XRP Defies Market Volatility, Surges Past $2.50 Amid Bullish Outlook
Technical patterns and strong support levels fuel price recovery.

In a remarkable show of resilience, XRP has staged an impressive comeback, soaring over 25% from recent lows to trade confidently above $2.50. The cryptocurrency, which briefly dipped to $1.75 during recent market turbulence, has rebounded sharply, demonstrating robust buyer interest and reinforcing its bullish momentum.
XRP’s rally began as it found solid accumulation near the $2.00 mark, steadily climbing amid increasing market participation. Data indicates that the asset touched an intraday high of $2.78, bolstered by a substantial trading volume of $21 billion, even as overall market activity declined by 36%.
Technical analysts have taken note of XRP’s current position within its price cycle. Market expert Dark Defender highlights that XRP is presently navigating the fourth wave of its intermediate cycle, which historically precedes a significant rally. Based on this pattern, a potential fifth-wave surge could push the price toward $5.85 in the coming months.
Other prominent analysts, including EGRAG CRYPTO, have echoed similar sentiments, referencing analysis from Squeky Mouse that aligns with a potential upswing to $5.20. These projections are derived from well-established price movements and recurring technical indicators that have previously served as reliable predictors of XRP’s price trends.
Ripple’s recent release of 500 million XRP from escrow had the potential to exert selling pressure on the market, but the rapid absorption of these tokens suggests continued confidence among investors. Despite an increased circulating supply, the price has remained firm, highlighting market strength.
The hourly chart analysis shows a breakout above a long-standing bearish trend line, overcoming resistance previously set at $2.42. This movement has cleared the way for further gains, with immediate resistance now forming near $2.82.
Pro-XRP attorney John Deaton has provided an even more ambitious outlook, suggesting that XRP has the potential to surpass Ethereum in market capitalization. Deaton believes that under favorable conditions, XRP could surge to approximately $8, a level that would position it as the second-largest cryptocurrency.
Supporting indicators further affirm XRP’s strength. The MACD remains in a bullish zone, while the Relative Strength Index (RSI) consistently stays above 50, signaling sustained buyer dominance in the market.
On the support side, key levels have formed at $2.62 and $2.45, which have been repeatedly tested and have held firm. These zones provide a safety net for price retracements, reinforcing the bullish structure.
Resistance levels at $2.80 and $2.82 present short-term hurdles, but a successful break above these could lead XRP toward the psychologically significant $3.00 mark and possibly beyond.
Dark Defender’s long-term analysis includes a projection that envisions a primary wave cycle propelling XRP toward $18.22. While this remains a speculative target, it underscores the broader bullish expectations among market participants.
Current price trends indicate the formation of higher lows, a key pattern signaling a strengthening uptrend. This has been observed despite broader market fluctuations, emphasizing XRP’s resilience.
Market depth analysis shows strong buying interest during price dips, indicating that traders are accumulating positions in anticipation of continued upward movement.
From a Fibonacci perspective, XRP has retraced approximately 61.8% of its recent downturn from the $3.155 high to the $1.750 low. This level is often regarded by technical traders as a potential turning point for further upward movement.
As of press time, XRP is trading firmly above $2.50, with investors closely monitoring volume trends and resistance levels for signs of continued bullish activity. The coming days will be crucial in determining whether the cryptocurrency can sustain its upward trajectory or face renewed consolidation.
photo source / Blockonome
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