- XRP price is trading at $2.97 with potential for a 95% rise if $3.30 resistance breaks.
- Support at $2.80 and $2.20 strengthens XRP price short-term bullish outlook.
- M2 Global Liquidity Index rise aligns with XRP price strongest historic rallies.
XRP price is poised to break out in a significant move, and analysts are observing that it could rally by as much as 200%. With the above crucial support lines and the emerging market liquidity and signal of oversold indicators, the crypto could take off to the $5.50 mark over the short term and traders hang on this moment.
Analyst Eyes 200% Rally As Short-Term Target Hits $5.50
XRP price is currently trading in a consolidation phase following its recent recovery. An analyst, Crypto Patel, believes that a bullish scenario is in the cards should the price hold above the $2.00 support.
According to the analyst, the major obstacle to higher targets is resistance at the level of 2.90. A successful break above this point may open the way to a powerful rise, the potential of which is approximately 228%, which puts the next target at around 10 dollars.
However, in case of support breakdown, the lower range around $2.00 will be at risk. Overall, the analyst maintains a bullish XRP price long-term price prediction as the current levels remain intact.
Source: X/CryptoPatel
On the one-day timeframe, XRP price has maintained strength above $2.80 support. The price has attained a new position at around $2.97 amid emerging restoration. The above breakout provided an upward move of 62% takeoff, proving that uniformity works.
The existing forecast targets are projected to be somewhere in the range of 95% leading to the short-term target of about 5.50 in case there is a breach of resistance poses. The indicators are supporting this view and the Money Flow Index is sitting around 25 which is an indication of oversold conditions.
Source: TradingView
On the other hand, the M2 Global Liquidity Index is also trending higher. This indicator has historically correlated with the strongest rallies of XRP price. Meanwhile, a breakout above the $3.20–$3.30 zone could accelerate gains toward the $5-$6 range, a target.
Support at $2.80 and $2.20 forms the immediate safety net. This limits deeper losses. Therefore, the combination of pattern repetition and rising liquidity supports a convincing short-term bullish outlook.
Read Also:
