XRP: The Dark Horse Crypto Primed for a Breakout?

While Wall Street sleeps on digital assets, XRP’s chart patterns hint at an imminent surge. The token—long overshadowed by flashier altcoins—has been quietly consolidating at a key support level.

Technical indicators suggest a 30% upside if bulls breach the $0.55 resistance this week. Of course, in crypto-land, ’imminent’ could mean anything from 10 minutes to 10 months—because who needs predictable markets when you’ve got hopium?

Watch the RSI divergence closely: either we’re witnessing the calm before the storm, or yet another ’buy the rumor, sell the news’ circus. Either way, grab your popcorn.

XRP is facing a rocky week, as it dropped over 7% and slipped below key levels. Technical signals show selling pressure, but despite short-term weakness, there are some bullish signals.

XRP’s Technicals Show Bearish Picture

XRP slipped below its key support at $2.23 on Friday, dropping 4.65%, and is now hovering around $2.15. If the price fails to climb above $2.23, then it could further fall to $1.96.

Technical indicators show that XRP is under pressure. The 24-hour trading volume dropped by 37% to $1.51 billion, showing cooling interest in the spot market. Futures activity also slowed, with volume down 37.85% and open interest dipping to $3.9 billion, as per data from Coinglass. 

The RSI is at 40.82 is close to oversold levels, but no signs of reversal yet. Most moving averages signal sell, except the 200-day EMA, which still supports the long-term trend. The MACD also remains bearish. If XRP bounces back, it could retest the 50-day EMA NEAR $2.27.

XRP has shown market indecision with a “doji” candlestick, indicating that the recent rally might be losing steam. Despite this, the bullish bets remain high on Deribit, with many traders holding call options between $2.60 and $3+, which shows confidence in a price rise. The most popular call is at $4, with big upside expectations.

XRP Long-Term Prediction

Analyst Dark Defender recently shared that XRP is building a new weekly wave pattern, pointing to a surge toward $18.22–$23.20 soon. The $5.85 level is a key mid target. This follows the same pattern from November 2024. 

Some analysts say XRP could jump to $25–$75 by mid-2025 thanks to new projects, legal updates, and ETFs creating supply shortages. While others expect a more conservative rise to $8–$10 by the end of the year, due to its growing institutional appeal.