The Ripple (XRP) prize officially broke out of a triangle descending several months which has kept it trapped since January. While the wider market of cryptography sees a renewed momentum, XRP shows signs of joining the rally. On the daily graphic, XRP increased the resistance of the keys spent around $ 2.40, confirming an escape with an increasing bull.
This decision draws the attention of many traders, as Crypto Candy (@ cryptocandy24x)Who believes that it is XRP's turn to shine after Bitcoin and Ethereum have made their movements. The analyst has stressed that XRP now broke out on the daily graphic and could be the next big cap to execute. He even suggested that it could be time to “load some and hold”
Triangle's formation has compressed the XRP price for weeks, and this escape seems clean. The green area between $ 2.00 and $ 2.22 experienced strong support during the consolidation phase. From now on, the trip above the triangle opens the door to targets between $ 2.93 and $ 3.39, the configuration of the risk of reward being favorable. The daily graph reflects this potential as buyers intervene just above the 200-day mobile average and that the previous resistance turns into support.
Table XRP: Superrend Flashes Buy Signal
Popular chain analyst Ali (@ali_charts) also weighed on the recent XRP movement. According to him, The Superrend indicator has just flashed a new purchase signal on the daily graphic. It is a key technical signal often looked at by traders because it combines volatility and the trend to the trend to identify the moments when an asset can spend in bullish territory.
The SuperTrend indicator has just flashed a purchase signal for $ XRP! pic.twitter.com/i6x7crn1ze
– Ali (@ali_charts) May 10, 2025
Looking at Ali's graphic, the signal came after XRP managed to return the shaded resistance area in a support level. The Superrend had for the last time flashed a sales signal in March, which aligned with the previous decline. This new “Buy” signal could be the start of a new ascending phase for the price of the undulation.
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From the point of view of the momentum, XRP has just recovered the critical levels and builds an upward structure with higher stockings and now a confirmed escape. If the volume continues to build and the wider market maintains its strength, XRP could realistically test the $ 3 mark in the coming weeks.
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