Key takeaways:
XRP (XRP) price is taking a pause after reaching its multimonth high of $3.66 a week ago, fueled by regulatory clarity and institutional adoption.
The resolution of Ripple’s SEC lawsuit with a $50 million fine and confirmation that XRP isn’t a security unleashed bullish momentum over the past weeks.
The launch of the ProShares Ultra XRP ETF and overall bullish sentiment in the crypto market have further solidified XRP’s bull run, driving its market cap to over $210 billion, ranking it third among all cryptocurrencies.
Let’s examine how high the XRP price can rise from here.
XRP price: Classic chart pattern eyes $4.20
On the 4-hour candle chart, XRP has entered a classic bull pennant formation, a continuation pattern marked by converging trendlines following a sharp rise.
A breakout above the pennant’s upper trendline could trigger a fresh rally, with the technical target near $4.20, calculated by adding the flagpole’s height to the potential breakout point at around $3.45.
XRP is currently holding above the 50-day exponential moving average (50-day EMA; the red wave), reinforcing bullish bias.
The relative strength index (RSI) has cooled to neutral territory near 50, allowing room for further gains without triggering overbought signals.
XRP will rise to $5-8 price range: Analyst
Popular market analyst Milkybull Crypto highlights a comparable pennant structure on XRP’s chart.
On Tuesday, he pointed out XRP’s recent surge against its prior breakout structure and identified a 1.618 Fib extension target at $5.32, with upper targets stretching toward $8 in more aggressive scenarios.
Related: XRP price breaks out: These charts predict rally toward $6
Adding to the bullish argument is a confirmed MACD crossover on the weekly chart, the first since late 2024.
The MACD line (green) has crossed above the signal line (yellow), while the histogram has flipped green, signaling a trend shift. A similar setup in late 2024 preceded a 450% rally.
XRP dominance signaling $7-10 target
Some XRP indicators are yet to confirm bullish continuation despite the price hitting record highs, according to analyst Dom.
One of them is the XRP Dominance Index (XRP.D), or XRP’s market share against the broader crypto market.
As of Wednesday, the index was at around 5.30%, below the critical weekly resistance level of around 5.50%, which, as Dom suggests, is a barrier that has capped gains for over 2,200 days.
The analyst hints at the possibility of XRP.D breaking above 5.50%, noting that such a move could double the XRP price soon after, if history is any indication.
“If history repeats, a confirmed breakout could send XRP toward $7–$10, depending on broader market momentum,” the analyst said.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
