XRP is approaching a major turning point, and crypto analysts say the next move could be explosive. With prices hovering around $2.80, a breakout above $3.33 could trigger a rally toward $5.85—or even $18—according to new technical analysis.
XRP holds strong as traders watch the $3.33 breakout level
XRP is consolidating between $2.70 and $3.66 in what many see as a healthy accumulation phase.
Key price levels based on Fibonacci extensions:
- 161.8% ($1.88) – Already hit
- 270.2% ($3.35) – Near current price
- 261.8% ($5.85) – Mid-term breakout target
- 361.8% ($18.22) – Long-term bull case
Analysts say this setup mirrors past XRP cycles, where sideways movement preceded steep rallies.
Elliott Wave analysis signals major upside
According to the chart shared by @DefendDark, XRP is tracking a classic Elliott Wave pattern:
- Wave 1: Completed strong move upward
- Wave 2: Ongoing consolidation
- Wave 3: Could send XRP above $10
- Wave 5: Final push may reach $18.22
Wave 3 is typically the strongest, and if historical patterns repeat, XRP may soon begin its biggest run in years.
Short-term price action supports bullish case
XRP is trading above the 100-hour simple moving average and holding key support:
- Support: $2.78 and $2.70
- Resistance: $2.87 and $2.92
A move above $2.92 could lead to $2.98 and $3.05 next. Staying above $2.78 would keep the bullish scenario intact.
However, a break below $2.65 could invalidate the pattern and open downside risk.
What’s next for XRP in 2025?
Two factors could decide XRP’s path:
- Break above $3.33: Confirms bullish structure, opens the door to $5.85
- Bearish token flows: A recent 3.33B XRP exchange transfer raises short-term sell pressure concerns
Still, longer-term traders remain confident. As @DefendDark put it:
“Above $3.33, you know what’s going to happen.”
This content is brought to you by the FingerLakes1.com Team. Support our mission by visiting www.patreon.com/fl1 or learn how you send us your local content here.