XRP price is gaining traction again with price movements suggesting an imminent breakout. Based on the latest daily and hourly chart data, XRP price is trading around $2.42, up 1.68% on the daily chart. Both the daily and hourly charts reveal bullish structure, supported by clean higher lows, rising moving averages, and Fibonacci targets yet to be hit. XRP Price Prediction: Is XRP Forming a Bullish Continuation Pattern? XRP/USD Daily Chart- TradingView On the daily chart, XRP is building strength above the 100-day SMA and has formed a clear sequence of higher lows since the early-April bottom. The price has broken above a key horizontal resistance near $2.30, retested it successfully, and is now hovering near $2.42. The 20-day, 50-day, and 100-day moving averages are converging and turning upward. This indicates that bullish momentum is gaining. The price is also riding above a long-term trendline stretching from March lows, reinforcing buyer interest on dips. A Fibonacci retracement level drawn from the local swing high to swing low puts $2.43 as the key short-term resistance. A breakout above this level could lead to a rally toward the 0.618 Fib level around $2.80, which also aligns with the recent wick top from early May. Price Calculation: If XRP price breaks above $2.43 and targets the $2.80 Fibonacci level, the upside potential is: Target Gain= (2.80−2.43/2.43)​×100=15.22% This move could happen quickly if volume supports the breakout. What Does the Hourly Chart Reveal? XRP/USD 1 Hr Chart- TradingView The hourly chart shows a classic ascending triangle pattern forming since May 20, with rising lows pushing into horizontal resistance at $2.43. This structure often precedes bullish breakouts. Importantly, XRP price has held above its 20, 50, 100, and 200-hour SMAs, which are tightly clustered and trending upward. That’s a textbook sign of consolidation before expansion. The last three hourly candles show narrow-bodied Heikin Ashi candles, reflecting a squeeze in volatility. This usually precedes a sharp directional move, which in this setup, favors the bulls. A confirmed hourly candle close above $2.44 would likely trigger fast movement toward $2.60, with minor resistance at $2.52. XRP Price Prediction: How High Can XRP Price Go This Week? If momentum continues and XRP price maintains support at $2.30, we could see a breakout pattern play out toward the next major Fibonacci extension zone. Here’s a basic Fibonacci projection using the swing low ($1.90) to swing high ($2.63): Measured Move=2.63−1.90=0.73 Breakout Target=2.43+0.73=3.16 So, a successful breakout above $2.43–$2.45 could eventually drive XRP to $3.16 over the next 1–2 weeks if volume and sentiment align. Final Thoughts: Should You Watch XRP Now? XRP price is sitting just below major resistance and forming bullish patterns on both daily and hourly charts. The presence of higher lows, consolidating MAs, and breakout structures like the ascending triangle make this setup hard to ignore. If XRP clears $2.43 with volume, the breakout to $2.60, and then possibly $2.80–$3.16, could come swiftly. A dip below $2.30 would invalidate the short-term setup, but as long as XRP holds that support, the bulls remain in charge. Short-term Bias: BullishKey Levels to Watch: $2.43 (resistance), $2.30 (support), $2.80 (target), $3.16 (extended target)