XRP Price Prediction: XRP Breakout Patterns Point to $2.40–$45 Surge as Analysts Compare Past Rallies
The post XRP Price Prediction: XRP Breakout Patterns Point to $2.40–$45 Surge as Analysts Compare Past Rallies appeared on BitcoinEthereumNews.com.
Ripple XRP is back in the spotlight as renewed technical setups and legal clarity fuel bullish sentiment across the crypto community. The XRP price currently trades around $2.12, climbing nearly 5% in 24 hours and sparking fresh predictions of a breakout rally that could push it well beyond recent resistance zones. While the market remains cautious, analysts are pointing to familiar historical patterns and macro shifts that could set the stage for a surge toward $2.40 in the near term—or even as high as $45 in a more extended bull run. Technical Setups Signal Imminent Breakout According to prominent chart analyst Doji, XRP’s current formation is showing classic signs of accumulation. Price action near the Point of Control (POC) at $2.40—a zone of significant trading volume—is converging with a long-standing descending resistance line. “This is a high-probability magnet for price in the coming weeks,” the analyst stated, noting that a confirmed breakout above this line would be a critical signal for a full trend reversal. Analysts expect XRP to retest $2.25 and continue its upward momentum toward $2.40 over the weekend, barring any negative news. Source: Kyle_Kinnaird on Trading View Despite recent gains, Ripple XRP remains down more than 8% over the past month, reinforcing that the broader trend still skews bearish. A prior Head and Shoulders pattern triggered a wave of downside pressure, but recent liquidity sweeps appear to have flushed out leveraged shorts. This reset may have set the stage for a relief rally, especially as the asset stabilizes above $2. Market watchers remain cautious, however. “Until we see a clean break above the descending trendline, we’re still in tactical territory,” said one analyst, urging traders to watch for confirmation before assuming a new bull phase. XRP Lawsuit Dropped: Legal Clarity Boosts Sentiment Ripple’s long-standing legal battle with…
Filed under: News - @ April 12, 2025 10:06 pm