The XRP price appears poised for a significant breakout as key technical indicators signal a bullish momentum shift. The Stochastic Relative Strength Index (RSI) is now climbing out of oversold zones, signaling a potential uptrend continuation for the altcoin.
After consolidating for nearly 25 weeks above its previous range highs, XRP is now flashing signs of renewed bullish strength. ‘Cryptoinsightuk, a market expert on X (formerly Twitter), has projected a potentially aggressive price rally if technical indicators remain favorable.
The analyst’s weekly chart reveals that XRP has successfully turned a former resistance point into solid support—a classic setup for a continued uptrend. Now, the price is hovering around $2.57, maintaining higher lows after a massive surge earlier this year.
According to the analyst, this extended period of consolidation suggests that the market is stabilizing and preparing for its next big move, with technical indicators aligning accordingly.
One of the most compelling signals appears to be coming from the Stochastic RSI, which is now turning upward from oversold territory on the weekly timeframe. This crossover typically indicates that bullish momentum is re-entering the market, often indicating that sharp rallies are on the horizon.
