XRP Price Poised for a Major Breakout: Here’s What You Need to Know
Ripple’s XRP is heating up! After completing a corrective wave structure, the price is showing signs of a potential bullish reversal. If you’re an investor or trader, now’s the time to pay close attention.
XRP Price Action: The Technical Breakdown
The Big Picture (4-Hour Chart)
XRP recently wrapped up a major corrective phase after surging to $3.40 on January 16. The retracement was sharp, forming a complex W-X-Y corrective structure that found strong support around $1.80—right at the critical 0.5 Fibonacci retracement level.
Why is this important? Because Fibonacci levels often act as turning points in price action, and buyers are stepping in right at this zone.
Adding to the bullish case, XRP has been trading inside a descending wedge pattern, which is known for producing strong breakouts. A decisive move above the wedge’s upper boundary, currently at $2.40, could confirm the reversal and fuel a new rally.
Key Fibonacci Levels to Watch
- $2.40 – Immediate breakout level
- $2.69 – 0.236 Fibonacci resistance
- $3.07 – 0.786 Fibonacci resistance (Major upside target)
- $3.86 – 1.618 Fibonacci extension (Bullish scenario target)
The Relative Strength Index (RSI) on the 4-hour chart is starting to recover from oversold conditions—another bullish sign. If momentum continues to build, we could see XRP push toward its previous highs.
XRP Price Prediction: What’s Next?
The 1-hour chart provides an even clearer roadmap. An early-stage five-wave impulse structure appears to be forming. XRP has already completed wave (i) up to $2.80 and is now consolidating within wave (ii).
The next move? If XRP clears $2.40, we could see a rapid acceleration into wave (iii), targeting $3.07 and beyond.
Bullish Price Targets
- $2.80 – 0.618 Fibonacci level (First stop)
- $3.28 – 1.0 Fibonacci level (Full impulse wave target)
- $3.86 – 1.618 Fibonacci level (Extended bullish breakout)
However, there’s always a flip side. If XRP gets rejected at current levels, a retest of $1.95 could be in the cards before the next breakout attempt.
Momentum Indicators Are Flipping Bullish
The RSI on lower time frames is signaling a bullish divergence, hinting that selling pressure is weakening. If volume picks up, wave (iii) could take off quickly.
Key Levels to Watch
- Immediate Resistance: $2.40 (Descending wedge breakout level)
- Key Resistance: $2.69 (0.236 Fibonacci), $3.07 (0.786 Fibonacci)
- Critical Support: $1.95 (0.5 Fibonacci retracement)
- Bullish Target: $3.86 (1.618 Fibonacci extension)
- Bearish Invalidation: Below $1.95 (Break of structural support)
XRP is setting up for a major move. If bulls push the price above $2.40, a surge toward $3.07 and higher is on the table. Keep an eye on volume and RSI momentum—this could be the start of XRP’s next big rally!
