XRP Eyes a Breakout to $13 as Key Indicators Flash Bullish, Says Analyst

• XRP is above its ascending channel, with rising OBV and bullish indicators suggesting a potential breakout toward $3.50-$4.
• Analyst Egrag Crypto predicts a surge to $13, with resistance at $3.40-$4. A breakout could lead to double digit price levels.
• Failure to hold $2.30 support may lead to a pullback, but long term accumulation suggests XRP is up for a substantial upside.

Several technical indicators, including the daily Stochastic Relative Strength Index (SRSI) and Wave Trend Indicator, indicate a potential upward movement. The On Balance Volume (OBV) is also rising, indicating increasing buying pressure that could push the asset higher.

XRP’s Momentum Builds 

The Wave Trend Indicator, has formed a bullish cross, further supporting the positive price action. The OBV is in the green and continues to climb, suggesting that increased buying pressure is fueling the momentum. These signals indicate that XRP could be preparing for a substantial price movement in the short term.

Long Term Outlook Suggests Potential Surge to $13

The $3.40 resistance level is a major psychological barrier, followed by $3.50-$4, which aligns with previous all-time highs. A breakout beyond these points could precede double digit prices.

Key Levels to Watch 

The price is at $2.44, a steady recovery from previous lows. XRP’s major support zone ranges between $2.30 and $2.25, with historical lows at $0.30-$0.40 acting as safety. On the upside, surpassing $3 could lead to a surge toward $3.50-$4. 

According to Egrag Crypto, the long term outlook is bullish as XRP is building momentum within its current pattern. Monitoring key resistance levels is essential to confirm and predict the next major move.