Analyst Predicts Major Turning Point for XRP as Key Resistance Nears Breakout

XRP has endured months of consolidation below a persistent downward trendline, with each failed resistance test tightening its trading range. Crypto analyst Steph Is Crypto (@Steph_iscrypto) suggests the asset may be approaching a critical inflection point based on his technical analysis of the 3-day chart.

Following a descending triangle pattern forming since January 2025, Steph indicates XRP appears near the conclusion of its prolonged compression phase. His analysis highlights dramatically reduced trading volume during this period - a factor he considers crucial for anticipating significant price movement.

The $2.33 level emerges as the decisive breakout threshold, representing the upper boundary of the descending resistance line. Steph emphasizes that only a confirmed daily close above this point would validate a bullish reversal. At analysis time, XRP traded at $2.18, nearing this critical zone.

Using Fibonacci extensions measuring from XRP's 2024 low to its January 2025 peak of $3.39, Steph projects potential upside targets including $5.38 (0.618 Fib), $11.31, $23.78, and $37.63 under strong momentum conditions. While acknowledging these targets require time, he cites XRP's 2024 breakout as precedent for rapid upward movement following trendline breaches.

Support levels are identified at $2.06, $1.95, and the crucial $1.61 April low which forms the pattern's base. The analyst notes brief pullbacks may precede sustained breakouts.

Disclaimer: This analysis represents the author's perspective and not investment advice. Readers should conduct independent research before making financial decisions.