XRP price has demonstrated a potential for an upward trend, and analysts have forecasted that it may increase substantially.
The top altcoin has sustained a holding position near $2.08 while analysts believe a successful breach of key resistance zones may initiate a rally toward $6.
XRP Price Consolidation and Potential Surge to $6
Analysts have followed XRP price and noted a crucial resistance at the $2.24 level as the crypto showed consolidation around $2.08.
Crypto analyst, CasiTrades, stressed the possibility of a major price increase occurring when the crypto breaks and sustains a position above this critical level.
The analyst predicted XRP may rise toward $6 through a potential future price target.
In addition, the price movement will depend on the Ripple token remaining above its support areas, including $1.90 and $1.55.
Notably, XRP price key resistance is at $2.24, marking the 0.382 Fibonacci retracement level. If XRP establishes a lasting position above resistance, it may signal an upward shift in market trends.
Inverse Head-and-Shoulders Pattern
Another analyst, CryptoAlex, discovered an inverse head-and-shoulders pattern, a technical indicator for bullish price actions.
The analyst has forecasted that XRP may potentially break out above its main resistance barrier positioned at $2.30.
The breakthrough of $2.30 resistance could propel XRP towards the next resistance at $2.60.
Historically, when this pattern emerges, it shows an upcoming trend shift from negative to positive and signals prolonged market recovery.
Notably, the inverse head-and-shoulders pattern emerges when market prices develop sequential lower lows that transition into higher lows.
In the case of XRP, the price has formed a series of lows that are higher than the previous ones, with the formation of the right shoulder suggesting a reversal.
The successful confirmation of this pattern may push XRP price toward the next resistance zone at $2.60 as the analyst predict further movement toward $3, depending on broader market variables.
Price Action and Technical Analysis
On the technical indicators, the 1-day Moving Average Convergence Divergence (MACD) chart of XRP has maintained positive values as the MACD line reached 0.0186 while the signal line stood at -0.0472 and produced a green histogram.
Additionally, a bullish crossover pattern has emerged because the MACD line is above the signal line.
Bullish momentum is growing stronger as shown by the green histogram bars and the XRP price could rise higher if MACD sustains a position above the signal line.
On the other hand, the 1-day Bull Bear Power (BBP) for XRP measured -0.0299, demonstrating bearish market forces, but to a minor extent.
The negative value suggests that bears are in control at the moment. However, the declining bearish momentum may hint at a potential reversal if buying pressure increases.
Meanwhile, recent analysis revealed that XRP price displayed bullish indicators because it broke out of its falling wedge pattern.
The altcoin’s upward momentum pointed to rising strength after breaking out above $2.10, and both Parabolic SAR and MACD crossover showed bullish signs, while volume started increasing.
According to the analysis, XRP has the potential to rise to the $3.00–$4.50 range if it manages to close daily trading above its $2.15–$2.20 resistance area.
At the time of writing, XRP price was trading at $2.07, showing a 1.36% decline over the past 24 hours.
The price remains within a tight range, testing support near $2.05. Volume has increased by 21.11%, reflecting rising market activity.
Source: https://www.thecoinrepublic.com/2025/04/19/could-xrp-price-break-2-24-and-soar-to-6-amid-bullish-signals/