XRP Shows Rare Bullish Structure as Analyst Spots First-Ever Ichimoku Signal

Utibe-Ima Sampson
4 Min Read

XRP may be entering one of the strongest phases of its long-term trend, according to a fresh review of its 3-month Ichimoku Cloud chart.

XRP Ichimoku Analysis

In a recent X update, market analyst Matt Hughes submitted that the long-range chart structure is showing something that has never appeared before in XRP’s trading history.

Hughes noted that XRP has stayed above both the conversion line and baseline on the 3-month Ichimoku Cloud for almost a year.

These two indicators act as major strength checkpoints in the Ichimoku system. Holding above them on a high timeframe usually signals that a trend is healthy and gaining momentum.

In previous cycles, XRP briefly climbed above these lines, most notably during the 2017 surge and again in 2021, but it never managed to build a long, stable base above them.

Hughes added that the current structure stands out because XRP has been able to hold these levels through several quarters without losing support.

The trend became clearer after November 2024, when XRP finally reclaimed $3 after eight years. Even though the token later pulled back from its $3.66 peak in July, it continued to respect the Ichimoku conversion and baseline levels.

The top chartist also believes this extended consolidation shows unusual trend strength that XRP has not displayed before.

XRP Price Expectations

With XRP holding above $2, Hughes predicted that the next large move is likely in its early stages. While he did not present a new near-term target in this analysis, his previous work includes several possible levels that traders are watching.

In October, he used Fibonacci extensions to outline a potential route toward $8.30 after XRP briefly dipped to $1.20. He also flagged $3.31 as the next significant area where the market could meet resistance.

Earlier in the month, he highlighted a series of upside checkpoints —$4.70, $6.20, $7.60, $9.30, and $12.30—that may act as reaction zones if XRP continues trending upward.

Other analysts share a similar outlook. Pseudonymous chartist Cryptollica said in a X post that XRP appears to be entering the final stage of a repeating four-phase pattern that last played out between 2014 and 2018. If that pattern continues, he projects a potential climb toward $10.

Fundamentals Add Fuel to the Technical Setup

Recent developments around Ripple have also improved sentiment such as the successful $500 million strategic investment . The company announced new partnerships and acquisitions last week, adding momentum to the broader narrative around XRP’s long-term use case.

Looking ahead, traders anticipate more clarity around XRP ETF approvals, which could provide the next major catalyst for the asset’s price trend.

With both technical and fundamental signals leaning positive, analysts say XRP may be preparing for a stage of the market cycle that it has never experienced before.

XRP is trading at $2.46 at press time, down over 4% in the past 24 hours.

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Utibe-Ima Sampson is an expert content writer and social media manager, with a strong background in crypto and blockchain technology. Her other interests include midwifery, nursing, music, kids care and catering.