XRP has been one of the best performing cryptocurrencies in recent months, rising from $0.6 to over $2.8. However, negative pressure has pushed the cryptocurrency back to near $2, like the rest of the crypto market. However, the price of XRP has continued to rise, and recent changes in the chart suggest that the bullish momentum is not over yet.
XRP price continues to rise
XRP has been range bound as bulls hold onto $2 support. A crypto researcher at TradingView recently portrayed XRP as bullish despite the decline.
The price pullback has proven to be support and resistance below $3. The recent events are bullish for XRP, according to the cryptocurrency expert. Because the cryptocurrency has been confirming bullish moves on the daily chart.
Bullish continuations, especially breakouts, are bullish for the cryptocurrency. XRP must break its ascending channel to validate this trend. XRP could surge more than 300% if this happens.
“Once we break out of that uptrend channel, we will break our all-time highs to a new high,” the crypto expert added.
A breakout from the ascending channel from here could see XRP reach an all-time high. The cryptocurrency is down 37% from its 2027 high of $3.84. An 80% advance from here would suggest record highs.
Cryptocurrency expert predicts XRP to double after breakout. They expect XRP to rise 5x to $10-11 in the current uptrend, marking the first time it will reach double digits. The chart predicts Q1 2025 for this move.
Given that the first quarter is positive for cryptocurrencies, this is fitting. XRP closed the first quarter in the green in 2023 and 2024, gaining 58.8% and 2.37%, respectively. As of 2025, XRP is up 15.9% in value and is expected to continue its upward trend.