As XRP consolidates above $2 following a massive capital outflow on the weekly timeframe, the asset’s technical indicators suggest that historical patterns hint at a new record high.
In this case, XRP is likely on the verge of a major breakout, following a pattern that closely resembles its 2020–2021 rally while trading in a five-year channel-up formation, according to analysis by Investing Scope, an independent signals and training provider, in a TradingView post on March 28.
XRP price analysis chart. Source: TradingView
If history is any indication, XRP could surge toward $6.50, potentially by October 2025, a period that will coincide with the Securities and Exchange Commission’s (SEC) decision on several XRP spot exchange-traded fund (ETF) applications.
The analyst backed this outlook by pointing to several key technical indicators. For instance, XRP remains above its one-week moving average (MA) of 50, which has historically supported major uptrends.
The Relative
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