XRP has shown strong technical indicators suggesting a potential rally, with traders closely watching key resistance levels. The TD Sequential buy signal on the hourly chart hints at a short-term rebound, while RSI has broken out of a long-term downtrend, mirroring past surges. If history repeats, XRP could be poised for a major upward move.

Technical Indicators Support Bullish Outlook

The Relative Strength Index (RSI) recently broke out of a key downtrend, aligning with past movements that led to significant price increases. A similar pattern in the past triggered a 470% rally, fueling optimism that XRP could see explosive growth. Additionally, XRP has broken out of a symmetrical triangle pattern on the weekly chart, suggesting the end of a prolonged consolidation phase. Traders are now targeting $15 as a potential milestone.

XRP is currently holding strong support at $2,30 after a minor pullback. This level has acted as a consolidation zone in the past, making it a crucial price floor for further gains. If XRP maintains momentum and breaks above resistance at $2,31, it could trigger a sustained rally.

What’s Next for XRP?

Technical indicators remain bullish, but traders should watch for confirmation signals to ensure the momentum holds. If XRP stays above its key support levels, it may continue its upward trajectory. However, a failure to sustain these gains could result in a period of consolidation before another breakout attempt.