- Analyst says $2.33 is the level that could trigger XRP’s biggest move in years.
- Volume trends and Fibonacci levels point to targets as high as $37.63 if breakout holds.
- Regulatory progress and market momentum may align to support XRP’s next major rally.
Market analyst Steph has identified a crucial price point that could determine the next major move for XRP. According to his latest technical analysis, a daily close above $2.33 may trigger a sustained rally that ends the ongoing consolidation phase.
XRP has been moving in a narrowing symmetrical triangular pattern, which indicates indecisiveness. Nevertheless, diminishing volume in this structure commonly results in explosive price behavior as soon as the market’s momentum changes. According to Steph, this is one of the indicators to monitor in the upcoming sessions.
The confirmation of a breakout above these levels may also result in a quick jump of XRP to the $3.00 level or higher, with a possible re-test of the all-time high of near $3.40.
Indicators of volume also justify the possibility of a breakout, as market behavior suggests that once XRP breaks above the $2.33 level with authority, a multi-leg rally driven by bullish momentum may follow.
The implementation of Fibonacci extension levels based on XRP’s low set in 2024 and high in January 2025 hints at a possible correction at the price points of 5.38, 11.31, 23.78, and even 37.63.
Source: @Steph_iscrypto
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Technical Setup Aligns With Market and Regulatory Shifts
Steph has emphasized that these targets are part of a broader technical setup and not immediate forecasts. Depending on market conditions and momentum, he believes the full breakout could unfold gradually over several weeks or months.
Regulatory developments may also act as catalysts. Institutional sentiment has been boosted by the legal developments between Ripple and the U.S. Securities and Exchange Commission and its attempts to secure a U.S. bank charter. In the meantime, the use of RLUSD is also growing, which adds to the asset interest.
Also, market dynamics are more favorable as the rotation of capital into altcoins and Bitcoin’s new highs have set the ambiance. XRP seems well-suited to gain if the altcoin market momentum comes back.
Nevertheless, care must be taken, as a strong liquidity block around $2.00 could act as resistance if the price fails to maintain key thresholds. Any decline beyond the level of $2.06 or $1.95 may slow down or dismiss the bullish position.
XRP is at a critical juncture, with $2.33 emerging as the level that could define its next significant move. A close above this threshold may ignite a long-awaited breakout, pushing the asset toward new multi-year highs.
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