XRP price prediction: Consolidation signals potential breakout toward $3.20
XRP price breakout above $2.95 could signal bullish momentum
XRP has been trading within a symmetrical triangle pattern on the 4-hour chart, indicating a potential breakout scenario. Currently, the support zone is between $2.20 and $2.30, while the resistance stands at $2.95 to $3.00.
Price action suggests that XRP is consolidating, potentially accumulating strength for an upward breakout. If the price manages to close above $2.95 with strong volume, it could rally towards $3.20 and $3.40. However, failure to sustain above $2.40 may trigger a retest of lower support at $2.10.
XRP/USD price dynamics (Feb 2025 - Mar 2025) Source: TradingView.
Technical indicators suggest a neutral-to-bullish trend
On the daily chart, XRP recently faced rejection at $2.90, yet higher lows indicate ongoing bullish momentum. The Exponential Moving Averages (EMA) provide key insights into trend strength. The price is currently hovering around the 50 EMA ($2.44) and 100 EMA ($2.43), reflecting a neutral-to-bullish trend. The 200 EMA at $2.50 acts as a resistance, and a break above this level would reinforce bullish momentum.
The Relative Strength Index (RSI) is at 54.99, suggesting that XRP is neither overbought nor oversold. A rise above 60 could indicate bullish strength, while a drop below 50 may confirm weakness. Additionally, Bollinger Bands show that XRP recently tested the upper band near $2.87, faced rejection, and is now consolidating around the midline at $2.50, suggesting reduced volatility before the next major move.
What’s next for XRP? Key levels to watch
The MACD indicator currently presents a neutral stance, with the MACD line (0.0277) slightly above the signal line (0.0338), indicating a lack of strong confirmation in either direction. A clear crossover of the MACD line above the signal line could signal the start of a new bullish rally.
According to a review by Traders Union, Coinbase is an excellent choice for trading XRP, offering a vast selection of cryptocurrencies, hassle-free registration, and top-tier security.
If XRP breaks above $2.95, it could confirm a bullish rally toward $3.20 and potentially $3.40. Conversely, failure to maintain $2.40 could lead to a bearish retest of $2.10. The moving averages and RSI suggest a neutral market stance, while the Bollinger Bands indicate decreasing volatility, hinting at an imminent breakout. As previously discussed traders should closely monitor volume and price action around resistance levels for confirmation of the next trend.
