XRP Price Shows Strong Potential After 25% Weekly Surge: What’s Next?

Summary: XRP is maintaining a bullish trend above $2 with market indicators pointing towards a target range of $3.30 to $3.50. However, resistance levels between $2.23 and $2.50 could invite bearish actions, potentially driving the price down to $1.82.

Key Takeaways

XRP remains strong above $2, with technical analysis suggesting a price target of $3.30 to $3.50.
Resistance levels at $2.23 to $2.50 may trigger bearish activity, leading to a drop to $1.82.

XRP price shows strong potential after 25% weekly surge: What’s next?

Signals Indicate XRP Could Rally by 50%

On Friday, XRP successfully held the support range of $1.95 to $2.05, which is within a parallel channel.

XRP/USD weekly chart. Source: TradingView

This support zone has consistently provided backing since December 2024, with each retest resulting in rebounds of 75-90% towards the upper boundary of the channel, close to $3.50. If the current setup continues successfully, the XRP/USD pair could see an increase of up to 57% by year-end. Analyst Milkybull Crypto emphasizes that the On-Balance Volume (OBV) is a significant factor contributing to this bullish trend.

OBV Source: TradingView

OBV is a straightforward indicator used to assess whether real buying or selling is occurring. An increase indicates genuine buyers entering the market, while a decrease suggests sellers are in control. For XRP, the OBV rebounded from a crucial support level as the price hit $2, indicating that buyers were stepping in rather than exiting, according to Milkybull.

Source: TradingView

Historical Patterns Point to $3.50 Target

The current price setup for XRP closely resembles the structure that led to its major breakout in 2017, as noted by analyst GalaxyBTC. He pointed out that the $2 area is acting like the mid-range support that XRP reclaimed prior to its historic surge eight years ago.

XRP/USD weekly chart. Source: TradingView/GalaxyBTC

Currently, XRP is moving within a familiar accumulation zone while adhering to the broader breakout structure established earlier in 2025. With prices stabilizing around $2 and renewed buyer interest, GalaxyBTC believes there’s potential for XRP to revisit the upper price target of $3.30 to $3.50, reflecting the growth phase following a similar technical structure in 2017.

What Could Hinder XRP’s Bullish Outlook?

Despite the positive sentiment around XRP, it must overcome several technical challenges to confirm a sustained upward trajectory. As of Tuesday, XRP was testing the 0.236 Fibonacci retracement level near $2.23, which serves as a resistance point.

XRP/USDT daily price chart. Source: TradingView

A decisive breakout above this resistance will then encounter additional key obstacles: the 50-day Exponential Moving Average (EMA) and the 200-day EMA, both of which have limited XRP's attempts to ascend since early October. These EMAs are almost perfectly aligned with the upper trendline of XRP’s descending channel, a pattern that has steered the price lower since the summer.

If this descending pattern continues, XRP's price could drop back toward the lower boundary of the channel, posing a risk of declining to the 0.0 Fibonacci line around $1.82 by the year’s end.

Related: What is the lowest possible price for XRP after falling below $2?

Such a decline could weaken the bullish outlook and indicate that the price bounce was merely temporary or a "dead cat bounce."