According to sources, the XRP price is preparing for a breakout as technical and legal indicators are now supporting it.
A clear bull flag has formed during recent consolidation, and since the U.S. Securities and Exchange Commission no longer sees XRP as a security, traders are becoming increasingly bullish.
Experts think that the next move might be strong and possibly push the XRP price towards the $8 mark.
XRP Price Holding Key Range Ahead of Technical Break
The XRP price is currently trading around $2.14 and has been moving within a set range between $2.10 and $2.33. It records 24 hour trading volume of $1.7B.
XRP vs. the Altcoin Surge: Analysts Eye $8 as Legal Risk Fades 3
This type of narrow price movement usually means that buyers are quietly building a position and might be a sign that a big price move is coming soon. Technical analysts see $2.35 as a key resistance level.
If the XRP price moves above that mark with a strong trading volume, it would confirm the current pattern and might start a strong rally. If it goes past $2.65, it could make the bullish trend even stronger.
Regulatory Clarity Removes Major Overhang
The SEC’s earlier lawsuit against Ripple caused years of doubt and confusion. But a major decision by a U.S. judge has confirmed that XRP is not a security. This quickly changed investors’ Sentiment.
Crypto analyst Crypto Beast said the XRP price is still low even after the important legal win. He thinks the market has not fully reacted to the positive news, and the XRP price should have already moved higher.
Metric Value Current Price $2.14 24 Hour Trading Volume $1.7B Market Capitalization $126.65B Changelly 2025 Price Target $2.44 Crypto Beast Price Prediction $8+ All Time High $3.84
Bull Flag Suggests Move Toward $8 to $10 Possible
According to Crypto Beast’s technical analysis, the previous rise from $0.40 to $3.40 formed the flagpole, while the current sideways movement is forming the flag.
If this bull flag pattern works out, the XRP price could go up a lot, with possible targets ranging from $8.80 to $10.69.
He noted that if the XRP price moves above $2.35, it would confirm the pattern on the chart. This breakout might then lead to a quick move toward the $8 level.
Altcoin Rally May Amplify XRP’s Momentum
As Bitcoin drives the overall market confidence, altcoins are also starting to gain momentum. Ethereum, Solana, and other Cryptocurrencies have already seen strong gains, and XRP might be next to follow.
XRP vs. the Altcoin Surge: Analysts Eye $8 as Legal Risk Fades 4
While the XRP price has remained more restrained compared to other high coins, traders see this as a setup for a catch-up. As investors shift focus from assets that have already surged to ones with strong potential, XRP might become a top choice.
Conclusion
The XRP price is still trading below a key breakout point. With strong technical patterns and no more regulatory pressure, many traders think XRP is getting ready for a major move.
If buyers can push the XRP price above the $2.35 resistance with strong volume, it might open the door for a move towards $2.65 and possibly aim for the $8 mark in the future.
Still, traders closely watch for a clear confirmation before calling it a true breakout. For now, XRP remains one of the most closely followed assets in the crypto market.
FAQs
1. What is the current XRP price based on the latest data?
Around $2.14.
2. What is the key resistance level for XRP?
$2.35 is the next major resistance.
3. What is the potential XRP price target in 2025?
Analysts project $8 or more.
4. Why are traders bullish on XRP now?
Because the SEC no longer considers XRP a security.
5. What is the higher price range analysts are eyeing?
Between $8.80 and $10.69.
Glossary
Legal Overhang – Uncertainty in price caused by unresolved lawsuits or regulatory threats.
Flagpole – A sharp upward move that kickstarts a bullish chart pattern.
SEC Clarity – A legal resolution that defines a crypto asset’s status, reducing uncertainty for investors.
Altcoin Rally – A phase where non-Bitcoin cryptocurrencies experience strong price surges.
Bull Flag – A bullish chart pattern where a strong price rise is followed by sideways movement, hinting at another potential rally.
Sources
Cryptonews
En.apa.za
NewsBTC
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