Analysts highlight two potential trajectories, signaling an important moment for traders and investors alike. Recent market developments and technical indicators suggest that XRP’s next moves could define its short-term outlook.
Prominent market analyst EGRAG Crypto confirmed that XRP is breaking out of a descending channel, as predicted in prior analyses. In a recent social media update, EGRAG noted that the breakout “is happening right now,” validating his earlier forecast based on the 4-hour chart.
EGRAG Crypto confirms XRP’s breakout from a descending channel on the 4-hour chart, validating the prior prediction of an ascending triangle targeting $3.12, with price holding above $2.973. Source: @egragcrypto via X
According to EGRAG, maintaining levels above $2.973 keeps the bullish structure intact, with potential targets at $3.12 and beyond. Real-time market feeds show XRP trading above $3.00, reinforcing the breakout narrative.
The chart indicates XRP had been consolidating within a descending channel while forming an ascending triangle—a pattern often preceding strong upward moves. The token repeatedly tested resistance before surging higher, confirming the projected roadmap.
Key safety nets are now critical for traders: the 21 EMA at $2.957, 100 EMA at $2.912, and a potential retest level at $2.85. These markers help manage risk while providing guidance for entering positions during this breakout phase.
Immediate Support: $2.973–$2.957
Next Target: $3.12, with room for further upside
Critical Retest Zone: $2.85
A decisive 4-hour close above the triangle and channel, accompanied by rising volume, could pave the way for a more extended rally. Analysts suggest staggered entries and stop-loss orders just below key EMAs to protect capital while capturing potential gains.
Analyst Ahmad Kazemii of TradingView has highlighted two potential scenarios for XRP as the current market cycle nears completion:
The blue path indicates a continuation of the bullish impulse, potentially lifting XRP toward $8–$9. Kazemii points out that XRP is approaching the end of its current cycle, suggesting one last upward leg before momentum slows.
Historically, XRP experienced two major rallies:
From $0.50 to $3.40 before dipping to $1.60.
From $1.60 to $3.66 before retreating to $2.69.
XRP has since recovered to just above $3, aligning with Kazemii’s projection. Analysts believe this next leg could finally push XRP past the $3.84 peak from previous cycles.
The Elliott Wave analysis for XRP outlines two potential scenarios, favoring a blue path targeting $8–$9, while noting projected PRZ levels, except $11, are not definitive tops. Source: ahmadkazemii on TradingView
The red path depicts a more ambitious rally, potentially stretching XRP toward $11 if buying pressure continues. This area is identified as a Potential Reversal Zone (PRZ), where the price could face significant resistance.
While both scenarios are bullish, analysts emphasize monitoring price reactions near resistance levels to determine which path unfolds. Other experts also see XRP approaching $10 in the near term, driven by strengthening fundamentals and market momentum.
Several factors are contributing to XRP’s bullish outlook:
Institutional Demand: CME futures trading volume exceeding $1 billion indicates rising institutional interest.
DeFi Expansion: Platforms like Flare are expanding the XRP ecosystem, boosting utility and adoption.
ETF Expectations: Anticipated XRP ETF approvals could attract fresh capital, supporting higher prices.
Analyst Dark Defender recently noted that XRP has surpassed its initial resistance levels and could reach $6 in the short term, reinforcing the broader bullish sentiment.
Today, XRP is trading above $3.00, approaching a critical technical level as market participants closely watch its next move. The breakout confirmed by EGRAG Crypto, combined with Kazemii’s dual-scenario analysis, provides traders with a clear framework: maintaining support levels and monitoring resistance zones will be key to navigating potential gains.
XRP was trading at around $3.03, up 1.27% in the last 24 hours at press time. Source: XRP price via Brave New Coin
With strong institutional demand, upcoming DeFi developments, and possible ETF approvals, XRP’s short-term outlook remains bullish, while caution around key support levels ensures disciplined trading.
Also read: XRP Price Prediction: Can XRP Break the $4 Mark as Rex-Osprey Spot XRP ETF Goes Live?
