Multiple chart technicals and indicators suggest that XRP price has the potential to stage a parabolic rally over the next few weeks.
📊 Current Price Momentum
XRP recently surged to $3.66, climbing nearly 90% from April lows.
This surge is reigniting hopes of a major breakout, possibly taking XRP well into double digits.
💪 XRP Dominance (XRP.D) Signals Strength
XRP’s market dominance is brushing up against a long-standing resistance (~5.5%) not broken in over 6 years.
Historically, a breakout above this level has led to 2x+ price surges — projecting XRP to $7–$10.
🔍 Analysts believe surpassing this point could trigger a full bull phase.
🔄 XRP/BTC Chart: The Hidden Key?
XRP is testing a major resistance against Bitcoin that has held for ~2,200 days.
A breakout could shift market dynamics, with 500%+ upside potential, based on past trends.
🧭 The MACD indicator (momentum tracker) is close to a bullish crossover — previously a precursor to explosive gains.
📈 XRP/USD: Pennant Forming on Monthly Chart
A bull pennant pattern is visible — often a sign of continued uptrend.
If XRP closes above $2.55 monthly, it could confirm a technical breakout to:
> 🎯 Target: $18–$20+
This would represent a 400%+ move from current levels.
🧠 What Analysts Are Saying?
A popular crypto trader “XRPunkie” stated:
> “Target of $20+ XRP is a given. It shall happen by the end of this cycle.”
Analysts agree: If historical patterns repeat, this cycle could be XRP’s largest rally yet.
⚠️ Risks & Considerations
❗ Breakout not confirmed yet — key levels must hold:
XRP.D > 5.75%
XRP/USD > $2.55 (monthly close)
Market conditions, SEC regulations, and macro trends still play a role.
🏁 Bottom Line
The charts are heavily bullish 📈
$7–$10 is feasible with dominance breakout
$20+ is possible if full technical signals align
But remember: No guarantees in crypto — always manage risk 🛡️
🏁 Conclusion
Despite XRP's impressive recent performance, analysts cited by Cointelegraph stress that several technical setups suggest the token is yet to enter its true parabolic phase.
If the outlined resistance levels are broken cleanly, XRP could indeed rise toward $20 and beyond — but until then, the charts show it's still in the early stages of a full bull cycle. 📉➡️📈