XRP today is trading steadily around $2.63, showing limited intraday movement but maintaining solid trading activity across major crypto exchanges.

Despite broader market consolidation, Ripple XRP continues to rank among the top five cryptocurrencies by market capitalization, reflecting sustained investor confidence in its long-term outlook.

Over the past month, the price of XRP has climbed nearly 15%, supported by renewed optimism surrounding Ripple’s legal progress and market recovery momentum. Analysts note that whale accumulation of approximately $560 million in October has helped strengthen XRP’s base, further fueling bullish sentiment ahead of a possible breakout.

Chart Patterns Signal a Critical Resistance Test

Technical indicators suggest that XRP is currently consolidating within an ascending channel, with upward momentum supported by the ongoing rebound from October’s lows near $2.20. According to TradingView data shared by crypto analyst Ali Charts, the current XRP price is encountering a strong resistance line at $2.80, drawn from previous highs that could act as a temporary barrier for bullish continuation.

XRP/USDT is trading within an ascending channel on the 1-hour chart, approaching a key resistance level at $2.80. Source: Ali Martinez via X

“XRP could find resistance at $2.80,” noted Ali, highlighting the possibility of a short-term pause before further gains resume. A successful close above this level could validate a breakout toward $3.20 and possibly $3.60, marking the next key upside targets for traders monitoring XRP price prediction 2025 scenarios.

Cup-and-Handle Formation Reinforces Bullish Outlook

On higher timeframes, XRP’s chart structure remains technically favorable. A weekly chart shared by Steph Is Crypto identifies a multi-year cup-and-handle pattern that has been forming since 2020 — a historically bullish formation that often precedes significant upward price movements. The pattern’s measured target sits around $2.63, which XRP has recently achieved, reinforcing the notion that the asset could be preparing for a larger move.

A bullish technical setup is gaining traction, with analysts forecasting $4–$10 rallies fueled by $560 million in institutional accumulation in October. Source: @Steph_iscrypto via X

This setup has gained traction among traders and analysts alike, with many eyeing potential rallies toward the $4–$10 range if bullish momentum continues into 2025. Several market watchers have linked this optimism to institutional inflows and the growing likelihood of a Grayscale XRP ETF approval, which is reportedly gaining momentum with a 99% approval probability next year.

Key Technical Levels to Watch

• Immediate Support: $2.40 — A strong support zone that has held multiple times this month, providing a foundation for potential rebounds.

• Near-Term Resistance: $2.75–$2.80 — The upper channel boundary and short-term obstacle preventing further upside.

• Bullish Extension Targets: $3.20–$3.60 — A confirmed breakout above resistance could drive XRP toward these higher levels in the short to medium term.

Market analysts caution that while the broader outlook remains bullish, overbought conditions on shorter timeframes may trigger minor pullbacks before the next leg higher. The XRP/USD pair remains technically constructive as long as price action holds above the $2.40 level.

Outlook: Consolidation Before the Next Breakout

In summary, XRP today remains in a consolidation phase, hovering close to $2.63 with eyes on the critical $2.80 resistance zone. The combination of strong whale accumulation, bullish technical patterns, and growing institutional confidence paints a constructive picture for XRP price forecasts into 2025.

XRP was trading at around $2.64, up 0.47% in the last 24 hours at press time. Source: XRP price via Brave New Coin

While short-term volatility may persist, the broader structure continues to support an upward trend—suggesting that Ripple XRP could soon be gearing up for its next major breakout.