Saad Ullah
XRP just did what it does best - broke out of a long consolidation and started running. Currently sitting at $3.11 with an 8% daily gain, the token is following its classic playbook that crypto traders know by heart. We've seen this movie before: accumulate, expand, consolidate, repeat. Right now, we're in the expansion phase, and if history rhymes, we could be looking at a move to $5.09.
Key Technical Levels to Watch:
- Current Price: $3.11
- Support Zone: $2.50–$2.80 (consolidation base)
- Near-term Resistance: $4.00
- Expansion Target: $5.09
The weekly chart tells a clear story. XRP spent months building a base between $2.00 and $2.50, and now it's breaking free with solid volume backing the move. Trader 𝐊𝐚𝐦𝐫𝐚𝐧 𝐀𝐬𝐠𝐡𝐚𝐫 highlighted this setup perfectly - the projection mirrors the previous expansion cycle, suggesting we could see nearly 65% upside from here.
The support zone around $2.50-$2.80 represents the recent consolidation foundation that's now acting as a launching pad. Volume is picking up, which usually signals that institutional money is getting involved, not just retail FOMO.
What's driving this momentum? The altcoin market is on fire right now. ETH, BNB, and SOL are all pushing near record highs, creating a rising tide that's lifting everything. Add in growing expectations for Fed rate cuts later this year, and you've got a recipe for risk-on behavior. Meanwhile, Ripple keeps building out its cross-border payment infrastructure, giving XRP real utility beyond just speculation.
The path to $5.09 isn't guaranteed, but the technical setup is textbook. If XRP holds above $3.00, that $4.00 resistance level becomes the next test. Break through there with conviction, and $5.10 starts looking very realistic. For anyone who's held through the consolidation phase, this expansion cycle could be the payoff they've been waiting for. XRP isn't just following technical patterns - it's proving its staying power in an increasingly crowded crypto landscape.
Saad Ullah
