XRP’s Big Breakout: Why $2.17 Could Be the Key to Massive Gains

1 day ago 12

April 2, 2025 by Mishal Ali

Key Takeaways:

XRP faces a crucial resistance at $2.17, which must flip into support to maintain momentum.
A breakout above $2.70 could trigger a strong rally, with targets extending beyond $3.00.
Historical price patterns suggest a potential surge similar to the previous 570% rally.

XRP has reached a key decision point as it tests the $2.17 resistance level, a price that could define the next phase of its rally. The currency has been strong, recovering sharply from earlier declines and continuing to gain bullish momentum.

This price zone is key, as converting it to support would pave the way for further upward movement. Without taking back this zone, however, there is the possibility of a pullback to $2.00 before another bid to move upwards.

According to Casi Trades, the cryptocurrency is trading inside the Fibonacci Time Zone 3, a timeframe that is set to last until April and potentially be the beginning of an even larger macro trend.

Technical indicators are strong, ranging from confirmed RSI divergence and an evident structure to support price targets at the higher end.

In case of continuation of the upward trend, the cryptocurrency can soon be moving towards major levels of resistance at $2.70, $3.05, and $3.80, reflecting the likelihood of a long-term upward trend.

XRP Repeats 570% Rally Pattern, Bullish Momentum Builds

Technical expert Javon Marks has recognized one major technical breakthrough for XRP, as price activity and Relative Strength Index (RSI) both confirmed an upward trend.

This breakout is similar to one that created a whopping 570% price appreciation. The trend, as marked by symmetrical triangle formations, suggests the cryptocurrency is building up strength to pave the way for a potential major upswing.

Symmetrical triangles tend to indicate a period of market consolidation that results in a breakout, one way or another. In this case, the cryptocurrency decisively broke above the highest trendline of its recent triangle, confirming the bullish breakout.

History suggests that these breakouts have been accompanied by sharp price appreciation, reinforcing expectations of another major upsurge. The RSI breakout also favors this favorable outlook, as it indicates increasing momentum.

XRP Eyes Strong Rally if Key Levels Hold

Having technical indicators on their side that are bullish, XRP can expect to see a strong upmove if it manages to hold above crucial levels. The next hurdle at $2.70 is a crucial one, and crossing above it can unlock the way to larger price targets.

There are even some predictions that XRP can reach as high as $10 or more, as long as the initial breakout pattern is repeated. Such optimistic predictions are conditional on persistent buying pressure and favorable market sentiment.

Market sentiment on XRP is positive, fueled by increasing institutional demand for cryptocurrencies. Regulatory news and trends of increasing acceptance are potentially major drivers of XRP price trends over the next several weeks.

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