- XRP has spent six months consolidating between $2 and $3 after a massive rally in December 2024.
- Analysts now believe the token is showing strong bullish signals and could surge to a new all-time high of $4 if it breaks key resistance around $2.47.
XRP Stuck in Limbo Since December Surge
After an explosive 480% rally that took XRP from $0.50 to $2.90 in December 2024, the token has spent the last six months in a frustrating sideways consolidation. The rally followed President Donald Trump’s victory, which sent shockwaves through the crypto market and propelled XRP to a six-year high. Since then, however, the token has hovered between $2 and $3, unable to break free from this tight range.
On the 12-hour chart, crypto analyst Poseidon highlights how XRP has bounced between strong support at $2 and resistance at $3, with occasional deviations. A surge to $3.3 in January and a dip to $1.6 in April failed to hold as traders quickly pushed prices back into the range.
Bullish Signals Suggest a Breakout Is Near
According to Poseidon’s latest analysis, XRP is showing signs of strength that suggest a breakout may be imminent. He cites three critical indicators:
- A failed breakdown below $2
- Reclaiming the 200 EMA on the 12-hour chart
- A new higher high at $2.36 on May 26
These signals suggest the bulls are gaining control. Poseidon identifies a descending trendline from the May 12 high of $2.60 that currently caps XRP’s price action. To confirm a breakout, the token must surge past $2.40.
$4 Target in Sight — A New All-Time High?
If XRP can break above this trendline, Poseidon believes it will soar to $4 — a bold 74% rally from its current price of $2.30. Such a move would mark a new all-time high for XRP, igniting investor enthusiasm.
Market expert Dom (@traderview2) echoes this sentiment, watching the XRP/USD pair closely. He emphasizes that the $2.47 resistance is the key breakout level and calls any movement below it “just noise.” If XRP clears this threshold, Dom believes a massive surge could follow.
As technical signals align and bulls gain momentum, Ripple might finally be ready to break its six-month silence — and aim for a historic new high.
