Can XRP reach $20? The "bullish" phase is still ahead.

The price of XRP has significantly increased over the past 7 days, reaching a new all-time high of $3.66 on Friday and rising nearly 90% from its lowest point in April.

Despite its impressive performance, analysts suggest that some technical setups indicate that XRP has not yet entered the parabolic phase.

XRP's dominance rate "signals a strong growth wave"

Famous crypto analyst – Dom, stated that although XRP just reached its highest peak in years on Friday, some technical charts have not yet given a clear signal for an overall bullish cycle.

One of the important charts is the dominance rate of XRP in the market (XRP Dominance or XRP.D). Currently, this chart shows that XRP is returning to a critical resistance area around the 5.50% level – a level that has held this altcoin for over 2,200 days.

"In the past, whenever XRP.D broke through this resistance zone, the price often doubled immediately thereafter. If history repeats itself, the price could reach the target area between $7 and $10, depending on the overall movement of the market."

XRP's dominance rate in the crypto market | Source: DomAnalyst Egrag Crypto also shares the same view and adds that:

"Not many people pay attention to the XRP Dominance chart, but I believe it is signaling an extremely strong bullish wave!"

Specifically, Egrag pointed out that this index has just broken the bullish pennant pattern on the two-week timeframe, indicating the possibility of expanding the dominance range from 21% to 275%.

He also emphasized that the Visible Range Volume Profile (VRVP) tool is showing a clear "liquidity gap" above the 5.75% level, coinciding with the resistance area that Dom mentioned.

“If XRP.D closes above 5.75% – corresponding to important Fibonacci levels of 0.5 and 0.618 (8.59%) – then it is very likely that we will enter the ‘explosive’ phase of XRP!”

XRP dominance chart – 2 weeks | Source: Egrag Crypto## XRP/BTC signals explosive growth

The XRP/BTC trading pair is showing optimistic technical signals, indicating that XRP may not have truly begun its strongest rally yet.

The chart shows that XRP is approaching a significant resistance zone, an area that has constrained the price since mid-2019.

If XRP can surpass this threshold, it could trigger a strong breakout similar to the growth in 2018.

XRP/USD Chart -1 week | Source: TradingViewAccording to analyst Dom, this resistance area is the intersection between the highest value area (value area high) in the last 7 years and the average price based on trading volume (VWAP) from the ATH at $3.84 in 2018.

Dom said:

"This area has pushed back XRP for over 2,200 days, with more than 8 rejections here. Similar to the XRP Dominance chart, every time this area has been broken in the past, XRP has surged strongly right after."

XRP/BTC Chart – 1 week | Source: DomAdditionally, the MACD technical indicator on the weekly timeframe is also preparing for a (bullish cross), a strong bullish signal.

History shows that every time the MACD crosses positively like this, XRP/BTC has recorded impressive increases: 514% in March 2021 and 400% in November 2024.

Combining these technical factors, many analysts believe that XRP is on the verge of a breakout if it can surpass the current resistance level.

XRP aims for the $20 target

On the monthly time frame, the XRP price chart is confirming a bullish pennant pattern (, a technical signal that often indicates that the upward trend will continue after a consolidation phase.

Currently, XRP is facing resistance around the ATH mark of $3.84. However, if XRP can close the monthly candle above the upper trend line of the pattern, meaning surpassing the $2.55 mark, this altcoin will open up opportunities for a strong price surge towards the model's target above $18, an increase of about 417% from the current price.

![])https://img-cdn.gateio.im/webp-social/moments-0afd691f36ae18b517a67d0b59cfe65c.webp(XRP/USD Chart – 1 Month | Source: TradingViewTrader XRPunkie provides a brief commentary:

"According to the analysis, a target above $20 for XRP is evident and it will happen before the current cycle ends."

Vincent