What Ripple holders can expect next week as XRP price coils up for explosive move to this level


  • XRP price has been struggling to overcome the $0.380 to $0.400 zone for more than nine months.
  • The three-day chart shows that the remittance token is at a pivotal point that could trigger a massive rally.
  • Invalidation of this bullish idea will occur if Ripple bears shatter the $0.336 support floor.

XRP price shows a clear struggle between the buyers and sellers or the lack thereof. As a result, the remittance token has been in a multi-month consolidation. Additionally, the relisting of Ripple on the US-based crypto exchange Coinbase, as mentioned by Paul Grewal, the platform’s Chief Legal Officer, adds credibility to the bullish thesis that is detailed below.

Read more: Will Coinbase to relist XRP?

XRP price set to climb higher

XRP price has been stuck in a downtrend since January 22 and has shed 11% to where it currently trades - $0.383. The remittance token currently auctions below the 200-day Simple Moving Average (SMA) at $0.398 and the horizontal hurdle at $0.385. 

This zone between $0.383 and $0.389 is crucial in determining the directional bias for Ripple in the coming days. 

The Relative Strength Index (RSI) and the Awesome Oscillator (AO) are two key indicators that will help in understanding the strength of a bullish breakout, should it occur. 

The RSI indicator is struggling around the midpoint at 50 without sliding down to the oversold zone. This consolidation below the median reveals that the bullish momentum is surplus, preventing sellers from taking over. 

The AO indicator is also showing a rangebound movement below the zero line, painting the same picture as the RSI. 

Both the momentum indicators are holding their own, while the XRP price is on a downtrend, which is a telltale sign of a hidden bullish divergence. This setup results in a bullish breakout. Since Ripple has been consolidating for around the $0.385 hurdle for more than nine months, a bullish breakout will have a massive tailwind to it.

The potential levels that XRP price will tag include the Fair Value Gap at $0.448 and the equal highs at $0.512. Clearing these levels without a major blow to the buying pressure could extend the northbound move to $0.609, which is the midpoint of the 68% crash witnessed between June and May 2022.

This move, in total, would constitute a 60% gain from the current level.

XRP/USDT 1-day chart

XRP/USDT 1-day chart

While the bullish outlook for XRP price makes logical sense, the unknown variables include the SEC vs. Ripple lawsuit that has been ongoing since December 2020. 

Read more: Defense lawyer John E Deaton wants to take up the SEC vs Ripple lawsuit with the Supreme Court for clarity

Additionally, the banking crisis that started in March has not reached a conclusion and could topple the bullish narrative that Bitcoin set up after rallying to $27,000 over the last week. 

Read More: Week Ahead: Crypto markets reel from the banking crisis as investors prepare for US CPI

If these events cause a sudden panic that results in a marketwide sell-off, it would jeopardize the outlook detailed above. More specifically, if XRP price breaks below the supply climax level at $0.336 support level, it would invalidate the bullish thesis.

In such a case, the remittance token could slide to tag the local bottom of the 68% crash between June and May 2022 crash at $0.288. A further spike in selling pressure could drive Ripple to retest the $0.253 support level


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


Recommended Content

Editors’ Picks

AI tokens to watch for: TAO, NEAR, ICP surge amid Google, Meta investment pledges

AI tokens to watch for: TAO, NEAR, ICP surge amid Google, Meta investment pledges

Artificial Intelligence (AI) tokens such as Bittensor (TAO), Near Protocol (NEAR), and Internet Computer (ICP) surged on Tuesday with Trump’s energy and AI innovation push. The investment pledges were made by American tech giants, including Google and Meta.

Trump strikes deal to unblock crypto bills in House, GENIUS Act set for vote

Trump strikes deal to unblock crypto bills in House, GENIUS Act set for vote

Donald Trump announced on Wednesday that 11 of the 12 House representatives have agreed to support the GENIUS Act, which outlines a regulatory framework for stablecoins. The bill could face a full vote as early as Wednesday.

Top Crypto Gainers: ENS, CRV, SEI – Bulls eye further gains amid breakout runs, golden crossovers 

Top Crypto Gainers: ENS, CRV, SEI – Bulls eye further gains amid breakout runs, golden crossovers 

The broader cryptocurrency market maintains bullish momentum, with altcoins such as Ethereum Name Service (ENS), Curve DAO (CRV), and Sei (SEI) extending gains amid Bitcoin (BTC) slipping below $118,000.

Crypto Week in jeopardy as House lawmakers fail to pass procedural motion

Crypto Week in jeopardy as House lawmakers fail to pass procedural motion

Lawmakers denied a procedural move that aimed to initiate formal deliberations on three cryptocurrency-related bills, including the GENIUS stablecoin, the CLARITY, and Anti-CBDC bills, which form the basis for the House Crypto Week.

Bitcoin: BTC hits new all-time high and enters price discovery mode

Bitcoin: BTC hits new all-time high and enters price discovery mode

Bitcoin price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates. The surge in BTC was supported by rising corporate and institutional demand, with spot Bitcoin ETFs recording a total of $1.69 billion this week as of Thursday. 

The Best brokers to trade EUR/USD

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.

BTC

ETH

XRP