Analysts Predict XRP Surge After Bullish Chart Patterns

XRP appears to be gaining bullish traction, with analysts pointing to a potential breakout that could send the token toward new highs.

Technical strategist Master Ananda has spotlighted XRP’s solid base around $2.30, where the price has consistently bounced over the past ten days.

His analysis, shared via TradingView on May 27, indicates that the asset may be preparing for an aggressive upward move.

A falling wedge breakout followed by a climb within a rising channel points to sustained bullish momentum, according to Ananda.

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He also referenced Fibonacci extension metrics, suggesting that the next significant price objective could land near $6.29, though no specific timeframe was offered. He warned that the current opportunity for accumulation might disappear quickly.

Another analyst, Egrag Crypto, added weight to this outlook by identifying $2.61 and $2.65 as critical resistance levels.

A clean break above those could open the door to $3.10 or even challenge the so-called “golden resistance zone” around $3.39. He noted improving investor sentiment and a strong hold above a recent trendline breakout.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.