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XRP (XRP<\/a>) has dropped nearly 30% since hitting a seven-year high of $3.39 in January.<\/p>\n Still, bullish news\u2014like Ripple\u2019s potential resolution in the SEC lawsuit<\/a> and a new license in Dubai<\/a>\u2014has fueled a rebound. As of March 24, XRP was trading for as high as $2.47, up 38% from its year-to-date low of $1.79.<\/p>\n XRP\/USD daily price chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n How high can the XRP price go from here? Let\u2019s examine.<\/p>\n XRP is climbing within a rising parallel channel, showing signs of strength as it pushes toward a crucial resistance level.<\/p>\n Key takeawas:<\/p>\n XRP\/USD has bounced after testing the channel\u2019s lower trendline as support at around $2.37, aligning with the 50-4H exponential moving average (50-4H EMA; the red wave).<\/p>\n<\/li>\n<\/ul>\n XRP\/USD four-hour price chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The pair is now eyeing a retest of $2.59\u2014the 0.618 Fibonacci retracement level\u2014which previously acted as a strong resistance capping the March 19 rally.<\/p>\n<\/li>\n A successful breakout above this resistance could see XRP testing the channel\u2019s upper trendline, located near $2.77\u2014coinciding with the 0.786 Fibonacci level.<\/p>\n<\/li>\n<\/ul>\n Related: <\/strong><\/em>XRP, Solana lead altcoin ETP inflows as Ethereum slumps \u2014 CoinShares<\/strong><\/em><\/a><\/p>\n Market analyst Dom emphasized<\/a> that XRP must stabilize above $2.50, which aligns with its all-time high volume-weighted average price (VWAP), to sustain bullish continuation.<\/p>\n<\/li>\n<\/ul>\n XRP\/USD four-hour price chart. Source: TradingView\/<\/em>Dom<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n The Relative Strength Index (RSI<\/a>) is trending above 60, indicating building bullish momentum without yet being in overbought territory.<\/p>\n<\/li>\n<\/ul>\n XRP is flashing a major bullish signal on its higher timeframe chart, with price action coiling within a symmetrical triangle that suggests a breakout rally may be on the horizon.<\/p>\n What to know:<\/p>\n A symmetrical triangle forms when the price consolidates inside a triangle-like structure after a strong uptrend or downtrend.<\/p>\n<\/li>\n It typically resolves when the price breaks out in the direction of its previous trend, rising\/falling by as much as the triangle\u2019s maximum height.<\/p>\n<\/li>\n<\/ul>\n XRP\/USD three-day price chart. Source: TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n The triangle pattern formed after XRP\u2019s 575% rally between November 2024 and January 2025, raising the prospects of further gains in the coming weeks.<\/p>\n<\/li>\n A successful breakout above the triangle\u2019s upper trendline could send XRP\u2019s price toward $4.20\u2014up about 70% from the current price levels\u2014by May.<\/p>\n<\/li>\n Analyst CrediBULL Crypto also suggests<\/a> that XRP is gearing up for a new all-time high above $3.40 in the coming weeks.<\/p>\n<\/li>\n<\/ul>\nXRP parallel channel projects $2.77 target<\/h2>\n
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XRP symmetrical triangle breakout looms<\/h2>\n
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XRP liquidation heatmap shows $2.66-2.98 as next possible targets<\/h2>\n