The post XRP Price at the Cusp of a Major Run: Is $2.62 to $2.7 the Sweet Spot Before a Run to $5? appeared first on Coinpedia Fintech News
XRP is currently hovering near a key inflection point after an extended consolidation phase, with price action tightening into a decisive structure. Recent moves suggest growing pressure from both bulls and bears, as the asset trades just below a major resistance zone. With volatility compressing and momentum building, it appears primed for its next big move. The market is watching closely—will the XRP price break above the current range and push toward fresh highs, or is a deeper retracement on the horizon?
Short-Term Setup: Squeezed Between Support and Resistance
Over the past several sessions, XRP has been locked in a consolidation zone, reflecting indecision across the broader crypto market. The price continues to oscillate within a clearly defined band, repeatedly testing both upper and lower bounds without a breakout. This narrowing price behavior reflects a classic “build-up” phase, where momentum is being stored before release. Such setups often result in sharp price moves, depending on whether bulls or bears seize control first.
The structure forming on the chart shows a tightening triangle, typically viewed as a precursor to volatility. Current price levels are crucial, as a confirmed move beyond this range could ignite a much stronger trend, either to the upside or downside. While the Bollinger bands are squeezing, the MACD displays a drop in selling pressure. Hence, a strong upward move is approaching.
Long-Term Setup: Eyes on Expansion Beyond the Range
While XRP’s short-term setup suggests a breakout is near, the longer-term structure presents an even more compelling picture. After years of ranging below its all-time high, XRP is slowly building the foundation for a major macro move. The multi-year resistance zone—previously a ceiling during past rallies—is now being approached with a stronger base structure and renewed investor interest.
This prolonged consolidation, combined with strengthening market participation, hints at a potential shift in trend dynamics. If XRP decisively breaks above its current high-timeframe range, the next major move could mark the beginning of a sustained uptrend, not just a short-term spike.
The price history suggests that once XRP clears these long-standing resistances, the asset tends to move rapidly toward new territory. This phase may mirror previous cycles, where long periods of consolidation are followed by aggressive price discovery.
What’s Next for XRP: Potential Scenarios
Bullish Scenario:
If buyers reclaim control and push XRP above the overhead resistance with conviction, momentum could quickly build. This would pave the way toward targets near $3.60 and potentially $4.00 in the coming weeks, depending on broader market strength.
Bearish Scenario:
Failure to hold the $2.60–$2.70 region may expose XRP to deeper retracements. A drop into the $2.30–$2.20 zone remains possible before bulls regroup for another upward attempt.
Neutral/Sideways Bias:
XRP could also continue to consolidate within its current structure if volume remains thin and no catalyst appears. However, this scenario is unlikely to last much longer given the tightening price range.
