XRP’s bullish momentum is back and a well-known trading expert is predicting the asset to break above $4.5. When will that happen?
XRP has regained momentum and according to a famous trading expert, the asset could see a strong increase in the coming weeks.
Analyst Predicts Breakout for Ripple Token
This is Master Ananda and in his analysis, published on TradingView, he noted that the asset formed a series of higher lows on June 5, before recording a strong bullish move on June 8.
In the following days, XRP continued its upward trend, leaving aside the consolidation phase. The most difficult day was June 5, as the asset recorded a sharp decline and risked falling below the $2 threshold.
In his analysis, Ananda noted that the asset hit another low on May 7, while on May 12, it hit a peak. It took 24 days to complete the retracement and the asset has recorded 27 days of sideways movement. For the analyst, this is a data that signals a classic accumulation phase before a possible breakout.
XRP ’s consolidation has allowed the market to reset, positioning the asset for an explosive upside move. The analyst sets a price target of $4.51 once XRP clears the intermediate resistance at $2.71 and the one at $3.02.
If the Ripple token were to confirm this move, it could then rise back into the 4.5 range by early August , which should represent a major resistance once tested.
XRP has already seen a strong recovery from its recent lows, adding $6 billion to its market cap in a single day.
For now, a major challenge for the asset remains the $2.30 mark. Once exceeded, it would reach the $2.50 mark.
Fueling the momentum is increased on-chain activity. For example, XRP’s 24-hour trading volume increased by about 50% to $2.7 billion.
Institutional interest is also growing. On June 2, Nasdaq filed to add XRP to its benchmark Nasdaq Crypto Index (NCI) .
This is a benchmark index launched by the exchange in collaboration with Hashdex. It serves to measure the performance of the crypto market in a broad and transparent way. It currently includes Bitcoin and Ethereum, but if it were updated it would include XRP, Solana and also Cardano.
The SEC is reviewing the proposal and has until November 2, 2025 to make a decision.
If approved, the fund could mark a major step toward the inclusion of altcoins in regulated investment products.
XRP Performance
Meanwhile, XRP is trading at $2.28, up 1.59% over the past 24 hours. The weekly chart is also showing a green sign with a +2.28%
The crypto asset continues to trade below its 50-day simple moving average (SMA) of $2.30 but is above its 200-day SMA, which is positioned at $1.90.
In the short term, XRP could be in a consolidation phase while maintaining its bullish trend. Its 14-day Relative Strength Index (RSI) of 53.3 indicates neutral momentum with a slight upside bias.
Snort also in the sights of investors
XRP isn't the only altcoin on traders' radar. There's also a lot of attention on $SNORT . In addition to being a meme coin, it has developed a trading bot active on Telegram, which identifies the best opportunities in the market.
The bot allows fast and secure swaps to exchange crypto assets quickly. It also includes automated Sniping to buy new tokens as soon as they are launched and dynamic limit and stop-loss orders to schedule trades.
The token unlocks multiple features and holders will benefit from reduced fees. The SNORT token is currently on pre-sale on the project's official website.
