• XRP price recently flipped a supply zone into a demand area that extends from $1.340 to $1.477.
  • An 11% surge followed by a decisive close above $1.65 will add more strength to the bullish thesis.
  • A breakdown of $1.312 will spell trouble for Ripple and might invalidate it.

XRP price is showing a bullish bias after its recent upswing that cleared a crucial level. Another stiff resistance level stands between Ripple and its move to new yearly highs.

XRP price coiling up for a blast off

XRP price sliced through a resistance barrier that stretches from $1.340 to $1.477, flipping it into a support level. This move comes as the entire market, including Bitcoin, is starting to surge higher after the recent mishaps.

While the first major trouble area has been cleared, XRP price needs to shatter the supply level at $1.653 to seal its bullish fate. If such a move were to happen, the SuperTrend indicator would flash a buy signal, suggesting a shift in trend from bearish to bullish.

Additionally, this move would provide the buyers with clear skies up to $1.888, a 14% surge from $1.65 or a 25% bull rally from the current price ($1.508).

After testing $1.888, if the bullish momentum persists and the overall market structure remains bullish or neutral, investors could see the remittance token rally to new yearly highs at $1.98 or even $2.

XRP/USDT 6-hour chart

XRP/USDT 6-hour chart

While the bullish thesis is straightforward, a breakdown of the flipped demand zone's lower boundary at $1.340 would jeopardize the upswing.

However, a potential spike in selling pressure that produces a decisive 6-hour candlestick close below $1.312 will invalidate the optimistic scenario detailed above.

In such a case, market participants can expect XRP price to slide 8.5% lower to the recent swing low at $1.2.


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

Pi Network Price Forecast: A Possible bullish pattern breakout in PI teases trend reversal

Pi Network Price Forecast: A Possible bullish pattern breakout in PI teases trend reversal

Pi Network edges higher at press time on Thursday as it trades in the green for the third consecutive day. The recovery could have been driven by the launch of the new Pi Node version, while the technical outlook shares the possibility of extended gains with a bullish pattern breakout. 

Sui Price Forecast: Technical breakout aims for $4.00, supported by TVL growth

Sui Price Forecast: Technical breakout aims for $4.00, supported by TVL growth

Sui extends its breakout above the descending channel and reclaims the 100-day EMA at $3.07 as support. Sui’s DeFi Total Value Locked nears the $2 billion mark, indicating rising investor confidence.

Bitcoin eyes $120,000 as prospects of Fed rate cuts fuel market optimism

Bitcoin eyes $120,000 as prospects of Fed rate cuts fuel market optimism

Bitcoin price stabilizes around 111,000 on Thursday after hitting a record high of nearly $112,000 the previous day. Fed Minutes spark renewed risk-on sentiment as it showed officials foresee interest rate cuts later this year, boosting momentum across markets.

Crypto Today: Bitcoin's new all-time high reignites risk-on sentiment as Ethereum, XRP bulls increase exposure

Crypto Today: Bitcoin's new all-time high reignites risk-on sentiment as Ethereum, XRP bulls increase exposure

Bitcoin could extend its price discovery phase amid renewed risk-on sentiment following its new record high. Ethereum extends gains toward $2,880 critical resistance on the backdrop of rising spot ETF inflows.

Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end

Bitcoin: BTC ends Q2 with 30% gains, Standard Chartered eyes $200K by year-end

Bitcoin (BTC) closed a strong second quarter (Q2), recording nearly 30% in quarterly gains amid rising corporate and institutional demand and bullish market sentiment.

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