Ripple’s XRP could be on the verge of a major breakout, with technical analysts suggesting the token may surge by up to 55% — if it can decisively clear a critical resistance level that has capped its recent upward momentum.
Key Resistance Level in Focus
According to chart analysis by multiple crypto strategists, XRP is currently hovering near a resistance zone around $0.65. A strong close above this price level could open the path to a sharp rally toward the $1 mark, representing a 55% upside from current levels.
As reported by technical analysts, this threshold has served as strong overhead resistance in past market cycles. A break above it, especially with volume confirmation, could trigger a wave of technical buying and short covering.
Supportive Market Indicators
Momentum indicators such as the Relative Strength Index (RSI) are showing bullish divergence, suggesting strengthening underlying demand. Additionally, on-chain metrics indicate a rise in whale accumulation and network activity, both typically considered positive signs of investor confidence.
Analysts also point to increasing institutional interest in XRP, especially after recent legal clarity surrounding its classification in the U.S. This regulatory win has improved sentiment and could attract fresh inflows if broader crypto markets remain stable.
Macro Factors at Play
Market optimism around a potential Federal Reserve rate cut later this year, as well as easing macroeconomic uncertainty, could further support risk-on assets like XRP. A broader Bitcoin-led market recovery would also provide the tailwind XRP needs to confirm a breakout.
However, traders are cautioned that failure to break above $0.65 could lead to renewed consolidation or even a pullback toward the $0.50 support level.
