XRP Primed for 20% Rocket Ride—$2.51 Target in Sight After Strategic Pullback

XRP bulls are loading up as the token retests a critical breakout zone—classic ’fakeout before the breakout’ behavior that’s either genius or desperation, depending which crypto trader you ask.

The setup? A clean 20% surge target to $2.51 if resistance cracks, though skeptics note the entire rally hinges on Bitcoin not doing its usual ’crash when retail FOMO peaks’ routine.

Meanwhile, Wall Street still can’t decide if this is a ’digital asset revolution’ or just gamblers chasing the next meme stock with extra steps.

XRP Price Eyes 20% Surge To $2.51

In a TradingView post, crypto analyst Liam indicated that the XRP price could soon rally to the key resistance level at $2.15803. The analyst highlighted $2.29387 and $2.40995 as the other key resistance levels for the altcoin. Meanwhile, he mentioned that $2.18880 and $2.08373 are the key support zones to keep an eye on. 

Liam also commented on the current XRP price action and what needs to happen for the altcoin to reach this $2.51 target. He noted that the altcoin recently broke above a key consolidation range but is now pulling back to retest the breakout zone. If the support between $2.18880 and $2.08373 holds, then the altcoin could initiate a strong bullish rally towards the resistance zones, with $2.51803 as the major target. 

The crypto analyst advised market participants to closely monitor price action around the retest zone. He claimed that a strong bullish rejection from support could offer a high-probability long opportunity toward the higher targets. 

The XRP price currently boasts a bullish outlook, with the broader crypto market witnessing a reversal from recent lows. XRP’s fundamentals also support a price. CME Group recently announced plans to launch XRP futures contracts in May, while ProShares Trust XRP ETF could launch soon, which would also provide institutional investors with exposure to the fourth-largest crypto by market cap. 

$2.24 Is Also A Major Resistance To Keep An Eye On

Crypto analyst CasiTrades suggested that $2.24 is another major resistance level to keep an eye on for the XRP price.  She noted that this level has been a key focus for weeks. XRP recently broke above this level as it surged to $2.27 but faced strong rejection, and is now looking to retest $2.24 as resistance.

CasiTrades asserted that price remains vulnerable to deeper support until it can reclaim and close above $2.24. On the bullish side, the analyst claimed that this is a critical area that needs to be respected to keep bullish momentum intact. Crypto analyst Dark Defender assured that XRP will continue to climb to the top. His accompanying chart showed that the altcoin could reach as high as $8 in this market cycle. 

At the time of writing, the XRP price is trading at around $2.28, up over 5% in the last 24 hours, according to data from CoinMarketCap.