The weekly chart of $XRP indicates a bullish outlook for the cryptocurrency. According to technical analyses, XRP has entered the breakout stage of a bullish flag pattern, suggesting a potential price increase. Here are some important points ¹:
- *Price forecast*: If the #xrp follows the trend indicated by the flag pattern, it could rise to $13 to $14 in the coming months, representing a 370% increase from current levels.
- *Support levels*: XRP is trading well above its 50-week exponential moving average (EMA) of $1.64 and the 200-week EMA of $0.69, reinforcing the bullish outlook.
- *Resistance levels*: The Fibonacci retracement levels indicate $3 and $4.62 as resistance points, with $13 as the next major target.
- *Overbought condition*: The relative strength index (RSI) of 79.5 indicates that XRP is overbought, suggesting the possibility of a short-term pullback before continuing to rise.
It is important to note that the cryptocurrency market is highly volatile and subject to rapid changes. Additionally, XRP has shown strong growth recently, with a significant price increase in January 2025. The current price of $XRP
XRP is approximately $2.17 ² or $2.2142, according to other sources.