Ripple Sparks XRP Surge—$7 Breakout Incoming?
XRP’s long-term price outlook is mixed, with technical charts pointing to consolidation but fundamentals suggesting upside potential. Ripple’s bullish developments—including a $50M SEC settlement, stablecoin growth, and EVM sidechain plans—could fuel momentum toward a major rally.
On the weekly chart, XRP faces resistance at $2.65 and support near $2. Indicators like RSI (neutral at 50) and MACD (bearish) suggest caution. A confirmed breakout could push XRP up by 25%.
The daily chart reveals a short-term downtrend, with RSI at 40 and MACD flashing red. To reach $7, XRP would need to break into price discovery, targeting the 272.2% Fibonacci level from its previous cycle high.
In derivatives markets, rising trade volume and a long/short ratio above 2 signal bullish expectations—despite $20M in long liquidations, hinting at near-term volatility.
Ripple’s upcoming EVM sidechain, expected in Q2 2025, could drive adoption by bringing Ethereum smart contracts to XRPL. Meanwhile, talks of banking licenses and crypto-backed bonds add fuel to long-term optimism.
Still, experts like VanEck’s Matthew Sigel caution that some corporate XRP buying plans may be hype-driven. As always, traders should stay alert amid both opportunity and risk.
