XRP price prediction: Bulls eye breakout as consolidation tightens
XRP consolidates near key resistance as traders eye breakout
XRP is currently trading at $2.3424, reflecting a slight 0.27% increase, as it holds above a key support level at $2.2810. Recent price action indicates a potential shift in momentum, with XRP breaking above a descending resistance trendline.
However, immediate resistance at $2.4465 is limiting further upside movement. On the daily chart, XRP is in a consolidation phase after a strong rally, with resistance at $2.98 acting as a cap. The 20-day EMA at $2.3484 and 50-day EMA at $2.4329 are key dynamic resistance levels, while the 200-day EMA at $1.8842 confirms a long-term bullish structure. A failure to hold $2.28 could expose XRP to deeper corrections toward $2.22 and $2.00.
XRP price analysis (Feb 2025 - Mar 2025) Source: TradingView.
Technical indicators suggest mixed sentiment
The daily Relative Strength Index (RSI) stands at 48.75, indicating a neutral market. A move above 50 could signal strengthening bullish momentum, while a drop below 45 may trigger increased selling pressure.
On the 4-hour Bollinger Bands, XRP is trading near the middle band at $2.3559, suggesting a range-bound structure. The upper band at $2.4465 acts as key resistance, while the lower band at $2.2653 provides short-term support. In the short-term price action, the 30-minute chart shows XRP forming higher lows, a bullish signal. However, unless the price decisively breaks above $2.40, a potential retracement remains in play.
What’s next for XRP?
If XRP breaks above $2.45, it could trigger further bullish momentum toward $2.60 and $2.98. Conversely, a failure to hold above $2.28 could push the price toward lower support zones at $2.22 and $2.00. The overall trend remains bullish in the medium-to-long term, but short-term traders should watch for a breakout above $2.45 for confirmation of upside continuation.
As previously discussed XRP remains in consolidation, awaiting a breakout above $2.45 to confirm bullish strength. If support at $2.28 holds, further gains toward $2.60 and $2.98 remain in play.
