XRP price ‘looking very bullish’ after 25% weekly gain: How high can it go?

3 hours ago

XRP (XRP) rebounded astir 25% from the $2 intelligence level successful the past week, with tailwinds from strong regular ETF inflows exceeding $164 cardinal pursuing the motorboat of Grayscale's GXRP and Franklin Templeton’s XRPZ.

Key takeaways:

XRP stays bullish supra $2, with illustration technicals pointing toward $3.30–$3.50.
Resistance astatine $2.23–$2.50 tin bring backmost the bears for a driblet to $1.82.

Multiple XRP signals unfastened the mode for a 50% rally

On Friday, XRP defended the $1.95–$2.05 enactment set of a prevailing parallel channel.

This portion has repeatedly acted arsenic enactment since December 2024, with each retest starring to bounces of 75-90% to the channel’s precocious bound adjacent $3.50.

The XRP/USD brace whitethorn summation arsenic overmuch arsenic different 57% by year’s extremity if the setup plays retired arsenic intended.

Analyst Milkybull Crypto further cited the behaviour of On-Balance Volume (OBV) arsenic a cardinal crushed for the bullish shift.

OBV is simply a straightforward method for determining whether existent buying oregon selling is occurring down the scenes. When it rises, it means genuine buyers are stepping in; erstwhile it drops, sellers are successful control.

For XRP, OBV bounced from a large enactment country close arsenic the terms touched $2. That’s important due to the fact that it shows existent spot buyers stepped in, alternatively of exiting, said Milkybull.

XRP’s 2017 fractal setup reiterates $3.50 target

XRP’s existent operation intimately mirrors the setup that sparked its explosive 2017 breakout, according to expert GalaxyBTC.

In a Tuesday post, helium noted that the $2 portion is behaving overmuch similar the mid-range enactment XRP reclaimed conscionable earlier its historical rally 8 years ago.

XRP is erstwhile again bouncing wrong a acquainted greenish accumulation portion portion inactive respecting the broader breakout operation established earlier successful 2025.

With prices stabilizing astir $2 and buyers stepping backmost in, GalaxyBTC saw the imaginable for XRP to revisit the precocious bound adjacent $3.30–$3.50, echoing the enlargement signifier that followed a akin method setup successful 2017.

What could alteration the bullish XRP view?

Despite the improving sentiment, XRP inactive needs to wide respective method hurdles to corroborate a sustained upside move.

As of Tuesday, the token was investigating the 0.236 Fibonacci retracement level adjacent $2.23 arsenic resistance.

A decisive breakout supra this level volition past look the pursuing important barriers: the 50-day EMA (red) and 200-day EMA (blue), some of which person capped XRP’s upside attempts since aboriginal October.

However, these EMAs beryllium astir precisely astatine the precocious trendline of XRP’s descending channel, successful a signifier that has guided the terms little since the summer.

If this signifier holds, XRP terms volition rotate backmost to the channel’s little boundary, with a imaginable driblet toward the 0.0 Fib enactment adjacent $1.82 by the extremity of the year.

Such a determination would weaken the bullish setup and suggest the bounce was lone impermanent oregon a “dead cat.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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