XRP (XRP) Price Analysis & Prediction: ABC Correction Completed, $3.62 Target Eyed

XRP has completed an ABC correction pattern, setting the stage for a potential breakout. After peaking at $2.90 on December 3, the cryptocurrency

After peaking at $2.90 on December 3, XRP quickly retraced to $2.16 in Wave A, briefly rebounded to $2.65 in Wave B, and dipped below $2.00 in Wave C, completing an ABC correction pattern. This technical formation typically signals the beginning of Wave 2.

The cryptocurrency broke out of a descending parallel channel on the daily chart, reclaiming key price levels. If buying momentum continues, the price could push toward $3.62, aligning with Fibonacci extension targets and historical resistance levels.

Relative Strength Index (RSI) has rebounded from oversold conditions, moving toward a neutral-to-bullish zone. A climb above 50 could further validate upside potential.

The 4-hour Bollinger Bands indicate rising price volatility. XRP recently tested the lower band and rebounded, setting off a potential price rally. Meanwhile, the 20-period EMA at $3.08 remains a key short-term resistance level.

The MACD has crossed above the signal line, suggesting bullish momentum. However, the histogram remains flat, signaling the need for stronger buying pressure to confirm the move.

With XRP now above the $2.60 resistance, analysts are watching $3.45–$3.62 as the next price targets. If the cryptocurrency fails to hold these levels, it could drop back to $2.50–$2.60 before another breakout attempt.