Ripple Price Prediction: XRP Faces Market Pressure—But Breakout Could Be Imminent

XRP is navigating a critical phase, as market pressures challenge its recent momentum, yet many analysts remain optimistic about an impending breakout that could redefine the token’s trajectory.

Despite some selling pressure, key technical signals and on-chain data suggest XRP may be poised for a significant upward move in the near term.

XRP Price Holds Steady Amid Market Pressure

XRP’s price today hovers around $2.98, showing resilience despite recent market fluctuations. The token faces ongoing resistance from major selling venues, but its consolidation below $3 masks underlying strength developing quietly over several months.

XRP’s monthly chart shows a rare bullish setup, with historical momentum patterns suggesting a potential surge to the $8.70–$15 range in the short to medium term. Source: Cryptoinsightuk on YouTube

According to technical analyst CryptoInsightUK, XRP’s breakout from a prolonged six-year consolidation phase signals the start of a new bullish cycle. “This is just the start,” he said, highlighting XRP’s rare monthly chart alignment and its sustained move above the 2018 all-time high.

The analyst’s base case projects XRP reaching between $8.70 and $15 in the short-to-medium term, with momentum indicators like the monthly RSI pointing toward potentially parabolic price gains. This sentiment aligns with previous cycles where similar RSI readings preceded large rallies exceeding 700%.

Market Influence: Upbit’s Role in XRP Price Movements

A closer look at XRP’s price action reveals a nuanced dynamic influenced heavily by the South Korean exchange Upbit. Market observer “Dom” (@traderview2) on X highlighted Upbit’s outsized impact on XRP’s price through detailed cumulative volume delta (CVD) data across major trading platforms. His analysis suggests that a recent easing of selling pressure on Upbit coincided with XRP finding a local bottom, despite continued selling from Binance and other venues.

Upbit’s paused selling may have triggered XRP’s rebound, with steady Coinbase accumulation suggesting growing bullish momentum. Source: Dom via X

Upbit’s XRP/KRW trading pair commands significant volume—nearly a quarter of the exchange’s total turnover—underlining the platform’s importance in shaping XRP’s global price. “Korean market Upbit may actually control the price of XRP more than we think,” Dom remarked. This regional retail enthusiasm has historical roots and continues to play a pivotal role in the token’s price dynamics.

Technical Signals Point Toward a Potential Breakout

The convergence of XRP’s chart patterns, liquidity flows, and technical momentum paints a cautiously optimistic picture. CryptoInsightUK points to the relative strength of XRP versus Bitcoin as an indicator of market confidence. XRP/BTC charts show significant gains from key support levels, with monthly closes outperforming many recent periods.

Despite recent volatility, XRP remains bullish on higher timeframes, with key indicators and support levels signaling a potential move higher. Source: EbonyFalcon on TradingView

Moreover, futures premium data shows a negative premium pattern reminiscent of prior rally setups. Historically, this kind of market condition has preceded strong upward moves in XRP’s price, reinforcing the case for an imminent breakout.

Looking Ahead

While the price of XRP today faces headwinds, the broader technical landscape and on-chain evidence suggest the token is building a foundation for a significant rally. Market participants should remain aware of the volatile nature of such breakouts, which may not follow a straight path but could ultimately bring XRP closer to ambitious targets such as $15 and beyond.

XRP was trading at around $2.98, down 1.83% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

The ongoing Ripple lawsuit updates and regulatory clarity could further influence investor sentiment, adding fundamental support to the technical outlook. As always, traders and holders should monitor key support and resistance levels, alongside volume trends on major exchanges like Upbit, to gauge XRP’s next moves.

If XRP successfully navigates current market pressures, traders could see renewed momentum that sets the stage for an exciting phase in the token’s price evolution. Keeping an eye on technical patterns and regional market flows will be key to understanding whether this breakout is just around the corner.