" and surge to $17, and if it breaks out of the macro channel, it could even hit $55.
Triangle Breakout: $XRP XRP has broken out of a descending triangle pattern, with a target of $3.20, supported by rising volume and futures-driven momentum.
Bearish Scenarios
Potential Drop: Some analysts suggest XRP could drop to $1.55, which would be a 30% decrease from the current price.
Resistance Levels: If XRP closes below $2.09, the bullish divergence could be invalidated, and the price may fall to the $1.60–$1.11 support zone.
