- XRP’s bullish momentum is strong with a 21.58% weekly gain and $151B market cap
- Analysts highlight $2.38 as key support and path-clearing zone for further gains
- RSI and MACD suggest momentum is bullish, but caution is needed near overbought levels
XRP is once again under the spotlight, defying expectations and proving skeptics wrong. XRP has surged to $2.59, marking a 21.58% increase over the past week. With a market cap exceeding $151 billion and daily volume surpassing $5.5 billion, its bullish momentum appears strong.
Martinez and Vandell Point to Bullish Signals
According to Vandell of Black Swan Capitalist, XRP is not just rebounding it’s preparing for a major breakout. He maintains that the digital currency will cross the $3.40 mark. Earlier, he predicted a surge from $0.45, a forecast many ignored.
But the market has since validated his view. Vandell emphasizes the need for a disciplined, data-driven approach rather than reacting emotionally.
We said XRP would go higher at $0.45
— Vandell | Black Swan Capitalist (@vandell33) May 13, 2025
Many dismissed it.
The market proved otherwise.
I’m telling you XRP will break above $3.40
Your emotions won’t take you far,
Discipline and data will.
Meanwhile, Ali Martinez, a respected on-chain analyst, emphasizes the importance of the $2.38 support zone. According to data from the UTXO Realized Price Distribution (URPD) chart, nearly 1.85 billion XRP was moved at this level.
This movement reflects investor confidence and creates a solid support base. Martinez believes that above $2.38, XRP enters a zone of minimal historical resistance. This opens a technically smooth path for further gains, provided XRP can maintain its support.
On-chain data shows $XRP has no major resistance clusters ahead, while the key support zone to watch sits at $2.38. pic.twitter.com/vvXjsSUYG1
— Ali (@ali_charts) May 13, 2025
Technical Indicators Show Positive Signs
XRP’s Relative Strength Index (RSI) currently stands at 69.24, hovering near overbought territory. A value above 70 could trigger a short-term pullback. Historically, RSI peaks have aligned with price corrections. Hence, this level must be monitored closely.
Additionally, the MACD line has crossed above the signal line, indicating renewed bullish momentum. The histogram has turned positive, reinforcing the buying pressure. These technical signs, coupled with recovering prices in May, support the narrative of an extended rally.
However, the road is not without risks. Outflows in March and April saw over $200 million in daily net losses, putting downward pressure on XRP. The recovery to $2 in May shows resilience. If XRP can hold above the $2.38 support zone, the likelihood of a breakout beyond $3.40 becomes more convincing.
