XRP Eyes a Breakout to $13 as Key Indicators Flash Bullish, Says Analyst

• XRP is above its ascending channel, with rising OBV and bullish indicators suggesting a potential breakout toward $3.50-$4.
• Analyst Egrag Crypto predicts a surge to $13, with resistance at $3.40-$4. A breakout could lead to double digit price levels.
• Failure to hold $2.30 support may lead to a pullback, but long term accumulation suggests XRP is up for a substantial upside.

XRP’s price movement suggests a strong bullish trend, with an analyst pointing out critical support and resistance levels that could push the asset to a substantial rally. According to Egrag Crypto, XRP remains above its ascending channel. 

Several technical indicators, including the daily Stochastic Relative Strength Index (SRSI) and Wave Trend Indicator, indicate a potential upward movement. The On Balance Volume (OBV) is also rising, indicating increasing buying pressure that could push the asset higher.

XRP’s Momentum Builds 

XRP is holding firm above its ascending channel, suggesting sustained strength. Egrag suggests that this pattern supports an ongoing bullish trend, with buyers maintaining control. The daily SRSI is nearing an important breakout level above 20, a potential shift in momentum.

The Wave Trend Indicator, has formed a bullish cross, further supporting the positive price action. The OBV is in the green and continues to climb, suggesting that increased buying pressure is fueling the momentum. These signals indicate that XRP could be preparing for a substantial price movement in the short term.

Long Term Outlook Suggests Potential Surge to $13

XRP has been in an extended accumulation phase since 2018, forming a curved bottom pattern. This formation typically precedes substantial upward moves, as seen in past market cycles. According to Egrag Crypto, the measured move within the arc supports a long term price projection reaching $13.

The $3.40 resistance level is a major psychological barrier, followed by $3.50-$4, which aligns with previous all-time highs. A breakout beyond these points could precede double digit prices.

Key Levels to Watch 

The price is at $2.44, a steady recovery from previous lows. XRP’s major support zone ranges between $2.30 and $2.25, with historical lows at $0.30-$0.40 acting as safety. On the upside, surpassing $3 could lead to a surge toward $3.50-$4. 

If momentum continues, Egrag foresees XRP reaching $13, with projections ranging from $32 to as high as $110, based on historical patterns and technical patterns. However, failure to maintain support at $2.30 may result in retests of lower levels before another breakout attempt.

According to Egrag Crypto, the long term outlook is bullish as XRP is building momentum within its current pattern. Monitoring key resistance levels is essential to confirm and predict the next major move.