23 XRP Price is exhibiting a consolidation phase reminiscent of patterns observed in 2024, signaling a potential significant price movement. This period of low volatility often precedes substantial rallies, as seen in previous market cycles.Currently, XRP is trading around $2.49, with technical indicators suggesting a bullish trend. The Relative Strength Index (RSI) stands at 61.22, indicating moderate bullish momentum without being overbought. Additionally, XRP’s price is above key moving averages, including the 10-day SMA at $2.42 and the 20-day SMA at $2.18, reinforcing the upward trajectoryA Familiar Pattern: XRP Price Shows Low Volatility Before Big MovesCurrently trading around $2.49, XRP Price is in a tight consolidation range. This quiet phase is deceiving—it closely resembles the calm before the storm seen in 2024 when XRP Price surged by over 350%, going from $0.61 to a high of $2.71. Back then, this move was fueled by macro factors such as the Bitcoin halving and significant progress in Ripple’s legal battle with the SEC.Today’s indicators show similar signs. The Relative Strength Index (RSI) sits at 61.22, pointing to a moderate bullish bias, while the XRP Price remains comfortably above all major moving averages, including the 10-day and 20-day SMAs. These signals are often precursors to price expansion.Read More News : MKR price analysis | Ripple Payments | Ethereum Elliott Wave analysis | BlackRocks $3B Crypto Surge Technical Indicators Hint at a Bullish BreakoutOne of the most talked-about developments is the emergence of classic bullish patterns such as the bull flag and half-mast flag formations. According to veteran analyst Peter Brandt, XRP Price is exhibiting a textbook half-mast flag that, if validated, could catapult the asset toward $6.40—a potential 262% gain from current levels.Additionally, the Bollinger Bands are tightening, a classic volatility squeeze that frequently precedes strong directional moves. The price hugging the upper band suggests that the breakout may lean bullish.Another critical factor driving optimism is the sharp rise in Open Interest (OI). From January to April 2025, OI has ballooned from $2.71 billion to $4.49 billion, reflecting heightened trader activity and speculative interest. Historically, such OI increases often correlate with imminent rallies. Analysts suggest this could push XRP toward $4.90 in the near term—potentially doubling its price.Investor sentiment has also shifted bullishly as Ripple continues to expand its global partnerships and the broader crypto market shows signs of recovery. Bitcoin’s strength, which often precedes altcoin rallies, adds further momentum to the XRP narrative.Where is XRP Headed?If the current trajectory continues and the bullish patterns play out, price targets range from $4.17 in the short term to $10–$13 during this market cycle’s third wave. Some more aggressive forecasts even eye the $26 level, contingent on XRP’s market dominance breaking key resistance levels at 12%.However, traders are advised to keep an eye on resistance zones near $3.00 and $3.60, where previous rallies have stalled. A break above these could confirm the next phase of the bull run.
