Is $3.87 the Next Stop After Breaking Key Resistance?

TLDR

• XRP currently trading at $2.35, up 0.25% in 24 hours with trading volume up 31.95% to $3.77 billion
• Technical analysis shows a breakout from a falling wedge pattern with potential targets of $2.95, $3.39, and $3.87
• XRP has fallen 7.69% over the past week, indicating a short-term correction
• Price consolidating between $2.30-$2.35 after a 26% jump from the $1.85-$1.90 area
• 2025 price predictions vary widely from $2.10 to over $5.00 depending on the source

XRP is currently trading at $2.35, showing a modest gain of 0.25% over the past 24 hours. Despite this slight increase, the digital asset has experienced a 7.69% decline over the past week, pointing to an overall short-term correction in its market setup.

Trading volume has surged to $3.77 billion, marking a substantial increase of 31.95% compared to previous periods. This jump in volume indicates heightened market activity and growing interest in the digital asset.

Crypto analyst VipRoseTr has identified a breakout through a falling wedge chart pattern, which is traditionally considered a bullish formation. The asset made a strong upward move from the buy area between $1.85 and $1.90.

$XRP Breakout Active – Price Holding Above Buy Zone 🚀#XRP Since the original setup, $XRP has cleanly bounced from the buy zone at $1.85–$1.90, validating the reversal area. Price surged to a local high near $2.40, confirming the breakout above the falling channel.

✅ Current… pic.twitter.com/lfa321CxXL

— Rose Premium Signals 🌹 (@VipRoseTr) May 20, 2025

This movement resulted in a local high around $2.40, representing a 26% gain from the reversal area. The direction of this move aligns with the break above the wedge resistance line.

XRP is now consolidating in the $2.30 to $2.35 range, which analysts describe as happening in a constructive manner. This consolidation above the $2.30 level suggests the potential for continued upward momentum.

Technical Indicators Point Upward

The downtrend, characterized by declining resistance and sloping descending support, has shown decreasing bearish pressure. When XRP broke above the top limit of this downtrend, it provided technical verification for a reversal in the trend.

With the current consolidation remaining above $2.30, experts anticipate the continuation of this bullish pattern. Price targets identified by analyst VipRoseTr include $2.95, $3.39, and $3.87, along with potential areas of resistance.

Traders are waiting for a break above $2.50, which could trigger the next leg up in price action. Key to sustaining this upward trajectory will be maintaining support above the $2.20–$2.30 area.

The volume indicators during the breakout have validated the move, providing additional confirmation of the bullish trend. There appears to be an indicator on the chart for June, suggesting an upcoming event or turning point.

On the hourly chart, a connecting bullish trend line is forming with support at $2.3580. The price is trading above $2.38 and the 100-hourly Simple Moving Average, further confirming the bullish outlook.

The hourly MACD for XRP/USD is gaining pace in the bullish zone, and the RSI is now above the 50 level, both technical indicators supporting the positive momentum.

XRP might face resistance near the $2.410 level. The first major resistance is around $2.4320, followed by $2.450. A clear move above $2.450 might send the price toward $2.50, with further targets at $2.550 or even $2.5650 in the near term.

If XRP fails to clear the $2.450 resistance, it could start another decline. Initial support is near $2.3650, with the next major support at $2.3580 and the trend line.

Market forecasts for XRP in 2025 vary widely. Some projections suggest a rise to $3.84 and possibly beyond $5.16 by the end of 2025. These bullish forecasts depend on sustained investor optimism and breaking past the existing all-time high of $3.84.

However, not all analyses share this optimistic view. Changelly’s analysis predicts a more conservative price target of up to $2.10 in 2025, with an average price of $2.34, implying a negative investment return of -11.4%.

May 2025 projections estimate XRP prices between $2.04 and $2.34, averaging close to current figures. These divergent forecasts highlight the uncertainty in predicting future price movements in the volatile cryptocurrency market.

The most recent data shows XRP testing the $2.3350 zone, with a low formed at $2.33360 before beginning to move higher again. The price has cleared several key resistance levels, including the 50% Fibonacci retracement level of the downward move from the $2.4315 swing high to the $2.3360 low.