XRP Breakout: Ripple’s Bullish Momentum After Consolidation

XRP has shown renewed strength as Ripple’s token broke out of a long-standing consolidation phase, signaling potential upside for the cryptocurrency. The breakout has occurred on both the XRP/USDT and XRP/BTC trading pairs, lifting sentiment among traders and analysts alike and highlighting a bullish setup across multiple timeframes.

Following weeks of sideways movement, XRP has surged past key resistance levels, suggesting a shift in market dynamics. While this recent momentum hints at a possible trend reversal, traders still await further confirmation to solidify the start of a full uptrend.

Technical Analysis

XRP Against USDT

The XRP/USDT pair recently pierced through a descending wedge structure that had restricted price movement for several months. This decisive move was accompanied by a breakout above the $2.50 resistance zone, which is now acting as short-term support.

Currently, XRP is trading above both the 100-day and 200-day moving averages situated around the $2.20 level, indicating a positive trend. The Relative Strength Index (RSI) is hovering near 70, a sign that the market is nearing overbought levels and could experience some short-term consolidation.

If XRP maintains its hold above $2.50, the next potential upside targets could be $2.90 followed by $3.30. On the flip side, if it fails to hold this breakout, a retracement may follow, potentially revisiting the $2.30–$2.10 support range, particularly if market sentiment weakens.

XRP Against BTC

Turning to the XRP/BTC pair, the token has also broken out of a descending wedge that confined its movement since early March. It has regained support at the 2,200 SAT level and is currently grappling with resistance around the 2,550 SAT area. The RSI indicates bullish strength with a climb to the 60 level, suggesting momentum is building in favor of XRP.

For a sustained upward movement, XRP must convert the 100-day moving average — positioned near 2,550 SAT — into a support level. Success here could pave the way for advances toward the 2,800 SAT and 3,200 SAT zones. However, if buyers fail to push above current resistance, a pullback toward the wedge breakout point and the 200-day moving average near 2,300 SAT could take place.

Related: Expert Advice: Sell XRP If You’re Confused

Altogether, XRP’s breakout from long-standing patterns in both the USDT and BTC trading pairs positions the token for possible further gains. The key now lies in maintaining critical support levels and confirming trend reversal with consistent trading volume and strength across the board.