Ripple (XRP) Shows Strength with Bullish Momentum, Targeting $2.70 as First Major High

Ripple XRP token price analysis: Key points for March 10

After weeks of consolidation, XRP price finally showed signs of a bullish breakout on March 9.

This breakout occurred from a descending trendline on the 4-hour chart, indicating a shift toward higher price levels.

Technical analysis suggests that XRP is positioned for further gains, with key resistance levels to watch.

XRP price analysis: 4-hour chart

A 4-hour chart analysis of XRP price highlights a period of consolidation following a sharp rally late last year. This consolidation took place within a descending channel, forming a technical pattern known as a "retracement."

In technical analysis, a retracement is a 50/50 scenario, where price either continues moving in the direction of the trend or reverses course. In this case, the breakout occurred to the upside, confirming the bullish trend.

Chart displaying XRP price analysis on 4-hour timeframe 4-hour XRP price chart. Source: TradingView

The broader market conditions in 2025, especially after the Bitcoin halving, have created an overall bullish environment for cryptocurrencies. This bodes well for XRP, increasing the chances of the asset continuing its upward momentum.

According to cryptocurrency expert Alan Santana, XRP is likely to reach some significant price levels in the short term. The first target, as per Santana's analysis, is $2.70, which marks XRP's last major high.

If the bullish momentum continues, XRP could challenge the $2.90 resistance level and even approach the coveted $3 mark.

“The break of the pattern upper resistance indicates an advance to the last high, that is a minimum of $2.7. This can go higher and $2.9 be challenged.”

XRP price analysis: 1-day chart

A 1-day chart analysis of XRP price shows the token maintaining a strong position above its 50-day simple moving average (SMA) of $2.15 and its 200-day SMA of $0.97, indicating a continued uptrend.

From a technical standpoint, XRP is positioned above a crucial support level, which also coincides with the 50-day SMA. If XRP manages to sustain gains above the $2.50 level, this could pave the way for further upward movement.

However, a failure to hold this level may indicate the possibility of a reversal.

Investors should keep an eye on how XRP price interacts with the $2.50 resistance level, as this will be crucial in determining the next direction of the trend.