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Ripple Price Surge: XRP Eyes $2.4 Target—But Here’s Where It’s Really Heading

Ripple Price Surge: XRP Eyes $2.4 Target—But Here’s Where It’s Really Heading

Published:
2025-06-28 15:33:57
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XRP bulls are charging again as Ripple's token flirts with a $2.4 price target—but seasoned traders know the real game is spotting the exit before the music stops.

Breaking down the rally

The crypto's recent 30% weekly surge isn't just retail FOMO—institutional accumulation patterns suggest this could be more than a dead cat bounce. Liquidity pools show whales positioning for a potential breakout above the $2 psychological barrier.

Technical targets vs. reality

While chartists cheer Fibonacci extensions pointing to $2.4, on-chain data reveals massive sell orders clustered at $2.15. Someone's building an exit ramp—and it's not the bagholders.

The regulatory wildcard

Ripple's legal team keeps collecting moral victories, but the SEC still holds the deck. Any surprise enforcement action could turn this rally into a 'buy the rumor, sell the news' bloodbath.

Remember: In crypto, the 'target' is always where the smart money sells before the dumb money arrives.

The Daily Chart

Ripple continues to trade inside a long-standing descending wedge pattern, fluctuating between the $1.6 and $3.3 levels.

After briefly dipping below the psychological $2.0 support, XRP tapped into a liquidity pocket filled with sell-side stop orders, prompting a swift bullish rebound. The price has since recovered and is currently attempting to test the $2.4 resistance zone, coinciding with the wedge’s upper trendline.

However, despite the recent rally, bullish momentum remains weak, suggesting that the current MOVE may lack the strength for an immediate breakout. Unless a decisive surge above $2.4 occurs, XRP is likely to remain range-bound within the wedge.

A confirmed breakout above this structure, however, WOULD signal trend reversal and could open the door for a rally toward the $3 resistance zone.

xrp_price_chart_2806251

Source: TradingView

The 4-Hour Chart

In the lower timeframe, XRP is forming a descending channel structure that resembles a potential bullish flag – a continuation pattern often following an uptrend.

The price recently bounced off the channel’s lower boundary and rallied above the midline before pulling back to retest it, an action that suggests increased buyer interest and accumulation at the current levels.

Following this healthy retest, XRP has surged once again and is now approaching the upper boundary around $2.2. Should the price manage to break through this resistance, it would validate the bullish continuation pattern and likely drive XRP higher toward the $2.4 region, where stronger resistance awaits.

xrp_price_chart_2806252

Source: TradingView

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