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XRP Volume Surges 100%—Is This the Rocket Fuel for a $4 Breakout?

XRP Volume Surges 100%—Is This the Rocket Fuel for a $4 Breakout?

Author:
Icobench
Published:
2025-05-12 19:25:42
14
1

Altcoin season is heating up, and XRP just dumped a gallon of gasoline on the fire. Trading volumes doubled overnight as speculators pile in—because nothing screams ’healthy market’ like a good old-fashioned FOMO stampede.

Can the Ripple-backed token actually 10x from here? The hopium is thick, but remember: Wall Street’s ’blockchain experts’ are still the same folks who brought you ’stablecoin’ TerraUSD. Buyer beware.

XRP Set Eyes on $3.2 Target After Descending Channel Breakout

XRP’s daily chart shows how the price has rallied after a strong break above its descending price channel. This bullish breakout was accompanied by above-average trading volumes.

xrp daily chart

Moreover, the price has now risen above the point of control (PoC), which is the area where most of the trading volume has been concentrated in 2025. This indicates that bulls are now in control of the price action.

as selling pressure at these levels has been strong throughout the year.

If XRP breaks above this level, it will encounter little resistance to reach our short-term target of $3.2. This means that the odds that XRP could rise and retest its all-time highs are at their highest point since January.

Momentum indicators are extremely bullish as the Relative Strength Index (RSI) has risen NEAR overbought levels. Although some interpret this as an early indication of an upcoming reversal, it is also a signal that the uptrend’s strength is quite high.

Hence, although the price could pull back a bit, the short-term outlook will still be bullish.

The key support levels to watch moving forward WOULD be the 21-day and 200-day EMAs. As long as the price stays above these key areas, it is highly likely that XRP will continue to rise and make higher highs.

When XRP peaked back in January 2024, the distance between the price and the 200-day EMA was 133%. The price was heavily stretched by then by all measures. Right now, that distance is much shorter at 24.8%.

If this recent bear market was just a mean reversion, the price will now be starting its ascent from a higher low. As late buyers enter and FOMO takes the reins, the odds that XRP will reach new heights are quite high.

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The post Best Crypto for Altcoin Season: XRP Trading Volumes Double – Can it Rise to $4? appeared first on icobench.com.

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