Ripple (XRP) is moving in an upward consolidation phase as the general trend in the crypto market is shifting from bearish to bullish. According to CoinMarketCap, the XRP price has surged by 1.1% over the last 24 hours but remains stable over the last week.
At the time of writing, XRP is trading at $1.34, with a trading volume of $2.24 billion, which has surged by 27.36% over the last 24 hours. However, its market capitalization stands at $82.99 billion, which is up by 1.1%.
Source: CoinMarketCap
Also Read: XRP Slips During Key Retest Phase as Sellers Block Break Above Resistance
XRP Signals Potential Bull Run Above $3.50 Level
Furthermore, the crypto analyst Hailey LUNC XRP highlighted that the token remains in a persistent downtrend as market analysts watch for a potential breakout that could emerge before the end of May.
Tightening price action and declining volatility suggest accumulation beneath key resistance, where traders believe momentum is building for a decisive move that may shift overall sentiment toward bullish continuation ahead of the breakout.
Source: Hailey LUNC XRP’s X Post
If a breakout occurs above the descending trendline before the end of May, analysts expect renewed bullish momentum potentially driving the asset toward the $3.50 level as confidence returns and volume increases, signaling a possible new bull cycle.
Though failure to clear resistance could result in continued consolidation and extended bearish pressure across market conditions,
Technical Outlook Shows a Consolidation Phase
According to TradingView, the token displays a definitive long-term correction following the mid-2025 peak near $3.50. Currently priced at $1.33, the asset is trapped in a tight horizontal range, signaling a period of market exhaustion.
This consolidation suggests that the previous bearish momentum is slowing down as traders wait for a new fundamental or technical catalyst.
Source: TradingView
Technical signals resemble a halted rhythm. The lines on the MACD almost flatten out at the zero level, indicating the lack of any directional bias. In addition, the RSI indicator stays at 39.72, located in the range of neutrality near the oversold level.
Overall, these signals indicate that the market will continue its horizontal movement until the breakout of the local resistance level occurs.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: XRP Trades Steady Near $1.36 as Momentum Slows After Price Spike
