XRP has again impressed with a strong increase of 13.7 % and thus shows significant signals ongoing growth. The Altcoin recently broken an important resistance at $ 2.07 and is currently stable above the $ 2.14 mark. If the momentum stops, an even greater increase could follow.
Technical analysis predicts further increase in the XRP course
The latest price development of XRP fits in a classic bullish pattern. The course has been moving in a rising channel with higher lows and highs for some time.
At the outbreak on April 12th-when XRP overcame the $ 2.07-brand-a trading volume of $ 240 million was registered. Such volumes are considered a strong sign for willingness to buy at higher prices.
The course currently fluctuates between $ 2.13 and $ 2.16 and, according to analysts, forms a so-called “bull flag” pattern. This indicates a possible continuation of the upward trend. If XRP succeeds in $ 2.22 via the next level of resistance, the path is clear towards $ 2.40. Fibonacci projections even indicate possible goals at $ 2.28 and $ 2.35.
Bullish cross
A remarkable technical development is the rare “Bullish-Cross” signal: The 55-weekema (Exponential Moving Average) Cross the 155-week average for the first time since 2017. In the same year this led to an explosive price increase of 958 %. This now awakens hope of a comparable parabolic upward movement.
Optimism among analysts: price targets of up to $ 20 and more
The broader market also supports XRP. Since the Suspension of the import tariffs Through Trump, the entire cryptoma market is back on the upper.
Meanwhile, analysts remain optimistic. Various sources expect short -term price targets between $ 10 and $ 20. Some even speak of possible highs at around $ 45, the market should be in a so -called “Blow-off-top”-Phase occur.
A bullish crossover also shows in the XRP/BTC chart. This could indicate that XRP cuts off better than Bitcoin – a rarity that usually goes hand in hand with strong price rallies.
XRP builds up momentum, but remains dependent on resistance levels
With a strong technical image, increasing volume and optimism among analysts, XRP seems to be on the way to a new growth phase. The coming days are crucial: If a clear outbreak over $ 2.22, a new course rally could be imminent.
However, if the course remains around the current levels, the bullish momentum could temporarily decrease.