XRP To Hit $2.70 As Bullish Setup Emerges

Finance

XRP To Hit $2.70 As Bullish Setup Emerges

XRP price has been showing strong signs of bullish momentum. Analysts are predicting a potential surge to $2.70 as the cryptocurrency forms a bullish setup.

Recently, XRP‘s price movements have sparked renewed interest among investors, particularly after Bitcoin’s recent gains and a shift in market sentiment. As the asset consolidates, technical patterns suggest that a breakout could be imminent.

Technical Indicators Point to Potential Breakout

Analyzing XRP price movement in the past days, the token could be gearing up for a big move.

The cryptocurrency traded inside a parallel channel between the $2 to $3 price range. This period of consolidation began in February of 2025 after a correction from the high of $3,39 XRP in January.

The symmetrical triangle breakout in November 2024 and the ongoing consolidation phase have created an ideal environment for a potential move higher.

Several technical factors point towards a potential increase in XRP price. The technical indicator used is the Relative Strength Index (RSI), which measures momentum.

It was at 56.61 at press time, which indicated an upward trend. That meant the public was gradually developing a bullish perception.

Furthermore, the price of XRP crossed the $2.22 mark, where 50-EMA and 100-EMA were set to cross. Market experts stated that if XRP rises above that mark, it may head towards the $2.70 level.

Symmetrical Triangle and Bullish Patterns on XRP Price Chart

The emergence of a symmetrical triangle pattern has garnered attention from analysts, who believe it could act as a launching pad for XRPs price. Historically, XRP has struggled to break out of this triangle pattern, especially after facing resistance at the upper trendline.

Attempts to break through were seen in April 2021 and again in July 2023 following favorable news related to the Ripple vs. SEC lawsuit. However, those attempts ultimately failed, leading to prolonged periods of consolidation.

Source: Sistine Research

Nevertheless, XRPs recent price movementshowed signs of overcoming these obstacles. The breakout from the symmetrical triangle in late 2024 and early 2025 could signal the beginning of a new bullish phase.

Analysts from Sistine Research have been particularly bullish on the outlook for XRP. Their predictions suggested the price could rise to anywhere between $33 and $50. However, they emphasized that these forecasts were conservative.

Political Factors Boosted Market Sentiment

Another factor that explained the positive price surge in Ripples token is the change in the general market conditions. Experts link the situation to the recent comments made by the President of the United States, Donald Trump, on Jerome Powell.

Trumps clarification that he will not be sacking Powell has done much to diminish market anxiety that the Federal Reserve could experience a leadership overhaul.

Furthermore, Trump has suggested that there will be fewer tariffs on China due to the improvement in trade tensions globally. It resulted in a positive impact on the overall market. It has led to a bull run across all cryptocurrencies, including Bitcoin, Ethereum, and XRP.

Additionally, a rise in whale activity has been noted. Data shows that large investors holding between 10 million and 100 million XRP now own a more significant portion of the total supply. That signals the growing confidence in the asset.

XRP Price Breaks Key Resistance at $2.22

Amid the bullish momentum, XRP faced critical resistance levels it would need to overcome for further price appreciation. As mentioned, the $2.22 mark was a key level where the 50-day and 100-day EMAs converge.

A failure to break above this resistance could lead to a short-term correction. If XRP does not close above this level, the price may dip to the lower $2 range or even revisit the 200-day EMA near $0.96.

Source: X

A breakout past the $2.22 level may lead to XRP reaching $2.70. Analysts also recognized that level as a potential resistance target.

Another signal of a potential uptrend is building the inverse head and shoulders pattern, a well-known pattern of an upcoming bullish trend. According to crypto analyst Ali Charts, if the price continues with this upward movement, the next leg could be a higher high and might open a path towards the coveted $2.70 mark.