Technical Analyst Discloses Short-Term Price Targets for XRP

XRP has been consolidating for over a month following a significant rally, with technical analysis suggesting that the cryptocurrency may soon test key resistance levels, paving the way for a potential breakout. Notably, an analysis by RLinda highlights that XRP is forming a symmetrical triangle pattern, a technical setup often indicating a continuation of the prevailing trend.

**Technical analysis — A bullish breakout in the making**

RLinda’s analysis highlights that XRP’s symmetrical triangle pattern indicates a consolidation phase where the market is building momentum.

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XRP price analysis chart. Source: RLinda/TradingView

Buyers have been aggressively defending support zones, particularly in the $2.337 to $2.50 range. This zone, situated near the triangle’s resistance, indicates that the market is gaining strength to challenge and potentially break through the $2.50 resistance level. A successful breakout above $2.50 could confirm the start of the realization phase, setting XRP on a trajectory toward higher price targets.

**XRP key levels to watch**

RLinda’s analysis points to XRP’s key levels, which will play a significant role in shaping its next major move. The $2.50 resistance is particularly significant, as a breakout above this level could accelerate upward momentum. If breached, XRP may climb toward the next targets of $2.73 and $3.05. On the downside, support levels at $2.337, $2.20, and $2 provide a strong base, with $2.337 acting as a key defense zone. However, failure to hold this support could result in extended consolidation, delaying any upward momentum and keeping XRP within its current range.

**Market fundamentals boost optimism**

Ripple’s prospects are gaining traction as the anticipated departure of SEC Chair Gary Gensler under the incoming Trump administration sparks optimism for a more crypto-friendly regulatory environment. Ripple CEO Brad Garlinghouse has dubbed 2025 the start of a “Trump bull market,” attributing the administration’s pro-crypto stance to renewed market optimism. This “Trump effect” is already energizing the broader cryptocurrency market, with XRP emerging as a standout performer. According to data from CoinShares, XRP recorded $5.7 million in inflows last week, outpacing Bitcoin (BTC) which showed a $25 million outflow, and Ethereum’s (ETH) modest $2 million inflow. Additionally, broader market dynamics, including Bitcoin’s ongoing rally, are creating a favorable environment for XRP. These factors and the technical setup point to a strong potential for an upward breakout.

**XRP price analysis**

At press time, XRP was trading at $2.34, reflecting a one-day drop of over 4%. However, on the weekly chart, the token has gained 9% as it continues to navigate market volatility.


XRP one-day price chart. Source: Finbold

While regulatory developments bring optimism for the long-term outlook, the token’s near-term trajectory appears cautiously bullish. Key market dynamics and supply-side factors continue to add layers of complexity to XRP’s performance, making its next moves critical for traders and investors alike.

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