Peter Smith
XRP has been one of the standout performers in recent weeks, delivering impressive gains that have caught the attention of both retail and institutional investors. As the token consolidates after its latest surge, technical analysts are identifying key patterns that could signal the next major move. With additional catalyst from ETF speculation, XRP appears to be setting up for potentially significant price action.
XRP Price Forms Bullish Setup
XRP's chart is showing a textbook bull flag pattern after surging 66% from $2.20 to $3.60. Right now, XRP is trading around $2.81, staying above its 200-day moving average at $2.48 and holding key support at $2.68.
Trader @Crypt0Senseii posted this setup on X, pointing out that if bulls can push back above the $3.00–$3.08 resistance zone, we could see XRP make a run toward $5.00. The pattern suggests this breakout could happen soon.
- Current price: $2.81
- Key resistance: $3.00–$3.08
- Support levels: $2.68, $2.48 (200-day SMA), $2.20 (major base)
- Price target: $5.00 (+77% upside)
The RSI is sitting around 45 right now, which means XRP isn't overbought or oversold – basically in neutral territory with plenty of room to move once it breaks through key levels.
XRP Price Outlook: ETF Narrative Adds Momentum
There's growing excitement about the possibility of a spot XRP ETF, which could bring in serious institutional money. This buzz, combined with the strong technical setup, makes the bullish case even stronger.
If buyers can push through that $3.00 resistance, XRP could quickly accelerate toward the $5.00 target, making this one of the most interesting setups to watch in crypto right now.
XRP is holding steady near important support levels, with bulls and bears battling it out around the crucial $3.00 breakout zone. The technical pattern plus ETF speculation suggest a move to $5.00 is definitely on the table.
Peter Smith
