XRP price has maintained an upward trend over the past 24 hours. The token is currently trading just above the $2.3 support level. This move follows a recent bullish rally seen across the cryptocurrency market. The overall crypto market cap stands at $3.45 trillion, with a 2.41% gain in the last day.
Bitcoin is holding above $109,000, while Ethereum is sitting above $2,500. The strong showings in these digital assets remain helpful in building investors’ trust and fuel the ongoing market rally.
XRP Price Breaks Triangle, Targets $4.43
XRP price has exited a long-standing seven-year triangle pattern, indicating growing bullish momentum. The new target price following this breakout is approximately $4.43. This move reflects increased buying pressure and market confidence.
The price chart shows XRP breaking above the resistance line formed since 2018. This breakout suggests the possibility of significant upward movement. Market participants are closely monitoring the trend for further gains.
$XRP Breaks Out of 7-Year Triangle, Targets $4.43 as Bullish Momentum Builds
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According to Coinglass, growth in XRP derivatives can be observed in recent movements. Over the past week, trading activity rose by 10.91% to reach an overall volume of $2.92 billion. Demand and activity for XRP derivatives have increased recently.
Besides, the amount of outstanding contracts for XRP in derivatives rose by 2.84% to $4.78 billion. Growth in both the number of contracts being traded and the number of investors purchasing suggests that market confidence toward XRP derivatives is rising.
Ripple Spot ETF Approval Chances Rise By 83%
Polymarket data reveals that the chance of spot ETF approval for $XRP has now risen to 83%. This indicates that many people in the market now see the chances of Ripple’s ETF approval in 2025 as better than ever.
Approval rates for stimulus bills increased steadily from the first part of the year. Could improving opinions about the future lead investors to act differently on XRP?
Could Ripple Price Break Above $2.50?
The XRP price is currently trading around $2.34, with a 2% surge in the past 24-hours. The daily chart shows resistance near $2.50 and strong support around $2.00.
If the Ripple price breaks above $2.50, it could rally to $3.00 and $3.50 but the end of this month. A further surge might push the XRP price up to $4.00, marking a rally of about 70%.
The RSI, right now, is around 57, suggesting that the market’s momentum is balanced and has not peaked yet. A bullish crossover is possible with the Moving Average Convergence Divergence (MACD), which may help prices head upward. A rise in prices may be expected if we see prices piercing the current resistance.
If the price falls below $2.00, another drop might happen. The expectation is positive provided XRP stays on track and jumps over the major signs of $3.00 and those above.
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