The XRP price has been one of the best altcoin performers over the last few months, going from below $0.6 to over $2.8 in this time period. Nevertheless, like the rest of the crypto market, the altcoin recently succumbed to bearish pressure, pushing it back toward $2. Despite this, the XRP price has continued to show strength, and recent developments on the altcoin’s chart indicate that the bullish momentum is far from over.
XRP Price Shows Bullish Continuation
So far, the XRP price has been ranging in a tight channel as bulls have maintained a strong hold on the $2 support. A crypto analyst on the TradingView platform points this out in a recent analysis that depicts XRP in a bullish light, despite recent market fluctuations.
With the price retracement, $2 has been firmly established as support, with notable resistance now sitting below $3. Given these recent developments, the crypto analyst is optimistic about XRP’s prospects, believing that the altcoin is signaling a bullish continuation on the daily chart.
This bullish continuation is generally favorable for crypto assets, especially when it culminates in a breakout. For now, the XRP price needs to escape the current bullish channel to confirm this upward trend. If such a breakout occurs, XRP could potentially see an upward movement exceeding 300% from its current price levels.
“Once we get a break out of that bullish channel, we will break all-time highs well into a new all-time high,” the crypto analyst stated.
How High Can Price Go From Here?
If the XRP price manages to break out of the bullish channel, this would indicate momentum that could propel it to a new all-time high. As it currently stands, the altcoin is approximately 37% below its all-time high of $3.84 set back in 2027, suggesting that an 80% increase from the current pricing would achieve new record levels.
According to the aforementioned crypto analyst, this breakout could result in the XRP price more than doubling, with predictions indicating a rise to levels between $10-$11. This would mark a fivefold increase, representing the first instance of XRP reaching double digits. The timing of this potential movement is projected for Q1 2025.
Historically, the first quarter of the year has been particularly favorable for cryptocurrencies, aligning with XRP’s performance trends. The last two years have seen the asset close out Q1 in the green, with notable gains reaching 58.8% in 2023 and 2.37% in 2024. Currently, XRP has appreciated by 15.9% in 2025, hinting that it may be on track to replicate its previous successes.
