Ripple Labs’ XRP is back in the headlines after technical analysts confirmed a bullish trendline breakout that could set the token on a path toward multi-dollar targets. TradingView analyst Alan Santana identified a decisive move above a descending trendline following weeks of consolidation and a prolonged retracement from XRP’s December 2024 peak, a pullback driven in part by post-election optimism that had previously lifted prices.

The breakout positions XRP to retest key levels, with analysts mapping an initial move to $2.90, a follow-through to $3.10, and a possible extension to $5 if momentum persists. Santana highlighted a minimum upside case near $2.70, while another analyst, Cryptoinsightuk, flagged $2.61 as a pivotal level — a close above that mark was noted on January 12 as confirmation of a sustained upward trend. XRP has gained nearly 4% over the past week and is currently trading around $2.90, sitting above its 50-day simple moving average of $2.85 and well above the 200-day SMA at $1.97, indications analysts view as supportive of a robust uptrend. Sustained trading above $2.50 will be critical to keeping bullish momentum intact.

The technical momentum is being reinforced by renewed accumulation from large holders, as whales increase positions — a behavior commonly associated with rallies. Broader 2025 market conditions, including optimism around regulatory clarity, are also shaping sentiment. A crypto-friendly SEC chair has signaled a regulatory shift that could improve the outlook for digital-asset ETFs and related legal developments, factors that may bolster demand for XRP alongside major market players like Bitcoin and Ethereum and across DeFi and blockchain sectors.

Despite the upside potential, analysts urge caution: key support and resistance levels must hold, and investors should monitor liquidity, whale activity, as well as legal and ETF developments that will influence XRP’s next leg.