XRP may be on the verge of a major price move, according to recent technical analysis. After spending approximately six months in a consolidation phase, the cryptocurrency is showing signs of renewed strength. Market observers believe this could result in a breakout, with price projections reaching as high as $4.
Market Context and Background
The consolidation trend began in early December 2024, shortly after XRP experienced a dramatic rally that saw it climb by 480%, reaching a peak of $2.90. This upward movement followed political developments in the United States, specifically the election victory of President Donald Trump in November 2024. Before the rally, XRP had been trading near $0.50.
Since reaching its local high, XRP has struggled to maintain upward momentum, entering a phase of sideways trading that has persisted for half a year. Data from technical analyst Poseidon indicates that during this period, XRP’s price has fluctuated within a relatively narrow band, primarily between $2.00 and $3.00.
6 months of consolidation now appears to be reconsolidating before new highs.
We’ve seen a failed breakdown, a reclaim of the H12 EMA 200, and now a first higher high, all clear signs of strength.If the price breaks above $2.4, I'm targeting $4 next. pic.twitter.com/uDOHxwblcH
— Poseidon (@CryptoPoseidonn) May 26, 2025
Technical Analysis and Key Indicators
According to Poseidon, the $3.00 level has acted as a significant resistance point, with bears consistently defending it. Conversely, bulls have managed to hold the $2.00 support level. While the token has briefly moved outside this range, reaching as high as $3.30 in January 2025 and dropping as low as $1.60 in April, it has repeatedly reverted to the $2.00–$3.00 zone.
Poseidon’s most recent assessment highlights three key indicators suggesting potential upward movement. These include a failed breakdown attempt, XRP reclaiming the 200-period Exponential Moving Average (EMA) on the 12-hour chart, and a newly established higher high of $2.36, observed on May 26, 2025.
He also identified a descending trendline that has suppressed upward movement since the local high of $2.60 on May 12. Poseidon states that breaking above this trendline, specifically surpassing the $2.40 resistance, would confirm a bullish breakout.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Based on current technical conditions, Poseidon anticipates that XRP could reach $4 in the near term. This projection represents a 72% increase from the current trading price of approximately $2.33. If realized, this would mark a new all-time high for the asset.
Additional Insights from Market Experts
Another market analyst, Dom (@traderview2), has been monitoring the XRP/USOIL pair. He suggests that XRP is demonstrating underlying strength despite recent market fluctuations. Dom identifies $2.47 as the critical resistance level on the USD chart. Like Poseidon, he believes that breaking above this level would validate the beginning of a sustained upward trend, while any movements below it do not indicate a change in the broader trend.
Following months of limited volatility within a defined trading range, XRP appears to be gaining momentum. With several technical indicators aligning and analysts watching closely, expectations are growing for a breakout that could lead to a significant price increase. If the predicted move materializes, XRP could reach the $4 mark, setting a new record in its trading history.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
