Cointelegraph recently posed a question: “What’s the limit for XRP’s price growth?” XRP’s value has been on the rise and it seems there’s more to come. Here’s what you need to know:
Key highlights include:
- XRP is on the brink of a 75% boom from a symmetrical triangle pattern.
- In May, whale flows turned positive, indicating fresh accumulation.
- The $2.34–$2.40 range is a crucial resistance zone in the near term.
As of June 28, XRP has increased by nearly 6.50% over the past 24 hours, reaching $2.20. This rise is fuelled by Ripple’s decision to drop its cross-appeal against the US Securities and Exchange Commission (SEC).
This growth is part of a larger consolidation cycle following XRP’s 575% price surge since November. With the current trend, we can’t help but ask, “Can XRP’s price soar higher?”
A symmetrical triangle pattern has formed in XRP’s trend since its peak near $3.40 in February. This pattern, characterized by converging trendlines, typically signals a continuation move after a strong prior trend, which in this case is bullish.
On June 28, XRP was testing the triangle’s upper trendline for a potential breakout. The 50-day exponential moving average (50-day EMA; the red wave) near $2.20 is acting as additional resistance.
Breaking above this resistance confluence could trigger a rally toward the triangle’s upside target of about $3.81, a 75% increase from the current price, by July.
XRP’s technical setup aligns with signs of smart money accumulation. XRP’s 90-day moving average whale flows turned positive in early May, ending a long distribution period that spanned from January to April.
These hints suggest that large holders have been preparing for a significant move. For instance, similar accumulation activity began in August 2024, preceding XRP’s 420% rally in the last quarter.
As of June 28, these inflows have surpassed 2024’s levels, suggesting renewed confidence among whales. If the onchain pattern persists, XRP could reach new highs by the end of 2025, potentially verifying the symmetrical triangle’s bullish breakout target.
Binance’s XRPUSDT liquidation heatmap recognizes the $2.34–$2.40 range as a crucial resistance zone, with over $525 million in potential liquidations clustered within. These zones often act like price magnets, with dense liquidity influencing market direction.
Remember, every investment and trading move involves risk. Conduct your own research before making a decision.
