Key Takeaways
- XRP price reclaims the third spot in the crypto market capitalization, with over $126.5 billion, as bulls return.
- XRP’s price broke out above the $2.6 resistance following over six months of market consolidation.
- The mathematical XRP price prediction of $5 per XRP appears more realistic as the price targets new all-time highs.
The cryptocurrency market is currently in a strong uptrend, driven by price momentum following the recent breakout of Bitcoin from its range, which has pushed it towards a new historical high of $118,000. This breakout is accompanied by altcoins such as XRP, which has also broken out of its long price range of over five months, trading above $2.60.
XRP’s price breakout has ignited a new belief among crypto experts, traders, and investors, as the XRP price is speculated to trade above $3 and beyond after struggling to reclaim such highs since January 2025, following a massive price crash from XRP towards the $1.4 demand zone.
Related Read – XRP Price Prediction for July – Are Bulls Eyeing $3 Resistance?
Currently, market participants are bullish and eyeing a sustained XRP price rally towards the $5 region. However, the next few weeks will be key for the cryptocurrency market, including XRP, as bulls regain control of the price.
XRP 6 Months Price Range Breakout
XRP Price Breakout – Source TradingView
The price of XRP has broken out of its six-month price range following the crash of its price from historical highs of $3.45, as the price has crashed towards a key demand zone of $1.4. Here, the price gained significant momentum to reclaim its $2 support, which had held the price for months from trading lower.
Despite the XRP price trading above $2, the key support price failed to trade above its crucial resistance of $2.6, as huge sellers were present in this region. On several instances, XRP’s price tried to break above this zone but was rejected towards $2.
Following the recent market resurgence of Bitcoin, XRP’s price eventually broke above this zone with strong volume, indicating bullish price action from whales and traders who have been closely watching the XRP price reaction around this region.
According to technical indicators and XRP market analysis, the price of XRP has the potential to rally to new highs of around $5, based on fundamental factors and crypto experts’ XRP price predictions.
Mathematical Possibility of $5 XRP Price
XRP is currently trading around $2.8 as of the time of writing, with a market capitalization of over $126.5 billion. To reach a high of $5, XRP would achieve a potential market capitalization of around $272 billion, accompanied by a strong price rally of over 100% gain.
The possibility of the XRP price hitting $5 is more realistic following the recent price rally, institutional interest, increased volume, strong partnerships within its ecosystem, and technical indicators suggesting the price will continue its rally to new highs.
