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The price of XRP has been one of the best performing coins over the past few months, going from under $0.6 to over $2.8 in this time period. However, like the rest of the cryptocurrency market, the altcoin recently succumbed to downward pressure, pushing it back towards $2. Despite this, XRP price continues to show strength, and recent developments on the altcoin chart show that the bullish momentum is far from over.
XRP price shows bullish continuation
So far, XRP price has been ranging in a narrow channel as the bulls maintained their grip on the $2 support. Crypto analyst on TradingView platform points This was made clear in a recent analysis that paints XRP in a bullish light despite the collapse.
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As the price rebounds, $2 has been established as support, while the most notable resistance now lies below $3. Given the recent developments, the cryptocurrency analyst believes this is bullish for the XRP price. This is because the altcoin has marked an upward continuation movement on the daily chart.
This bullish continuation is known to be bullish for crypto assets, especially when it ends in a breakout. For now, the price of XRP will need to exit the trend Bullish channel To confirm this step. If this happens, XRP can expect a move of more than 300% from its current price level.
“Once we break out of that bullish channel, we will break out of the all-time highs to a new all-time high,” the cryptocurrency analyst said.
How much can the price go from here?
If XRP price manages to break out of the upward channel from here, this indicates momentum that could send it to a new all-time high. Currently, the altcoin sits about 37% below its all-time high of $3.84 in 2027. This means that an 80% move from here would mean all-time highs.
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According to the cryptocurrency analyst, there will be a hack The price of XRP more than doubled. They expect the price could rise to as much as $10-$11 from this bullish momentum, which would mean a 5x jump and the first time XRP has touched double digits. As for when this movement is likely to occur, the chart places it in the first quarter of 2025.
It is known that the first quarter of the year was bullish for cryptocurrencies, so this applies to cryptocurrencies. The past two years have seen XRP close the first quarter in the green, with a 58.8% gain in 2023 and a 2.37% gain in 2024. So far, the price of XRP has risen 15.9% in 2025, suggesting that it will follow the same path as XRP. Previous years.
Featured image created with Dall.E, chart from Tradingview.com
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