XRP Price Pattern That Will Lead to a Big Break at $3.70?

The price of XRP is in the shape of a symmetrical triangle which is probably showing a 50% breakout. The pattern, which sometimes indicates a further development of the existing trend, points to XRP moving towards the upper resistance at $2.50. If this resistance is broken, a breakout could push the XRP price above $3.

In addition, EGRAG Crypto analyst also predicts a breakout of XRP price in the first quarter of 2025 due to the triangle consolidation shown on the chart.

The price support ranges are $1.37 and $1.22 and the price resistance is $2.60 and $3.77 respectively. If the price rises above $2.60, it will open the way for further price increases and more profit. This technical analysis presents a somewhat positive view of XRP’s trajectory in the first quarter of 2025.

Another analyst, Captain Faibik, is more optimistic about XRP. He suggested the currency could jump 50% to $3.66. This projection is made from the breakout of a long-term descending wedge which is a bullish pattern. If the resistance level does not give way in a short time, we can see XRP testing the $2.00 support level or even falling further.

Moreover, the chart shows that phases of stagnation are followed by phases of accumulation and increasing upward momentum, which supports expectations of price appreciation. If XRP manages to break through these levels, this trajectory could be confirmed, boosting investor confidence.

Bullish indicators support the upward momentum

Technical analysis strengthens the case for XRP. For example, using the daily chart, the Stochastic RSI is currently reading a strong bullish trend. Also, the %K line is now crossing the %D line while both are in overbought territory at around 70.34.

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This therefore means that there is increased buying pressure and that the upward trend is likely to continue. If this momentum is sustained, XRP can easily break through other resistance levels which will strengthen the overall bull hypothesis.

Also, the MACD indicator confirms the bullish outlook for XRP. The MACD line (blue) is pointing up and is about to cross the signal line (orange) from below, indicating an uptrend.

The histogram has moved from negative to neutral territory suggesting that a reversal in the bullish trend may be taking place. If the MACD crosses, it will mean that the current trend will continue upwards.

Key levels to watch for XRP price

The $2.50 resistance level is a key level for XRP traders as they watch for a breakout. However, the price remains above the $3.70 resistance level, which could serve as the next price turning point.

Also, XRP’s Bollinger Bands on the daily chart have recently narrowed indicating that a large price range move could be imminent. This technical formation along with rising open interest of $1.98 billion is a clear indication of increased trading activity and increased market involvement.

According to experts, this combination of factors paves the way for explosive price action in 2025. If conditions remain favorable, XRP’s rise to the $11 mark seems possible.