|

Ripple’s XRP Price Prediction: XRP/USD bulls are eyeing critical resistance breakdown – Confluence Detector

  • Ripple’s XRP in the latter part of trading on Wednesday was seen holding modest gains of just over 1%.
  • XRP/USD price action has formed a bullish pennant pattern subject to a potential extended move north.

Ripple’s XRP price was seen trading modestly in positive territory, gains of some just over 1% towards the latter part of the session. XRP/USD bulls are maintaining upside momentum, with next move being calculated.

XRP/USD price action via the 4-hour chart view has formed a bullish pennant pattern, subject to an extended breakout to the upside. Should the bulls capitalize on this structure, then an attempt to breakdown chunky resistance up at $0.3400-0.3500 range could be seen.

Looking via the daily confluence detector at the next major barriers; $0.3342, 61.8% daily Fibonacci, $0.3411, 38.2% Fibonacci, and $0.3479, 61.8% monthly Fibonacci. Aside from the mentioned confluence levels, near-term resistance is eyed at the upper trend line of the pennant at $0.3350. 

XRP/USD daily confluence detector

Author

Ken Chigbo

Ken Chigbo

Independent Analyst

Ken has over 8 years exposure to the financial markets. He started his career as an analyst, covering a variety of asset classes; forex, fixed income, commodities and equities.

More from Ken Chigbo
Share:

Editor's Picks

Hyperliquid Price Forecast: HYPE rises on commodities demand amid US-Iran war

Hyperliquid (HYPE) steadies above $33 at press time on Tuesday, marking its fourth consecutive day of recovery in a broadly volatile market due to the ongoing US-Israel strikes on Iran.

Stellar Price Forecast: XLM risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

Aave Price Forecast: AAVE tests channel resistance as ParaFi Capital deposit, bearish derivatives data caps upside

Aave (AAVE) trades around $120 on Tuesday, testing the channel resistance, signaling that sellers remain active in the zone. Lookonchain data shows that ParaFi Capital transferred 42,000 AAVE tokens to Coinbase Prime over the past 10 hours, often interpreted as a potential selling signal.

CME Group's futures suite now covers over 75% of total crypto market cap

CME Group announced that its crypto futures offering now covers over 75% of the total digital asset market cap, following the launch of its Cardano (ADA), Chainlink (LINK) and Stellar (XLM) products.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.