$XRP is trading at approximately $2.42, exhibiting a modest intraday gain of 0.03%.

Technical indicators suggest a bullish outlook:

• Bull Flag Formation: XRP’s price chart reveals a classic bull flag pattern, characterized by a sharp upward movement followed by a consolidation phase. After a 105% rally in late 2024, XRP has been consolidating near $2.42. A breakout above this level could propel the price toward $4.17, representing a 72% increase.

• Relative Strength Index (RSI): Currently near 60, indicating room for upward momentum without being overbought.

• 50-Day Exponential Moving Average (EMA): XRP remains above this key support level at $2.03, reinforcing the bullish case.

Analysts employing Fibonacci and Elliott Wave analyses project a potential surge to $15 by May 2025, contingent on the completion of Wave 4 and the onset of Wave 5.

However, caution is warranted. A “death cross”—where the 50-day EMA crosses below the 200-day EMA—could signal potential downward momentum, with support levels at $2.82, $2.60, and $2.32.

In summary, while XRP exhibits bullish technical patterns and optimistic projections, investors should remain vigilant of potential bearish signals and market volatility.