Trader Predicts XRP Price Will Hit $5 Soon – Here’s the Chart Behind the Call

2025-4-28 20:12

The XRP price had a solid week with 8.5% pump and is now trading in the $2.20-2.25 range. ‘World of Charts’ took the time today to update his XRP price prediction for the coming weeks.

Looking at the chart shared by ‘World of Charts’, XRP has been trapped inside a falling wedge pattern from late December 2024 through mid-April 2025. The pattern shows two clean trendlines – an upper descending resistance line that pushed the price lower with each rally, and a lower descending support line that caught the dips. This is considered a classic bullish reversal pattern in technical analysis.

The breakout occurred in mid-April 2025, when XRP finally pushed above the falling wedge resistance line. The real price movement shows a small upward move after this breakout, from around $2.00 to roughly $2.20.

It’s worth noting that XRP already had a huge 4x rally in late 2024, climbing from $0.80 to over $3.00. This previous rally demonstrates XRP’s capability for huge price movements when market conditions align.

Source: X/@WorldOfCharts1

Currently, the XRP price is moving sideways, consolidating just slightly above the wedge breakout zone (around $2.10-$2.20). The real price at the time of the screenshot sits at approximately $2.18. This tight consolidation range is often interpreted as a bullish sign following a pattern breakout. The current support zone appears to be around $2.00-$2.20, while there’s no clear resistance until the $2.50-$2.70 area and beyond.

‘World of Charts’ is predicting another big rally toward the $5 mark in the coming weeks. This prediction is based on three key technical factors: the successful breakout from a bullish wedge pattern, the tight consolidation phase we’re seeing post-breakout, and the anticipation of strong bullish continuation that typically follows such patterns.

The projected move from roughly $2.20 to $5 would represent another impressive gain of over 125%. For traders watching this setup, real confirmation would come if XRP breaks above the $2.50-$2.70 zone with strong volume. Until then, the $5 prediction remains a projection based on the current technical structure rather than a certainty.

Read also: The Real Reasons BlackRock Is Avoiding an XRP ETF: Expert Insights

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The post Trader Predicts XRP Price Will Hit $5 Soon – Here’s the Chart Behind the Call appeared first on CaptainAltcoin.

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Источник: captainaltcoin.com

xrp price → Результатов: 126


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