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- XRP’s breakout mirrors historic patterns, targeting $99 with a 4,331% rise potential.
- Futures open interest hit $3.62B by April 2025, signaling growing market activity.
- Technical indicators show a neutral RSI and a possible bullish reversal in MACD.
XRP recently experienced a breakout following a pattern seen in previous price surges. This move mirrors the 2017 surge, where XRP broke out of a pennant pattern, hitting its first target at $0.0609. The price continued higher after testing this level as light resistance, setting the stage for future gains.
XRP Price Targets and Futures Revealed
According to an analysis prepared by Javon Marks, the recent XRP breakout matches a historic pattern. Recently, XRP surged toward its initial target at $3.317, using the same point as the resistance. However, market observation implies that the next possible move could take XRP significantly higher.
The second target for XRP is currently at $99, representing a remarkable potential gain. At the current price of $3.317, the distance to $99 is over 4,331%. If this target is met, XRP could potentially rise by as much as 44 times from its current position.
According to data from Coinglass, XRP futures market open interest has gone through several peaks and lows since September 24. The data illustrates a gradual buildup climbing to early April 2025, where a high spike is reached. Open interest had exploded by April 2, 2025, to $3.62 billion.
The change relates to the uptick in XRP price value, which also shows growth around the same time. The trajectory of XRP futures indicates a bullish takeover could be on its traction. The movement of XRP futures reflects a developing participation as the token approaches its expected 44X path.
Technical Analysis: RSI Neutral View and MACD Bearish-Bullish Shift
Additionally, technical indicators XRP has shown signs of potential bullish momentum, with the MACD and RSI indicators providing key insights for price prediction. As of April 2, 2025, XRP is priced at $2.1474, reflecting a slight increase of 0.40%.
RSI remains at 46.20, which is just above the midpoint, meaning it is neither in an over-bought nor oversold state. This suggests that the price of XRP is likely to be balanced and that there is no clear direction in the price trend of XRP. As the RSI remains below 50, the current market trends are stable and waiting for further signals.
The MACD (Moving Average Convergence Divergence) is slightly bearish, with its MACD line at -0.0231 and its signal line at -0.0465. Meanwhile, the negative divergence between the two lines has begun to contract, which indicates a reversal of the trend soon to follow. The potential for a bullish crossover increases as the MACD and signal line gap narrows.
