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- XRP rebounds 38% from 2024 low to $2.46, fueled by Ripple’s SEC progress and Dubai regulatory approval.
- A parallel channel signals bullish momentum: $2.59 Fibonacci level next, with $2.77 target if resistance breaks.
XRP, currently priced near $2.46, has recovered 38% from its 2024 low of $1.79, despite remaining 30% below its January peak of $3.39. Positive developments, including progress in Ripple’s legal dispute with the SEC and a regulatory license obtained in Dubai, have contributed to this rebound. Traders now question how much further the token might climb.
On the 4-hour chart, XRP appears to be ascending within a parallel channel, a pattern suggesting continued upward momentum.
After testing support near $2.37, aligned with the 50-period exponential moving average, the token now targets $2.59—a level linked to the 0.618 Fibonacci retracement ratio.
ETHNews analysts note that a clear break above this barrier could push prices toward $2.77, a level matching the channel’s upper boundary and the 0.786 Fibonacci mark.
Market observer Dom stresses that holding above $2.50, which aligns with historical trading averages, is crucial for maintaining bullish momentum. The Relative Strength Index (RSI) near 60 supports this outlook, indicating growing buyer interest without extreme overvaluation.
A broader view reveals a symmetrical triangle pattern forming on XRP’s weekly chart, a setup often preceding volatile breakouts. This pattern emerged after the token surged 575% between late 2024 and early 2025.
A decisive move above the triangle’s upper trendline could propel prices toward $4.20 by May, a 70% rise from current levels. Analyst CrediBULL Crypto anticipates XRP surpassing its prior high of $3.40 in the coming weeks.
This is still the game plan for $XRP btw.
If we don’t get it, we don’t get it, and we ride spot to double digits regardless.
But I’m not interested in jumping into fresh longs mid-range.
Hoping people choose to fade this push so we get what would be a fantastic opportunity. https://t.co/jWcGI2DEaX pic.twitter.com/kPHtnZmqDR
— CrediBULL Crypto (@CredibleCrypto) March 19, 2025
Data from Binance’s liquidation heatmap highlights $2.66 as a concentration of leveraged positions, making it a likely short-term target. Breaching this level might trigger a cascade of forced buy orders, potentially lifting prices toward $2.98. These zones represent areas where traders have placed large bets, creating conditions for rapid price shifts if thresholds are crossed.
While technical indicators suggest upward potential, XRP’s trajectory remains tied to broader market sentiment and regulatory clarity. Its ability to sustain gains above key levels will likely determine whether it can challenge historical highs or face renewed pressure.
As of March 24, 2025, XRP (Ripple) is trading at $2.4642, showing a daily gain of +1.02%. Over the past 7 days, XRP has increased 7.45%, recovering from a recent local bottom of $2.28, and pushing back toward resistance levels near $2.50–$2.55. In the past 30 days, XRP has corrected approximately −4.18%, dropping from a recent peak of $2.67 in late February.
On a 6-month view, the asset is up an impressive 316.88%, climbing from the sub-$0.60 range in Q4 2024, largely driven by institutional accumulation, favorable court developments with the SEC, and overall market recovery.
Today’s trading range is between $2.4134 (low) and $2.5044 (high). The current volume is 120.88 million XRP, and the market appears to be consolidating just under the major resistance zone at $2.50–$2.60.
If XRP closes above $2.50 on the daily candle, it would likely trigger a push toward $2.70, with extension targets at $2.87 and the psychological level of $3.00, which has historically acted as strong resistance. Failure to hold the $2.46 level could see a short-term pullback toward support at $2.30 and, if broken, a deeper retracement toward $2.10.
Technical structure remains bullish. The 20-day EMA is currently at $2.39, and the 50-day EMA is tracking at $2.12, showing a healthy spread that supports the ongoing uptrend.
The RSI is sitting just under 60, indicating bullish momentum with room for further upside before hitting overbought territory. MACD is currently positive and widening, signaling continuation.
If XRP maintains current volume and structure, the next 5–7 day projection puts the price at approximately $2.72, assuming it breaks the $2.50 resistance cleanly and avoids rejection.
