Is Sky The Limit for Ripple’s (XRP) Upcoming Price Moves? (Analyst)

TL;DR

• On-chain information shared by widespread crypto analyst Ali Martinez claims that XRP has no main resistance obstacles on its manner up.
• On the identical time, Glassnode reported that the most recent rally might be pushed by the futures market.

No Resistance Forward?

Till this time final week, analysts indicated that $2 is essential help in XRP’s future value efficiency, whereas noting {that a} surge previous the resistance at $2.26 may turn into pivotal in reaffirming the asset’s bull run restart.

Such a value surge certainly transpired a number of days in the past and the third-largest non-stablecoin cryptocurrency has remained above the latter ever since. Though it was stopped on its way to $2.7 yesterday, it nonetheless trades above $2.5 now and is among the many few altcoins in the green right now.

In response to Martinez, there’s solely clear sky forward for XRP. In a latest publish, the analyst with practically 140,000 followers on X indicated that “on-chain information reveals XRP has no main resistance clusters forward.” Then again, the zone round $2.38 has turn into a key help stage.

On-chain information reveals $XRP has no main resistance clusters forward, whereas the important thing help zone to observe sits at $2.38. pic.twitter.com/vvXjsSUYG1

— Ali (@ali_charts) May 13, 2025

In accordance with this bullish information got here just a few huge value predictions for XRP. AllInCrypto said the asset is on its technique to flip the earlier all-time excessive of $3.4 into help, which might “lead it additional alongside its technique to our $19 value goal in the long run.”

Others had been a bit extra modest, posting value targets of as much as $5.4.

Futures-Pushed Rally?

Glassnode famous earlier right now that the XRP Futures Open Curiosity had skyrocketed by over $1 billion in only a week, as much as $3.42 billion, representing a 41.6% improve. Given the underlying asset’s value rally that drove it to over $2.5, the analytics firm decided that the majority of it was pushed by leveraged positions, which suggests “rising directional conviction.”

$XRP Futures Open Curiosity has surged by over $1B up to now week, rising from $2.42B to $3.42B (+41.6%). This sharp improve in leverage coincides with a value rally from $2.14 to $2.48, suggesting elevated speculative exercise and rising directional conviction, pic.twitter.com/QbsaOM9oxE

— glassnode (@glassnode) May 13, 2025

Recall that the final time the Open Curiosity for XRP had shot up this quick led to a value surge from $2.3 to $3.3 inside every week or so again in January.