Key Insights:
- XRP’s RSI breakout historically led to strong rallies, signaling bullish momentum.
- Analyst predicts XRP could surge 500%, reaching $13–$14 if patterns hold.
- Stochastic RSI confirmed oversold recovery, supporting a potentially massive rally.
XRP price has shown strength after breaking out of a key technical pattern. The RSI formed a falling wedge and is now reversing, historically a major buy signal. Analysts believe this may bring another similar move to the one in November 2024, a 6X move.
RSI Breakout Signals Bullish Momentum for XRP Price
XRP’s RSI had been in a consistent downtrend for two months, forming a falling wedge. This pattern typically indicates a strong reversal once the price breaks out. Data confirms Ripple has moved above the trendline, suggesting renewed buying pressure.
Past instances of similar RSI breakouts resulted in significant price increases. Historical data showed that whenever XRP’s RSI reached oversold levels and reversed, the asset experienced sharp rallies.
A key example occurred in November 2024 when the XRP price surged nearly 6X after a similar setup. Traders are now anticipating whether this latest breakout could follow the same trajectory.
Analyst Predicts XRP Price Could Surge 500%
Crypto analyst Steph highlighted this RSI breakout in a post on X, pointing to past cycles where Ripple rebounded strongly. According to his analysis, the token recorded massive price jumps each time XRP’s RSI exited an oversold zone.
Based on historical trends, Steph projects that XRP price could see a 500% rally, reaching between $13 and $14. A key factor supporting this forecast is the current market structure.
XRP price has recovered from its recent $1.90 low and climbed above $2.50 before facing slight resistance. The analyst suggests that a parabolic rally could follow if Ripple holds its breakout level.
Stochastic RSI Supports a Bullish Reversal
Crypto analyst Steph highlighted this RSI breakout in a post on X, pointing to past cycles where XRP rebounded strongly. According to his analysis, the token recorded massive price jumps each time XRP’s RSI exited an oversold zone.
Based on historical trends, Steph projects that XRP price could see a 500% rally, reaching between $13 and $14. A key factor supporting this forecast is the current market structure.
XRP has recovered from its recent $1.90 low and climbed above $2.50 before facing slight resistance. The analyst suggested a parabolic rally could follow if Ripple holds its breakout level.
Can Ripple Price Repeat Its 6X Surge?
With this RSI breakout on the XRP price, it may rise further. Historical trends have consistently demonstrated similar patterns leading to price surges.
Analysts predict a breakout, especially after seeing earlier signals that RSI breakouts often signal further upside moves. Investors might expect a rise if the token follows this trend and continues the same pattern as in previous years.
Notably, the Ripple is $2.26 since it has sold in the last 24 hours by 4.18%. Market capitalization is now $131.4 Billion, while the trading volume over the last 24 hours is $3.42 Billion. However, the XRP’s circulating supply is at 58.1 billion tokens, with the total supply at nearly 100 billion.
Disclaimer
This article is for informational purposes only and does not provide financial, investment, or other advice. The author or persons mentioned in this article are not responsible for any financial loss that may result from any investment or transaction. Please conduct research before making any financial decisions.
