XRP is trading at $2.27, up nearly 2% in the last 24 hours and more than 3% over the past week. The recent momentum follows heightened speculation from technical analyst Crypto Michael, who highlighted XRP’s long-term consolidation phase.
His chart, shared on X (formerly Twitter), shows XRP compressing for seven years inside a symmetrical triangle before breaking out in late 2024—a move that sparked a 700% surge from roughly $0.60 to over $2.00.
Since then, XRP has been range-bound for seven months in what Michael describes as “healthy consolidation.” The chart identifies this post-rally phase as critical, with a white-circled zone indicating that prices are stabilising just above key resistance levels. Michael argues this consolidation phase is nearing completion.
Importantly, XRP’s technical stability is unfolding while Bitcoin hovers near its own historic resistance—an 8-year trendline. Michael suggests that Bitcoin’s move above this line could serve as the macro trigger that lifts altcoins, such as XRP, into a fresh leg higher.
XRP Technical Signals Hint at Bullish Breakout
On the 4-hour chart, the XRP price prediction appears bullish, as XRP has reclaimed the $2.2175 level, now acting as short-term support. Price is also riding along a well-defined ascending trendline from late June, creating a pattern of higher lows.
This bullish structure is reinforced by a recent bullish engulfing candle and rising Relative Strength Index (RSI), which now approaches the 60 mark but remains below overbought levels.
XRP Price Chart – Source: TradingviewThe 50-SMA currently sits at $2.2175 and has been reclaimed, a positive signal for trend continuation. XRP is also reclaiming the mid-range of its prior swing, positioning it well for a breakout above $2.285.
Key technical takeaways:
XRP/USD trades bullish above 50-SMA and ascending trendline RSI is rising, indicating growing bullish momentum Resistance at $2.285, followed by $2.337 and $2.406 Support levels: $2.2175, $2.146, and $2.080If XRP holds above $2.2175 and gains traction beyond $2.285, traders could see a push toward the $2.40–$2.47 range.
XRP Trade Setup: Breakout Retest in Focus
This setup favours breakout traders looking for confirmation and continuation. As XRP approaches $2.285 resistance, volume and candle structure will be key.
Entry (Long): $2.27–$2.29 on strong breakout close Targets: $2.337 to $2.406 Stop-Loss: Below $2.21 to manage downsideWith RSI rising, price above trendline support, and consolidation nearing its end, XRP appears well-positioned for a decisive move—especially if Bitcoin breaks its own resistance in tandem.
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