I guess #Xrp🔥🔥 is going to the moon after the it gets its ETF approve by SEC. The chart is pretty bullish for me. Let's see if it breaks above $3 and hold it.
What you guys think about?
The current daily chart of XRP/USD presents a compelling technical picture that suggests bullish potential, though caution is warranted until certain resistance levels are convincingly broken. Since early November 2024, XRP has exhibited a strong bullish run, climbing from below $1 to a local high near $3.50 in January 2025. This parabolic rally was followed by a classic correction phase, which now appears to have matured into a sideways consolidation pattern, forming higher lows and a relatively flat resistance zone near $2.60–$2.80.
Most notably, XRP has been holding above the $2.20 support zone, which has acted as a strong base throughout April and May. The recent series of higher lows suggests that buyers are stepping in aggressively on dips, showing increasing market confidence—potentially fueled by ongoing speculation surrounding an ETF approval by the SEC. Such a development could trigger significant institutional interest and push prices beyond previous resistance levels.
From a technical standpoint, if XRP can break above the $2.80–$3.00 resistance zone with strong volume and close above $3.00, it would likely confirm a bullish continuation pattern. In this scenario, a breakout rally could aim for the $3.50 previous high, and with strong momentum, XRP might even target the $4.20–$5.00 range, aligning with the psychological round numbers and Fibonacci extension levels.
However, if XRP fails to break above $3 and drops below $2.20, it might revisit lower support levels near $1.80 or even $1.50.
Overall, the sentiment is leaning bullish, especially if macro news like ETF approval materializes. But it’s critical to wait for a confirmed breakout with volume before declaring “to the moon.
