- XRP holds near $2 with analysts eyeing a breakout toward $2.60, $3.00, and potentially $30.
- Symmetrical triangle pattern suggests XRP may soon break the key $2.41 resistance zone.
- Low funding rate and stable open interest point to room for bullish momentum to build.
XRP is showing signs of renewed momentum after months of sideways movement. Market analysts are pointing to key technical levels and macro trends that could support a sharp rally. Based on current patterns, XRP appears to be programmed for a move toward $30 in this market cycle.
Technical Structure Points Toward Breakout Potential
According to an analysis prepared by RisHad, a crypto analyst on X, XRP is holding near a strong buy zone at $2. He explained, “If it breaks that weak resistance, we could see a nice move up.” XRP recovered from the 200-day EMA around $2.00 and is now approaching the 100-day EMA, seen as a critical resistance level.
The zone between $2.15 and $2.22 is attracting attention, as the 50, 100, and 200-day EMAs converge here. This area could act as confirmation for a breakout if volume rises. If that occurs, the next targets are $2.60 and $3.00, which are near past resistance levels. Declining volume remains a concern, as it could delay this move.
The daily chart shows XRP has remained inside the $2.06 to $2.60 range for three months. This pattern suggests a loss in buying strength, although a break above the trendline from March could shift momentum.
Market Momentum Builds as XRP Targets Higher Levels
According to an observation by Amonyx, symmetrical triangle formations in XRP’s chart may point to an upcoming breakout. These patterns often lead to sharp moves, although they carry a 30–40% failure rate. XRP is currently facing key resistance at $2.41, which is also a high-volume node from recent months.
CoinGlass data shows XRP’s funding rate remains low at 0.00103%, indicating the market is not yet overcrowded. Open interest has stayed flat between $3.0 billion and $3.6 billion since early 2025. This combination could allow XRP to gain if buyers return.
