• XRP price has been stuck within a consolidation pattern, indicating indecision.
  • However, Ripple is ready for a big move to the upside as it inches closer toward a critical resistance level. 
  • The governing technical pattern suggests that XRP price could be headed for a 26% climb, but critical resistances may hinder its rally. 

XRP price appears to be headed for a 26% climb, but the hopes of a Ripple rally could be hampered by the multiple resistances that stand in the way of the bullish target. The cross-border remittance token could find substantial support, should the optimistic outlook be ruined. 

XRP price struggles with indecision ahead of big move

XRP price has printed a symmetrical triangle pattern on the 4-hour chart, implying that there is a general equilibrium between buyers and sellers. The heightened level of indecision may soon be over as the squeezing of the Bollinger Bands hints that Ripple could be awaiting a big move.

The governing technical pattern indicates that XRP price could either target a 26% upswing or a 26% descent from the current levels. However, the bulls are prevailing as Ripple is nearing the topside trend line of the triangle. 

Adding credence to the bullish forecast is the Arms Index (TRIN), which gauges the overall sentiment of the market. The indicator suggests that there are more buyers in the market than sellers.

Should XRP price slice above the upper trend line of the chart pattern, this could open up the possibility of Ripple reaching its optimistic target of a 26% climb to $1.40. However, before the altcoin would be able to set foot on this level, there are multiple obstacles that the bulls should be aware of.

The first hurdle for XRP price is at $1.17, where the 100 four-hour and 200 four-hour Simple Moving Averages (SMAs) coincide. The following resistance will emerge at the 78.6% Fibonacci retracement level at $1.21. Another obstacle may emerge at $1.30, the August 23 high. 

Only if XRP price overcomes all of the aforementioned resistance levels would Ripple ascend 26% to $1.40.

XRPUSDT

XRP/USDT 4-hour chart

However, the chart pattern also suggests that XRP price could be headed for a 26% plunge. Before the bearish target of $0.80 can be on the radar, Ripple may discover immediate support at the 61.8% Fibonacci retracement level at $1.10, then at $1.08 at the 50 four-hour SMA.

Further lines of defense may emerge at the lower boundary of the symmetrical triangle at $1.07, then at the support line given by the Momentum Reversal Indicator (MRI) at $1.05.

Should an unfortunate turn of events occur for XRP price, Ripple could find additional support at the 50% Fibonacci retracement level at $1.02, then at the 38.2% Fibonacci retracement level at $0.94.

 


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Dogecoin surges to $0.20 as meme coins outperform broader crypto market

Dogecoin surges to $0.20 as meme coins outperform broader crypto market

Dogecoin (DOGE) is rising alongside other major cryptocurrencies to trade at around $0.1990 on Friday. Interest in the largest meme coin is at an elevated level, approaching the highs seen in May, when DOGE rallied to $0.2597. 

Crypto Today: Bitcoin explodes toward $120,000, igniting interest in Ethereum and XRP

Crypto Today: Bitcoin explodes toward $120,000, igniting interest in Ethereum and XRP

The cryptocurrency market is beaming with anticipation of an extended rally, particularly in the price of Bitcoin (BTC), which has skyrocketed this week, hitting a new historical high of $118,870 on Friday. 

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

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

Bitcoin price prints a fresh all-time high near $118,900 on Friday, with bulls eyeing $120,000 as the next key milestone. Corporate and institutional demand remains robust, with spot Bitcoin ETFs recording a total of $1.69 billion this week as of Thursday.

Ethena records double-digit gains amid Upbit listing, Coinbase partnership

Ethena records double-digit gains amid Upbit listing, Coinbase partnership

Ethena (ENA) edges higher by 20% at press time on Friday, printing its fourth consecutive bullish day. The surge in buying pressure could be triggered by the increased volumes from the Korean market after the Upbit listing on Friday. 

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 (BTC) price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates.

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