XRP Crypto Is Consolidating: A Powerful Movement Is On The Horizon

Investors are closely monitoring XRP, an altcoin that has already experienced a spectacular surge. Its recent consolidation suggests a possible violent move, especially if technical indicators continue to point towards a breakout above the current resistance. Beyond simple price fluctuations, optimism is growing regarding a potential breakthrough above $2.90.

Technical Analysis: XRP at a Crossroads

XRP recorded a gain of 300% towards the end of 2024. Despite the volatility of the crypto market, the altcoin is currently avoiding the severe corrections seen in other majors, such as Bitcoin or Ether.

Bulls are clinging to the point of control (POC) near $2.30, awaiting a strong signal to validate a bullish trend.

The price remains above the descending trendline, a typical behavior ahead of a potential breakout.

Traders are watching the $2.15 to $2.20 range, considered critical for testing the intentions of major players. A strong bounce off this support could propel XRP towards ambitious targets, including the famous threshold of $2.91 where selling liquidity concentrates.

The emergence of a triangle or pennant formation on the 4-hour chart supports this hypothesis. Historically, XRP adheres to this type of structure, and in a bullish market, these patterns often result in an upward breakout. Thus, speculators eagerly await to see if the price will manage to break through the key resistance between $2.50 and $2.60.

Sentiment and Catalysts: Growing Crypto Optimism

On a fundamental level, several signals suggest a resurgence of confidence in the XRP ecosystem. The president of Ripple hints at a possible approval of a spot XRP ETF “very soon”. Concurrently, the recent photo of Ripple’s CEO, Brad Garlinghouse, alongside elected President Donald Trump fuels rumors of a potential rally following the inauguration.

This succession of positive announcements feeds the excitement around crypto. Santiment data further reveals a progression in the sentiment score, even though it remains below record levels from November 2024. Enthusiasm could grow even more if the asset breaks through new thresholds and if the community maintains its momentum of optimism.

Ultimately, the market structure, combined with improving sentiment, makes XRP particularly interesting to watch. A definitive break above $2.50 and $2.60 is crucial to confirm the recovery. In this context, crypto may be preparing to write a new chapter in its history, hinting at a powerful movement on the horizon despite the recent drop.