- XRP has been consolidating between $2 and $3 for the past six months after a major rally, but analysts now see signs of an imminent breakout.
- If XRP breaks above the key $2.4–$2.47 resistance level, it could surge to a new all-time high of $4.
XRP Trapped in a Price Cage Since December
After a massive 480% surge that catapulted XRP to $2.9 in early December 2024, the cryptocurrency has been stuck in a tight consolidation range between $2 and $3. This long-standing stalemate began right after President Donald Trump’s November victory, which sparked a wave of bullish sentiment across the market.
According to crypto analyst Poseidon, Ripple has been testing both ends of this range with no sustained breakout. Surging buy or sell pressure quickly pulled back brief moves outside the range—like a spike to $3.3 in January 2025 and a drop to $1.6 last month.
Three Bullish Signals Flash Green
Poseidon’s latest analysis on the 12-hour chart reveals signs that Ripple could finally be ready to break free. These include:
- A failed breakdown below the support zone
- Reclaiming the critical 200 EMA
- A new higher high, with XRP recently climbing to $2.36
He also identified a descending trendline that’s kept XRP from breaking out since May 12. For the asset to launch higher, it needs to close above $2.4—an area that’s now in reach with XRP currently hovering around $2.3.
$4 Price Target on the Horizon
If XRP confirms the breakout above $2.4, Poseidon projects a surge to $4—a 74% rally from current prices. Notably, this would set a brand-new all-time high for the token.
Adding fuel to the bullish case, fellow market expert Dom (@traderview2) is tracking the XRP/USOIL pair and believes the token is showing strength amid market “noise.” He points to the $2.47 level as the key breakout threshold, aligning with Poseidon’s analysis.
Ripple has spent six months coiling like a spring—now, the technical indicators suggest it may finally be ready to explode. If bulls can push past $2.4–$2.47, the long-anticipated $4 breakout could quickly become reality.
