XRP Price Prediction: Multiple factors indicate potential upside, key resistance level at $3.55.

Despite the overall weakness in the market, the price of Ripple (XRP) has shown significant resilience, remaining stable at major support levels. Its price structure remains bullish, consistently forming higher lows, indicating a potential upward breakout and new highs. This article will delve into its technical aspects and structural advantages, exploring its potential trends in the current market environment, and interpreting the multiple favourable information behind it from an analyst's perspective.

Technical Analysis: Support is Solid, Resistance Level is Key for Upside

(Source: TradingView)

XRP's price has successfully held onto the key technical support level after a recent pullback. Despite experiencing a shallow retracement, the price structure remains bullish, and the strong support level formed by multiple indicators converges at $2.64, indicating that buyer strength is still robust. Unlike many altcoins that have undergone deeper pullbacks, XRP's retracement has been relatively shallow, reflecting its inherent relative strength.

Currently, market participants are closely watching whether the price can break through the key resistance level of $3.55 above, which is seen as a gateway to a potential historical high. If XRP can decisively close above this level, its price momentum is expected to accelerate, laying the foundation for a challenge to the historical high. This scenario would represent a structural shift in its long-term market behavior, confirming that the bullish cycle remains intact.

Structural Advantages and Institutional Cooperation

From a structural perspective, Ripple continues to print consecutive higher lows, maintaining a bullish trajectory even during periods of consolidation. This pattern indicates that demand remains persistent, with buyers actively entering at higher price levels. The article notes that XRP has built multiple bullish patterns, and ETF inflows add momentum to its further rise.

In addition, BBVA has partnered with Ripple to provide custody services for Bitcoin and Ethereum to retail customers in Spain, further highlighting the growing collaboration between mainstream institutions and cryptocurrencies. This recognition and participation of institutions in the crypto ecosystem also provide strong fundamental support for XRP and the underlying Ripple technology.

Future Outlook and Potential Trend Analysis

As long as the price of Ripple can hold the support level of 2.64 USD, the possibility of further upward movement is very high. If it can break through and close above 3.55 USD, it will confirm the strengthening of bullish momentum and may accelerate a rise towards a new historical high.

Overall, the prospects for XRP depend on multiple events such as enterprises, macroeconomics, and regulations. Bullish scenarios may include the SEC approving an XRP spot ETF, or more blue-chip companies adopting it as an asset reserve. Bearish scenarios could stem from legislative delays or insufficient institutional adoption.

Conclusion

XRP is demonstrating its unique market resilience during a critical period. Despite facing numerous uncertainties, its solid technical structure and ongoing institutional interest together form the basis for its potential bullish outlook. For traders and investors, the next few months will be a crucial window to observe whether XRP can break through key levels and achieve a new round of growth.