XRP Breaks Crucial $1.50 Mark with Sustained Momentum
XRP has shown remarkable strength in recent days, skyrocketing over 180% in the last 15 days. Currently trading above the key $1.50 level, the altcoin has gained over 10% in the past 24 hours. This rally is largely attributed to positive market sentiment following the news of Gary Gensler’s departure from the U.S. SEC.
The sustained upward momentum has positioned XRP as a top performer in the crypto market, and its breakout above the crucial $1.50 mark signals a strong bullish trend.
XRP Fibonacci Breakout Hints at Higher Targets
XRP recently broke through the 78.6% Fibonacci retracement level at $1.30, a previously strong resistance zone. This breakout is considered highly bullish, with the price now aiming for the $1.60–$1.70 range. Analysts suggest that maintaining support above $1.30 could pave the way for further upward movement, with the potential to hit $2 in the short term.
XRP Key Resistance Levels and Bullish Pennant Formation
The altcoin confirmed its breakout above the $1.12–$1.13 resistance level, attracting traders as the price closed above this zone. Following this breakout, XRP achieved its first target at $1.34–$1.35, rewarding many traders with successful trades.
Additionally, a bullish pennant pattern has formed, indicating a potential price surge to $1.72, which translates to a 50% gain from the breakout point. Analysts believe this could open doors for even more upside, with XRP potentially gaining up to 177% from its current level.
XRP Price Prediction 2025: Will Ripple Hit $5?
Looking ahead, analysts project XRP could rally to $5 by the end of 2025, supported by the continuation of its Elliot Wave structure. Currently in the third wave of this pattern, XRP’s impulsive move could push the price to $5.80 before the year’s end.
XRP Price Prediction 2030: How high will XRP go?
After reaching this milestone, a corrective wave is expected, which may see XRP retrace to around $4. This retracement is anticipated to set the stage for a massive rally toward $18 by 2030, aligning with the fifth wave of the Elliot Wave cycle.
Conclusion: XRP’s Bull Run Signals More Gains Ahead
XRP’s consistent upward momentum and key technical breakouts suggest the altcoin is on track for significant price growth. With strong support levels and bullish formations in play, the crypto could hit $5 in the near term and $18 in the long run, making it a coin to watch closely in the coming months.
