XRP News Today: XRP Projects $5 Surge as Technical Indicators Signal 1.66% Hourly Gains and Bullish Breakout

Ripple’s XRP is the subject of heightened bullish speculation following a prominent market analyst’s projection of a potential surge to $5, driven by technical indicators suggesting an imminent “Kaboom phase.” The altcoin, which has yet to surpass its all-time high of $3.84, has seen renewed optimism as key signals align with a significant price breakout. The analyst, citing a combination of chart patterns and volume metrics, argues that XRP’s dominance could trigger a “surprising wave” of upward momentum [1].

Central to the analysis is the observation of a bullish pennant breakout on Bitcoin’s chart, a pattern historically associated with extended uptrends. The analyst notes that this formation suggests a potential measured move from 21% to 275%, a range that, if realized, would mark a dramatic shift in market sentiment for XRP [1]. The pennant breakout occurs when an asset’s price breaks above the upper trendline of the pattern, reinforcing the likelihood of a continued upward trajectory.

Complementing this is the Visible Range Volume Profile (VRVP), a tool that maps trading volume across price levels within a chart’s visible range. The analyst highlights a “significant void” in volume distribution above 5.75%, indicating a potential inflection point. He explains that a closure above this threshold—aligned with Fibonacci levels of 0.5 (8.59%) and 0.618 (8.59%)—could catalyze a “Kaboom phase,” a term used to describe a rapid and substantial price increase. This phase, if triggered, would represent one of the most bullish developments for XRP dominance in recent history [1].

As of the latest report, XRP has shown strong short-term momentum, with hourly gains reaching 1.66% and the asset trading at $3.19. While this price remains below the $3.84 peak, the analyst emphasizes that the confluence of technical signals suggests a near-term target of $5. The prediction hinges on the assumption that the identified patterns—bullish pennants and volume gaps—will hold true, a scenario that could unfold as market participants react to the perceived strength in XRP’s fundamentals and on-chain activity [1].

The analysis underscores the importance of technical indicators in shaping market expectations, even as it acknowledges the inherent uncertainty of price predictions. By focusing on verifiable metrics such as volume distribution and Fibonacci levels, the analyst provides a framework for interpreting XRP’s potential without overstating the likelihood of the $5 target.

Source: [1] [Ripple’s XRP $5 ‘Kaboom Phase’ Predicted as Technical Indicators Signal Surprising Wave] [https://zycrypto.com/ripples-xrp-5-kaboom-phase-predicted-as-technical-indicators-signal-surprising-wave/]