XRP is making a remarkable recovery from the $2 mark, with several indicators suggesting a potential climb toward $3.30 to $3.50 in the upcoming weeks.
Key Insights:
- XRP maintains a bullish outlook above $2, with technical charts indicating targets in the $3.30 to $3.50 range.
- Resistance levels between $2.23 and $2.50 could lead to a downturn to $1.82.
XRP Daily Price Chart
XRP/USDT daily price chart. Source: TradingView
Multiple Signals Indicating a Possible 50% Surge
Last Friday, XRP managed to hold firm at the $1.95-$2.05 support range within a parallel channel. This level has consistently provided support since December 2024, with each touch resulting in rebounds of 75%-90% up to the channel’s upper limit near $3.50.
The XRP/USD pair might gain an additional 57% by year-end if the current pattern continues as projected.
Analyst Mikybull Crypto pointed out that the on-balance volume (OBV) is a primary factor for the current bullish sentiment. He clarified that a rise in OBV signifies genuine buying activity, while a dip indicates seller dominance.
For XRP, OBV rebounded from a crucial support point just when the price reached $2, indicating that real buyers entered the market rather than exiting.
XRP Weekly Chart
XRP/USDT weekly chart. Source: TradingView
Member Insights: Revisiting the $3.50 Target
According to analyst GalaxyBTC, XRP’s current configuration resembles the one that triggered its explosive breakout in 2017. He noted that the $2 level acts similarly to the mid-range support that XRP secured prior to its historic rally eight years ago.
XRP appears to be progressing within a familiar accumulation zone while adhering to the broader breakout pattern established earlier in 2025.
As the price stabilizes around $2, the potential remains for XRP to reach the upper boundary of the range, which is estimated to be between $3.30 and $3.50.
Technical Challenges Ahead
Despite the improved outlook, XRP must overcome several obstacles to maintain this upward trajectory. Currently, the token is testing the 0.236 Fibonacci retracement level near $2.23 as a resistance point.
A definitive breakthrough at this level would lead to further significant resistance at the 50-day EMA (Exponential Moving Average) and 200-day EMA, both of which have restricted XRP’s upward movements in recent weeks.
If the overwhelming trend continues, XRP may retreat towards the channel’s lower edge, potentially falling to the 0.0 Fibonacci line around $1.82 by the year’s end. Finding such a downward pressure could undermine the current bullish outlook, suggesting that the recent rise was merely a temporary blip.
