Technical Structure Signals Approaching Upside
XRP may be on the verge of a major breakout, according to fresh technical analysis from a top market expert. The asset has been trading within a downward-sloping resistance trendline since early 2024, creating a tight consolidation range. With price action now coiling toward a potential breakout point, analysts suggest that the bullish scenario is gaining traction.
A daily close above $2.22 for three consecutive sessions is highlighted as the key trigger for a breakout. If this condition is met, targets at $2.36, $2.65, and $3.10 are expected to be the next short-term resistance levels.
The $1.90 support level remains critical. A sustained hold above this level reinforces the bullish structure, increasing the likelihood of an upward move.
Macro Analysis: Cycle 3 Projects Explosive Growth
Beyond short-term breakout levels, the long-term macro view is even more bullish. XRP is now considered to be in Cycle 3, following two previous market cycles observed between 2014–2018 (Cycle 1) and 2018–2021 (Cycle 2).
Each cycle included a two-phase rally: an initial breakout, followed by consolidation, and then a stronger second surge. Based on this pattern, the current market is entering the second phase of Cycle 3, which historically delivers the largest price gains.
Bold Price Targets Set:
- Primary Target: $29
- Extended Target: $46
These projections represent potential gains of 10x to 20x from current price levels. While such price appreciation depends on broader market conditions, the structural alignment with previous cycles adds confidence to the bullish outlook.
Price Consolidation May Soon End
With price compression tightening and macro patterns aligning, XRP’s multi-month consolidation could end with a sharp move. If bullish momentum confirms with volume and sustained closes above resistance, the token may retest historical highs and move toward new all-time levels.
Conclusion: All Eyes on the $2.22 Level
The $2.22 threshold has become the critical level to watch. A breakout above this resistance could confirm a strong bullish trend continuation. With macro cycle targets pointing to $29 and $46, XRP may soon offer significant upside potential if market conditions align.