XRP is catching fresh momentum as the broader crypto market surges, with the token pushing past the $2.50 mark on July 11 — its fourth straight day of gains.
With technical indicators aligning and institutional flows increasing, some analysts believe a move toward $4 or even $5 is now within reach.
After months of trading sideways throughout 2024, XRP appears to have completed a lengthy consolidation phase. This period of quiet accumulation, which followed a breakout in late 2023, now seems to have evolved into a classic bullish pennant — a formation that often precedes further upside.
According to this setup, XRP’s recent breakout near $2.30 could mark the beginning of a new leg upward. If the historical pattern holds, the projected price range could land around $4.24, based on the height of the previous rally and measured technical projections.
The key level to watch is $3.92 — XRP’s 2025 high. A sustained break above that point would likely confirm the continuation of the rally. However, traders remain cautious, noting that a drop below the $1.90 range would invalidate the bullish pennant and cast doubt on further gains.
With Bitcoin charging toward new record highs and ETF inflows adding to the bullish pressure, XRP may continue to benefit from the broader wave of investor optimism. As the altcoin market heats up, XRP is positioning itself as one of the key assets to watch.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/market/crypto-bulls-back-xrp-for-next-big-move-what-could-be-next/