NB: This is not investment advice but an analysis of XRP's performance
1. Recent performance 📈
XRP has jumped nearly 12% in 24 hours, surpassing all major altcoins in the top 10. This increase is accompanied by a significant rebound in open interest, reaching a six-month high of around $7.2 billion.
2. Key technical signals 🔧
Abullish technical breakoutrecent towards $2.58, supported by high volume (~219 million) marks a possible trigger for a sustained move towards$3 or even beyond.
Chart patterns (bull flag, inverted H&S, Golden Cross) provide a legitimate framework for this dynamic.
3. Volumes and market sentiment 🧠
More than140 million XRP tokens (~$387 million)have been transferred to exchanges recently, indicating aprofit takingfast 🚨.
The overall volume has been declining since February, but the RSI around53-60suggests a bullish consolidation phase in preparation.
4. Medium-term prospects 🔮
Analysts predict potential up to $5 by the end of 2025 if the momentum continues, driven by increased adoption and a clearer regulatory environment.
However, XRP is still 18 to 40% below its all-time high of $3.84, leaving room for real progress if the bullish trend continues.
🐂 Verdict: Possible bull market or just a technical rally?
Short/medium term trend:
XRP shows concrete bullish signals with encouraging volume levels and technical patterns. A bull run is quite possible if the momentum remains above $2.65–$2.70.
But be careful:
The recent rise has triggered profit-taking. A technical correction or a reversal to $2.35–$2.60 remains possible if volumes do not rise further or if traders' interest wanes.
🔍 Conclusion
XRP is in a phase ofsolid technical rally, with bullish short/medium term prospects if market conditions persist.
The potential for a real bull market will depend on:
progress beyond key thresholds ($2.83 and $3.00),
thesustainability of volumes,
and continued adoption momentum.