Will XRP Price Break Out of 6-Month Range and Rise to $4?

XRP has been trading within a narrow range for the past six months, causing discussions in the market. This has led some analysts to predict that it could soon explode as technical factors and the main network show a bullish trend. XRP price has been stuck in a range for several months. Since December 2024, XRP has traded in the range of 2 to 3 dollars. This is after a major bullish run that brought its value from 0.50 dollars to 2.90 dollars. Notably, that bullish move occurred right after the United States presidential election, as investor sentiment regarding cryptocurrencies has changed significantly. Since then, the leading altcoin has struggled to make a significant move beyond its recent highest resistance level. On December 3rd, the token rose to $2.90 and then reversed, leading to a prolonged sideways movement. As a result, numerous attempts to break through the $3 level were unsuccessful, including a brief spike to $3.30 in January 2025. However, this altcoin's efforts to drive the price down below $2 have repeatedly failed due to buying pressure, even when the price dropped to $1.60 in April. XRP Price: Technical indicators point to a bullish trend Meanwhile, technical analysis on the 12-hour chart suggests that the price of XRP may be preparing to go bullish. Recently, analyst Poseidon noted that there are three important signals emerging. The first is the unsuccessful attempt for the price to move below the consolidation level. Additionally, the second signal is when the price moves above the 200-period exponential moving average, a popular trend indicator for medium-term analysis. The third signal is the emergence of a new higher high at $2.36 on May 26.

Furthermore, these signals indicate that XRP shows stronger bullish signs within the current range. Poseidon observes that the downtrend line has prevented XRP from rising since May 12, when the price reached $2.60. To confirm the breakout, the asset must surpass the trend line established at $2.4. This achievement could push the price up to $4. Analysts mark $2.4 to $2.47 as the main resistance zone. Furthermore, both Poseidon and analyst Dom believe that the current price could determine the next direction. However, this depends on what happens at the level from $2.4 to $2.47. According to analyst Dom, XRP continues to maintain its position in the market despite the prevailing bearish sentiment. He points out that low prices below this range may only indicate quick volatility, rather than a true movement in the direction of the trend.

Dom's analysis suggests that the price of XRP may have formed a high range of around $2.47. A breakout above this level would confirm that the bulls are in control and could end the recent consolidation phase. The current price of XRP is trading around $2.30, so to reach this resistance level, it will need to increase by 4%. Furthermore, a jump of 74% from this level would bring the leading altcoin up to $4. Network activity surged as adoption outpaced XRP price In addition, on-chain data shows increased interest in XRP. Glassnode data indicates that the number of active XRP addresses has surpassed 360,000 by 2025, setting a new record. Although the price hasn't increased much, network adoption has accelerated.

Traditionally, a significant increase in active addresses has signaled an upcoming change in price. An increase in the number of users is often a sign of a higher number of transactions, the increasing use of dApps, and more wallets being created. The difference between bullish and stable price addresses can reveal hidden demand that has not yet been reflected by the market price. In addition to the bullish outlook, recent analysis shows that Ripple has acquired Hidden Road, enhancing the use of the XRP Ledger and solidifying its market position. XRP is trading at $2.43 and is nearing the resistance level of $2.6. Analysts predict that the leading altcoin could soar to $3 and break through the resistance near $4.