- XRP price looks ready for another leg-up as it approaches the $0.82 support level.
- A decisive move above $0.85 will confirm a resurgence of buyers and propel Ripple to $1.
- A daily candlestick close below $0.76 will create a lower low and invalidate the bullish thesis.
XRP price set up a bullish continuation pattern from February 3 to March 11. The recent breakout saw Ripple provide gains for its holders until it began retracing. However, the altcoin seems to be making a comeback.
XRP price beckons bulls
XRP price action from February 3 to March 11 set up a bull pennant continuation pattern. This setup contains a massive uptrend also known as a flag pole followed by a consolidation known as a pennant.
The technical formation forecasts a 31% ascent to $1, determined by adding the distance between the flag pole and adding it to the breakout point at $0.76. On March 11, Ripple breached the upper trend line of the pennant, signaling the start of a bullish move.
Since then, XRP price has rallied 10% and retested the first hurdle at $0.85 and is currently trading at $0.83. A recovery from the pullback is likely going to trigger another ascent for Ripple, propelling it by 10% before reaching the next hurdle at $0.91.
Clearing these blockades will open the path for XRP price to revisit the $1 psychological level after more than two months.
XRP/USDT 1-day chart
While things are looking up for XRP price, a daily candlestick close below $0.76 will create a lower low and invalidate the bullish thesis. In this situation, investors can expect Ripple to slide lower and retest the four-hour demand zone, extending from $0.68 to $0.70.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Cardano Price Forecast: ADA profit-taking and dormant wallet activity rise as BTC dips below $100K
Cardano (ADA) price hovers around $0.54 on Monday, after falling nearly 15% last week, as tensions in the Middle East escalated following the US attack on Iran. This double-digit correction triggered a wave of liquidation, wiping out a total of nearly $17 million in long positions last week.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bears set sight on $98K BTC, $2K ETH and $1.77 XRP
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) declined by nearly 5%, 13%, and 7%, respectively, last week as tensions in the Middle East escalated. BTC is nearly at its key support level of around $100,000; a close below this level would trigger further correction.

Top Crypto Gainers Price Prediction: OKB, IP, HYPE post gains, shrug off Bitcoin’s dip to $100,000
The broader cryptocurrency market experiences a surge in selling pressure as Bitcoin (BTC) dips close to $100,000 at press time on Monday. Against this backdrop, the majority of top altcoins trade in the red while OKB (OKB), Story (IP), and Hyperliquid (HYPE) hold bullish momentum.

Analysts slap over 90% chance of approval on altcoin ETFs including XRP and Litecoin following SEC's engagement
Altcoin exchange-traded funds (ETFs) received a boost in approval odds on Friday from Bloomberg analysts James Seyffart and Eric Balchunas, with most of them now having a 90% chance of approval.

Bitcoin Weekly Forecast: The calm before the storm
Bitcoin (BTC) price remains steady above a key support level, trading slightly above $106,000 at the time of writing on Friday. The uncertainty looms as geopolitical tensions between Iran and Israel show no sign yet of an exit strategy from either side.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.