Usman Salis
XRP (Ripple) looks like it might be gearing up for another big move, and the setup feels oddly familiar to anyone who's been watching the charts closely. The coin is currently trading around $2.50, and the technical pattern emerging now has played out twice before this year — both times leading to impressive gains.
XRP's Technical Setup Suggests Building Momentum
A recent chart analysis by crypto trader STEPH IS CRYPTO reveals XRP following a recognizable structure on the daily timeframe. The pattern centers around EMA (Exponential Moving Average) ribbons — those color-coded bands that help identify trend strength and potential reversals.
When XRP's price squeezes into these ribbons during low-volatility periods, it historically precedes sharp upward moves. Earlier this year, we saw two clear examples: a 28.94% rally in April-May, followed by an even stronger 71.74% surge in June-July. Both happened after XRP compressed within the EMA bands before breaking decisively higher. Right now, XRP sits in that same compression zone, just above the middle of the EMA cluster — precisely where it was positioned before those previous breakouts.
Key Levels and What to Watch
XRP is currently trading near $2.51, holding steady despite broader market uncertainty. The immediate support level sits at $2.45, which has acted as a reliable bounce point recently. Above that, $2.65 marks the critical resistance — the upper edge of the EMA ribbon cluster. If XRP can push through and close above $2.65 on the daily chart, it could trigger momentum-driven buying that sends the price toward $2.80 and potentially $3.20. However, if support at $2.40 breaks, we might see a temporary cooldown before the next accumulation phase begins.
Beyond the technicals, XRP's fundamentals continue to improve. Ripple keeps expanding its cross-border payment solutions, strengthening XRP's real-world utility in global finance. There's also noticeable capital rotation happening as traders move funds from Bitcoin into liquid altcoins like XRP. Plus, the ongoing resolution of Ripple's legal challenges has restored investor confidence, creating a more favorable environment for upside momentum.
The compression of XRP's EMA ribbons suggests volatility is about to expand — the only question is which direction. Based on how this pattern played out before, the odds seem to favor the bulls, especially if XRP holds above $2.45. Each previous instance of EMA ribbon convergence led to significant rallies, and if history repeats, XRP could be eyeing a return to $3.00 or higher in the coming weeks.
Usman Salis
