A cryptocurrency trading expert has pointed out that an XRP price breakout is already confirmed following the short-term bullish momentum, and investors should anticipate further surges. According to Alan Santana, XRP is showing potential for a higher shift, having broken above a descending trendline after weeks of consolidation following its December 2024 peak, as indicated in his TradingView post on January 12. XRP price analysis chart. Source: TradingView/Alan Santana Santana’s outlook noted that after a sharp bullish rally late last year, inspired by post-election optimism, XRP entered a retracement phase that evolved into a consolidation pattern. This pattern, often considered a 50/50 scenario where price action can break up or down, has now decisively favored the bulls. He added that broader market conditions in 2025, particularly in this post- Bitcoin -halving year, have created an overwhelmingly bullish environment for cryptocurrencies , tipping the odds in favor of upward momentum. XRP price levels to watch The expert noted that the short-term bullish momentum is a critical development, as it confirms bullish dominance and sets XRP on course to retest significant price levels. The first target for XRP is $2.70, a retest of its last major high. Should the bullish momentum persist, Santana anticipates that $2.90 could also come into play. Ultimately, this target may push the asset to the coveted $3 mark. “The break of the pattern upper resistance indicates an advance to the last high, that is a minimum of $2.7. This can go higher and $2.9 be challenged. A bullish breakout is now confirmed,” the expert stated. On the other hand, for the possibility of new all-time highs, an analysis by Cryptoinsightuk in an X post on January 12 highlighted $2.61 as the critical price to watch. If XRP closes above this level, its upward trajectory could solidify. Such a close would signal sustained bullish sentiment and strengthen the case for further gains in the coming weeks. XRP price analysis chart. Source: TradingView At the same time, as reported by Finbold, another pseudonymous analyst, The Great Mattsby , projected that XRP was ‘just days away’ from another record-high breakout. This projection is based on XRP’s short-term technical strength. Indeed, this bullish outlook is backed by token whales accumulating XRP, a significant development for the Ripple-affiliated asset. XRP also faces several bullish fundamentals that are likely to spur price growth. For instance, the community is anticipating the conclusion of the long-standing legal tussle between Ripple and the Securities and Exchange Commission ( SEC ). This expectation has heightened due to President-elect Donald Trump’s nomination of crypto-friendly Paul Atkins to replace outgoing SEC Chair Gary Gensler . Additionally, there is a growing expectation that the new SEC administration will likely consider approving a spot XRP exchange-traded fund ( ETF ). In this line, Nate Geraci, an ETF analyst, has projected that the product will likely be approved this year. My 10 crypto-related ETF predictions for 2025… https://t.co/uDj1OCkaVQ pic.twitter.com/ye3zA2sinV — Nate Geraci (@NateGeraci) January 11, 2025 This optimism follows Ripple President Monica Long’s statement that XRP could be next in line for a spot ETF approval amid pending applications from firms like WisdomTree, Bitwise, Canary Capital, and 21Shares. XRP price analysis By press time, XRP was trading at $2.48, having gained over 4% in the last 24 hours, while on the weekly chart, the asset has risen nearly 6%. These short-term gains are noteworthy, as they emerged during a bearish sentiment in the general market. XRP seven-day price chart. Source: Finbold XRP is maintaining a strong position above its 50-day simple moving average ( SMA ) price of $2.15 and its 200-day SMA of $0.97, signaling a robust uptrend. For XRP to sustain its current momentum, investors need to monitor how the asset interacts with the $2.50 level. Sustained gains above this mark could signal a continued uptrend, while failure to hold above it might suggest a reversal. Featured image via Shutterstock The post Expert identities XRP key levels to watch as ‘bullish breakout is confirmed’ appeared first on Finbold .
