- XRP is showing strong bullish momentum, with analyst Master Ananda predicting it could reach $4.5 by early August after a period of consolidation.
- Increased trading volume and potential Nasdaq index inclusion are fueling optimism for this upcoming price surge.
XRP’s Bullish Comeback: What’s Driving It?
After a period of sideways consolidation, XRP is showing strong signs of a bullish rebound, with a well-respected analyst predicting a surge all the way up to $4.5 in the coming weeks. Master Ananda’s recent technical analysis highlights a crucial higher low formation on June 5, followed by a powerful bullish move on June 8. This sequence signals that XRP is ready to resume its upward trend after a month of price stability.
Notably, June 5 was a testing day for XRP — the price nearly fell below $2, marking one of its steepest drops recently. However, the market quickly recovered, indicating resilience and setting the stage for a potential breakout.
Also read: Crypto Today: BTC, ETH, XRP Price Surge Ahead of Key US-China Trade Talks 2025
Charting the Path: Key Dates and Price Levels
Master Ananda’s TradingView post draws attention to key historical price points — April 7, considered a local bottom, and May 12, a recent peak. After a 24-day retracement between these dates, XRP entered a 27-day sideways buildup phase, a classic technical pattern that often precedes significant price movements.
According to Ananda’s outlook, XRP is primed for a breakout past intermediate resistance levels at $2.71 and $3.02, targeting a major resistance zone near $4.51. If this momentum continues, the cryptocurrency could reach the $4.5 mark by early August.
Momentum & Institutional Interest: Why Now?
XRP’s recent price rebound has already been impressive — at one point, it added $6 billion in market capitalization in a single day. However, the token still needs to surpass the $2.30 resistance to pave the way for testing the crucial $2.50 level.
Adding fuel to this rally, XRP’s 24-hour trading volume surged by nearly 50% to $2.7 billion, indicating heightened investor enthusiasm and on-chain activity. On the institutional front, Nasdaq’s proposal on June 2 to add XRP to its flagship Nasdaq Crypto Index (NCI) could open the floodgates for more significant capital inflows, especially if the Hashdex Nasdaq Crypto Index US ETF (NCIQ) aligns with the updated index.
Technical Snapshot: XRP’s Current Standing
At the time of writing, XRP trades around $2.26, slightly down on the day but up over 5% for the week. It hovers just below its 50-day simple moving average (SMA) of $2.30 while comfortably above the 200-day SMA at $1.90 — a classic sign of short-term consolidation within a longer-term bullish trend.
The 14-day Relative Strength Index (RSI) at 53.3 reflects a neutral-to-slightly bullish momentum, suggesting that XRP still has room to run before becoming overbought.
With bullish technical setups, increased trading volume, and growing institutional interest, XRP appears poised for a significant price breakout. If Master Ananda’s forecast holds true, investors could see XRP approaching $4.5 as early as August — a target that would mark a major milestone for this popular cryptocurrency. Keep a close eye on XRP’s key resistance levels and market activity over the coming weeks.
