- XRP’s monthly close above 0.236 Fib signals path to 0.382 and potential rally
- Weekly candle above $2.60 could trigger festive bull run Toward ATH levels
- Symmetrical triangle on daily chart offers $5 bullish target or $1.17 downside risk
XRP’s price action continues to capture attention as the cryptocurrency teeters on the brink of significant moves. Analyzing XRP across five critical time frames monthly, weekly, 3-day, daily, and intraday offers a detailed outlook on potential price targets and trend scenarios.
With the current price at $2.52, XRP has declined by 5.27% in the last 24 hours, but its broader technical structure suggests a path toward substantial gains if key levels are breached.
Monthly Time Frame: Major Bullish Potential
As per EGRAG CRYPTO analysis, XRP’s monthly chart reveals a pivotal shift, with the price breaking through the 0.236 Fibonacci channel level. This milestone indicates growing bullish momentum.
Significantly, closing the monthly candle above this level could pave the way toward the 0.382 Fibonacci level, marking a crucial target. Besides, this potential move sets the foundation for a sustained rally, with $0.75 already confirmed as a critical expansion zone. A bullish monthly close will provide the ultimate confirmation for further upside.
Weekly and 3-Day Analysis: Setting the Stage for Christmas Gains
On the weekly chart, XRP’s trajectory depends on how close the candle is relative to $2.44 and $2.60. A close below $2.44 could trigger a retest of $2.05. However, a close above $2.60 would signal bullish momentum, possibly driving prices higher during the festive season.
The 3-day chart shows a bullish ascending triangle forming, often associated with upward breakouts. This pattern is expected to peak between December 25 and 28, aligning with a potential Christmas breakout toward an all-time high (ATH). Hence, this timeframe remains crucial for XRP traders seeking confirmation of a bullish continuation.
Daily and Intraday Charts: Mixed Signals but Clear Targets
The daily chart presents a symmetrical triangle pattern, a neutral setup with equal chances of breaking upward or downward. In a bullish market, this pattern typically resolves upward, targeting $5, aligning with the 0.382 Fibonacci channel. Conversely, a bearish breakdown could push XRP toward $1.17, retesting macro support levels.
For shorter time frames, the 8-hour chart identifies $2.70 as the critical resistance level. Closing above this level confirms bullish continuation, while support zones at $2.33, $2.24, and $2.00 serve as fallback areas. Moreover, these levels act as battlegrounds for the next directional move.
Outlook for 2025: Eyeing the $5 to $50 Range
As XRP consolidates within critical levels, its long-term potential remains bullish. With strong technical support and resistance zones in play, XRP could embark on a rally toward $5 in the short term and $50 by 2025 if bullish momentum persists. Consequently, the coming weeks will determine whether XRP secures its breakout or revisits lower support levels.