 
 
Ripple Labs XRP is capturing the spotlight again as analysts confirm a bullish breakout that could drive the cryptocurrency to significant price levels.
Following weeks of consolidation, XRP surged past a critical resistance level, setting the stage for potential highs last seen in late 2024.
TradingView analyst Alan Santana announced that XRP has broken above a descending trendline, a move seen as a confirmation of bullish dominance.
The breakout followed a prolonged retracement phase after XRP’s December 2024 peak, fueled by post-election optimism.
Santana noted the shift as a pivotal moment, with broader 2025 market conditions creating a favorable environment for cryptocurrencies.
 
XRP’s current trajectory positions it to retest key price levels. Santana identified $2.90 as the first target, followed by $3.10 and a possible push to the $5 mark if momentum holds.
“The break of the pattern’s upper resistance indicates an advance to the last high, that is a minimum of $2.70,” he stated.
Cryptoinsightuk, another analyst, highlighted $2.61 as a crucial level for XRP. In a January 12 post on X, they emphasized that a close above this level would confirm a sustained upward trend.
This would mark a continuation of XRP’s strong performance, which has seen the asset gain nearly 4% over the past week.
Currently trading at $2.90, XRP remains above its 50-day simple moving average (SMA) of $2.85 and its 200-day SMA of $1.97. Analysts view these metrics as indicative of a robust uptrend. However, sustained gains above $2.50 will be critical for maintaining momentum.
XRP’s bullish breakout coincides with increased accumulation by token whales. Large-scale holders have shown renewed interest in the asset, a trend often associated with price rallies. This accumulation underpins confidence in XRP’s upward trajectory as broader market sentiment shifts.
XRP Legal and ETF Optimism Add Fuel
President-elect Donald Trump’s nomination of crypto-friendly Paul Atkins as SEC chair has signalled a regulatory shift.
Additionally, there is growing anticipation for the approval of a spot XRP exchange-traded fund (ETF).
Ripple President Monica Long recently stated that XRP is next in line for ETF approval, following the wave of Bitcoin spot ETFs introduced earlier this year. Notable applicants include WisdomTree, Bitwise, and 21Shares.