The market capitalization of the Ripple coin (XRP) has exceeded $130 billion: to what levels can the price rise?

Over the past week, the Ripple coin XRPUSD has risen by almost 6%, and its market capitalization has surpassed $130 billion for the first time since March 27.

Let’s figure out what’s happening in the Ripple marketXRPUSD and what to expect from the cryptocurrency price.

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Ripple coin has entered the overbought zone

The Relative Strength Index (RSI) reached 76.19, surpassing the 70 mark for the first time since March 19. Just yesterday, the indicator was at 51.4, indicating a sharp increase in buying interest over a short period.

This jump indicates that XRP has entered the overbought zone, where price dynamics may slow down or reverse depending on market sentiments.

Strong upward movements in the RSI may indicate the beginning of a breakout, especially if supported by trading volume and overall bullish sentiment in the market.

Ishimoku Cloud turns bullish

The Ichimoku Cloud maintains a bullish structure: the price is confidently above the Kumo ( cloud, formed by the Senkou Span A )green( and Senkou Span B )red( lines. Being above the cloud is generally a bullish signal, especially in the short term.

Meanwhile, the Tenkan-sen line )blue( has risen above the Kijun-sen line )red(, indicating a short-term bullish momentum due to the positive crossover.

The Chicouspan line ) is significantly above the cloud, confirming that the current momentum is supported by past price strength.

However, on the right side of the chart, the figure is becoming narrower. This may indicate a weakening of the bullish momentum and a weakening of support.

XRP Forecast: Reversal or Rally

The exponential moving averages (EMA) have formed several “golden crosses” since yesterday. This is a strong bullish signal indicating a potential bullish reversal or the start of a new rally.

If the momentum holds, the price of XRP will have a chance to rise to $2.50 or even higher. In a positive scenario, the next targets will be levels of $2.64, $2.74, and $2.83. In the most favorable outcome, the price of the altcoin may even break above the $3 mark — for the first time in several months.

However, if the momentum weakens and the trend reverses, XRP will face a retest of the support at $2.18. Losing this level will lead to a deeper correction down to $2.03. If the decline continues below $2, the next price targets will be $1.90 and $1.61.

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