XRP Price Sets Bullish Flag Continuation On The Daily Chart, Next Stop $10?
XRP price is One of the best performing altcoins Over the past few months, the price during this period has increased from less than $0.6 to over $2.8. However, like the rest of the cryptocurrency market, the altcoin has recently succumbed to bearish pressure, pushing it back to $2. Despite this, XRP price continues to perform strongly, and the latest developments on the altcoin charts suggest that the bullish momentum is far from over.
XRP Price Shows Bullish Continue
So far, XRP price has Fluctuation in a narrow channel As bulls have been firmly holding on to the $2 support level. Cryptocurrency Analysts on the TradingView Platform point This is shown by a recent analysis that remains bullish on XRP despite its plunge.
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As the price retraces, $2 has emerged as support, while the most significant resistance currently lies below $3. In light of recent developments, cryptocurrency analysts believe this is positive for XRP price. This is because the altcoin has been setting a bullish continuation trend on the daily chart.
This bullish continuation is known to be bullish for crypto assets, especially when it ends with a breakout. For now, XRP price needs to break above current levels bullish channel to confirm this move. If this happens, XRP could rise by more than 300% from current price levels.
“Once we break out of the bullish channel, we will break out of the all-time highs and hit new all-time highs,” the cryptocurrency analyst said.
How high can the price go?
If XRP price succeeds Breakout of bullish channel From here, it’s sending momentum that could push it toward new all-time highs. Currently, the altcoin’s price is about 37% lower than its all-time high of $3.84 set in 2027. This means that an 80% drop from here would mean a new all-time high.
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According to cryptocurrency analysts, the breakout will lead to XRP price more than doubles. They predict that with this bullish momentum, the price could rise to $10-11, which would mean XRP would rise 5x and hit double digits for the first time. As for when this move might happen, the chart puts it in the first quarter of 2025.
As we all know, the first quarter of the year was bullish for cryptocurrencies, so this is appropriate for cryptocurrencies. The past two years have seen XRP Q1 ends in greenthe increase in 2023 will be 58.8%, and the increase in 2024 will be 2.37%. XRP price is up 15.9% so far in 2025, suggesting it will follow the same path as previous years.
Featured image created using Dall.E, chart from Tradingview.com
