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Key Insights
- XRP price forms a bull flag pattern targeting $4.00 if breakout holds.
- Support at $1.70 could trigger long-term rally toward $10.
- Funding rates stay positive, confirming strong bullish sentiment.
XRP price showed signs of a bullish continuation as it consolidated near a key resistance zone. Technical patterns indicated that a breakout could push the token toward $4.00 in the short term, with analysts setting long-term projections as high as $10.
Bull Flag Structure Suggests Upside for XRP Price
Market analyst clifton_ideas states that XRP is forming a classic bullish flag on the 2-day chart. Strong gains at first were followed by a narrow channel, which is a regular aspect of bull flag patterns.
Last week, XRP moved above its flag’s top, suggesting the start of a bullish trend. If the breakout lasts, the analyst says XRP could rise to $4.00. The target price at 84% above the breakout would be reached if momentum and higher volume help the upward move.
This setup begins with an uptrend, slowly followed by a retracement to the lower side. A move above the flag resistance hints that the bulls are grabbing control.
Experts Predict that XRP Price Could Surpass $10
Market analyst CryptoPatel has predicted what may happen in the coming three weeks. Focus is given to whether the price of XRP remains higher than $1.70, a key support for the currency. This level is near to a long-term rise starting in 2017.
After breaking through $1.80 resistance, XRP stabilized above this zone and has continued to trade in consolidation. Should this range remain strong, traders could see it forming the main platform for an extended rally. It shows that possible targets in the $10 to $14.60 area can be found using patterns seen before.
Long-term optimism about the market is supported by things happening outside the economy. Ripple has seen better regulatory treatment because the U.S. Securities and Exchange Commission no longer sees XRP as a security. Moreover, potential exchange-traded fund (ETF) rumors and increasing altcoin interest add momentum to the narrative.
XRP Price Double Bottom Pattern Supports Short-Term Recovery
A double bottom pattern could be seen on the XRP/USDT daily chart at the $2.20 area. Often, this form, called “Bottom 1 and Bottom 2, hints at a price change when the value moves over the neckline.
The upper end of the neckline is found near $2.45. Passing through this zone and showing higher trading numbers could confirm the pattern, taking XRP to the $2.90 to $3.00 area.
The RSI is at a level of 47.72, indicating that the market is not yet overbought and has potential for more gains if the bullish momentum holds. The Money Flow Index (MFI) at 58.41 reflects moderate capital inflow. Meanwhile, the Cumulative Volume Delta (CVD) shows a slight negative value at -5.96 million, but price stability near support suggests buying strength is present.
Despite the bullish market outlook, experts predict XRP might fall by 9.14% and reach $2.09 by the end of June 2025. Neutral sentiment is apparent from the technical indicators, and 74 out of 100 for the Fear & Greed Index reveals current greed. In the past month, 14 of those days, or roughly 47%, were green for XRP, with a volatility level of 5.01%.
Funding Rate Data Shows Bullish Attitude Toward XRP
The XRP funding rate chart on Coinglass has indicated mainly positive numbers since late April. Traders holding long positions are consistently paying premiums, which reflects market optimism about future price gains.
At this time, XRP prices rose from $2.10 to above $2.90. There is a clear sign of buyers showing interest because of the growing prices and high funding rates.
Over the last 30 days, XRP rose from $2.10 to above $2.90. Periods of minor negative funding failed to trigger strong reversals, highlighting the resilience of bullish demand. Analysts viewed this as confirmation of upward momentum driven by spot buying and market positioning.
Disclaimer
In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
