XRP is regaining upward momentum with price movements indicating a breakout is imminent. Based on the latest daily and hourly chart data, XRP is trading around $2.42, up 1.68% on the daily chart. Both the daily and hourly charts show bullish structures, supported by clearly higher lows, rising moving averages, and Fibonacci targets yet to be reached.
XRP Price Prediction: Is $XRP Forming a Continuing Bullish Pattern?
On the daily chart, XRP is building strength above the 100-day SMA and has formed a clear series of higher lows since the early April bottom. The price has surpassed the important horizontal resistance near $2.30, successfully retesting it, and is now oscillating around $2.42.
The 20-day, 50-day, and 100-day moving averages are converging and trending upward. This indicates increasing bullish momentum. The price is also above the long-term trend line drawn from the March lows, reinforcing buyer interest as the price pulls back.
The Fibonacci retracement drawn from the local swing high to swing low places the level of $2.43 as an important short-term resistance. A breakout above this level could lead to a bullish surge towards the Fib 0.618 level around $2.80, also aligning with the recent wick high from early May.
Pricing:
If the price of XRP surpasses $2.43 and heads towards the Fibonacci level of $2.80, the bullish potential is:
Upside target = (2.80−2.43/2.43) × 100 = 15.22%
This move could happen quickly if trading volume supports the breakout.
What Does the Hourly Chart Reveal?
The hourly chart shows a classic ascending triangle pattern forming since May 20, with higher lows pushing into the horizontal resistance at $2.43. This structure often precedes bullish breakouts. Importantly, the price of XRP has maintained above the 20, 50, 100, and 200-hour SMAs, which are tightly grouped and trending upward. This is a typical sign of consolidation before expansion.
The last three candles in an hour show narrow-bodied Heikin Ashi candles, reflecting a tightening in volatility. This often occurs before a strong directional move, in this setup, favoring the bulls.
Hourly candles confirmed close above $2.44 are likely to trigger a fast move towards $2.60, with minor resistance at $2.52.
XRP Price Prediction: How High Can XRP Go This Week?
If the upward momentum continues and the price of XRP holds support at $2.30, we could see the breakout pattern occur towards the next major Fibonacci extension area.
Below is a basic Fibonacci projection using the low ($1.90) to high ($2.63):
Measured move = 2.63−1.90=0.73
Breakout target = 2.43 + 0.73 = 3.16
Therefore, if volume and sentiment align, a successful breakout above $2.43–$2.45 could ultimately push XRP to $3.16 within the next 1–2 weeks.
Final Thoughts: Should You Be Watching XRP Right Now?
The price of XRP is currently just below the main resistance level and is forming bullish patterns on both the daily and hourly charts. The presence of higher lows, consolidating MAs, and breakout structures such as an ascending triangle makes this setup hard to ignore.
If XRP breaks above $2.43 with volume, then a breakout to $2.60, and possibly $2.80–$3.16 could happen quickly. A drop below $2.30 would invalidate the short-term setup, but as long as XRP holds that support level, the bulls remain in control.
Short-term trend:
Key levels to watch: $2.43 (resistance), $2.30 (support), $2.80 (target), $3.16 (extension target)
