After weeks of sluggish volatility and investor fatigue, the price of XRP is showing the first real signs of life. The token, which has been hovering below resistance for a long time without major movement, has sparked new bullish interest by reclaiming key technical levels. Charts are beginning to flash early breakout signals and traders are wondering: is this the beginning of something bigger?
With renewed optimism across the cryptocurrency market in general and XRP steadily rising across both daily and hourly time frames, we will take a closer look at price action, key support and resistance levels, and what the next move may be. Let's closely examine the charts to find out if XRP is ready for a breakout or preparing for another decline.
XRP price prediction: What is the current trend of XRP?
XRP is showing early signs of strength after weeks of consolidation. On the daily chart, XRP has climbed back above $2.25 with a green Heikin Ashi candle closing above the 20-day SMA. The price is currently trading around $2.25, up nearly +1.06% for the day. This indicates that buyers are starting to reclaim control.
Notably, the price is trying to break above the 100-day SMA at $2.25 and is oscillating around the 50-day SMA resistance near $2.27. A successful daily close above $2.27 could reverse this level into strong support, creating room for XRP to target the next resistance area at $2.45–$2.60.
Looking further, the structure of XRP since the beginning of May resembles a round bottom. This is often a bullish reversal pattern. The price has bounced from the low of $2.00, and if the round structure fully occurs, we can estimate a measured move.
Target calculation:
Round bottom support: $2.00
Neckline resistance: ~$2.40
Target = $2.40 + ($2.40 - $2.00) = $2.80
This gives XRP a short-term target of $2.80, assuming a breakout above $2.40.
What does the hourly chart reveal?
The hourly chart confirms the short-term bullish momentum. The price of XRP surged from $2.19 to a high of $2.29, with the bullish move stopping at a local resistance. The Heikin Ashi candle turned red during the correction, but a small green candle has just formed, indicating that buyers are coming back.
XRP is currently trading just below the resistance threshold and appears to be consolidating on key SMAs:
20-SMA: $2.26
50-SMA: $2.22
100-SMA: $2.19
The convergence of moving averages below the current price creates a bullish support band. Unless XRP drops below $2.19 again, the short-term trend remains intact.
Furthermore, the Fibonacci retracement tool from the recent low of $2.00 to the high of $2.29 suggests a 0.5 level around $2.145 — and the price of XRP has never touched this area. This shallow retracement implies that buyers are buying strongly on dips, reinforcing the strength of the current move.
Is XRP gearing up for a bigger move?
Yes, and this is clearly reflected in the squeeze between the 100-SMA and 200-SMA across both time frames. The daily moving average is curling, and XRP has now surpassed all major short-term resistance areas on the hourly chart. This squeeze usually occurs before a volatile breakout move.
Using a simple momentum projection:
If the price of XRP continues to rise at a rate of 2% per day (based on the average of the past 3 days), the price of $2.25 will become $2.80. With a steady increase of 2% per day, the price of $2.25 for XRP could rise to about $2.75 in 10 days.
Therefore, within approximately 10 trading days, XRP could test the area of $2.75–$2.80, consistent with the round bottom forecast.
XRP price prediction: What could invalidate this bullish trend?
The price of XRP must hold the support area of $2.19. A drop below the 100-hour SMA would reverse momentum. If the price slips below $2.00 again, the round bottom structure will fail and bearish pressure may continue.
The daily 200-SMA at $2.34 is the key level determining success or failure. If XRP is rejected here with high volume, it could mark a local top.
Final thought: Can the price of XRP rise to $3?
Technically, the price of XRP is preparing to break out. The daily and hourly charts show a bullish structure with higher lows and narrowing resistance. If XRP breaks and closes above $2.45 and holds above $2.27 this week, it will set a path towards $2.80 and possibly $3.00.
However, the growth momentum needs to be maintained, and macro news or legal developments related to Ripple could still cause volatility.
Short-term bullish target: $2.80
Key resistance levels to watch: $2.45 and $2.60
Support holds: $2.19 and $2.00
The price of XRP seems ready, but the next 48 hours will determine whether the buyers truly gain dominance.