XRP price is showing strong bullish momentum, with analysts pointing to key resistance levels that could determine its next major move. Recent technical analysis indicates that the Ripple token has successfully broken through its 4-hour resistance level, strengthening the case for a continued rally.
Analysts suggest that the top altcoin must surpass the critical resistance at $3.3999 to confirm further movement beyond the $5 mark.
XRP Price Eyes $5.85 Target as Momentum Builds – Key Levels to Watch
According to Dark Defender, XRP price has broken its 4-hour resistance, indicating an increase in buying pressure. The token must now surpass the key resistance level at $3.3999 to confirm a continuation of the bullish trend. A successful breakout could trigger a rapid price move toward higher levels.
The current support level for the Ripple token is at $2.22. Holding above this point is crucial for maintaining bullish momentum. If the token remains above support and surpasses resistance, analysts predict a price move toward $3.80, followed by a potential surge to $5.85. This scenario would align with a broader breakout pattern in the altcoin market.
Moreover, the Relative Strength Index (RSI) has formed a Golden Cross, a technical pattern that often signals strong upward momentum. This development suggests that XRP price could continue to rise as buying pressure intensifies.
If XRP maintains its bullish structure, the RSI could remain in an optimal range before reaching overbought conditions. This would allow further price gains before a potential pullback.
CasiTrades Analysis: Ripple Token Approaching Resistance
Additionally, analyst CasiTrades has identified a key trading range for XRP price, with support at $2.57 and immediate resistance at $2.70. The token has re-entered its previous consolidation pattern and is testing the upper trendline. A breakout from this range could lead to further gains.
The Fibonacci retracement levels indicate additional support zones at $2.48 and $2.42. If XRP price holds above these levels, the bullish trend remains intact. A confirmed breakout above $2.70 could accelerate price movement toward the next resistance at $3.05. Beyond this level, analysts anticipate XRP to test $3.40, aligning with a broader market uptrend.
Price Breakout Could Lead to an Altcoin Rally
The current market structure suggests that XRP is positioned for a potential breakout, which could contribute to a broader altcoin rally.
Moreover, following the recent inclusion of the Ripple token in the Strategic Reserve, XRP price could rally significantly, fueling bullish momentum in the altcoin space. While some analysts predict a more conservative target between $8 and $320, Crypto Pal’s bullish projection suggests a potential surge to $10,000 or beyond.
Meanwhile, CryptoQuant CEO Ki Young Ju has pointed out that the rising demand for stablecoins could be a key catalyst for an upcoming altcoin season. He argues that Bitcoin dominance is no longer the sole indicator of market shifts, emphasizing that trading volume now serves as a more reliable metric.
At press time, XRP price $2.61, reflecting a 7% increase in the past 24 hours. Despite a drop in 24-hour trading volume to $6.35 billion, its market cap has surged to $151.44 billion.
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