XRP Breakout Could Unlock Major Upside, Analyst Predicts
Crypto analyst Steph_Is_Crypto highlights a multi-year diagonal resistance line capping XRP since 2021. On a two-week chart, XRP made three failed breakout attempts: $1.96 in 2021, $3.39 in January 2025, and $3.65 in July 2025. The analyst says a clean breakout above this trendline could trigger a new trading range and price discovery phase. A volume-backed breakout may push the token toward a $7 target. XRP has shown short-term weakness recently, falling to $2.71. Failure to breach resistance could result in further consolidation or pullback to support levels. Traders should watch for increased volume to confirm any breakout.
Bullish
XRP faces a multi-year resistance line that has capped its price since 2021. In crypto markets, clear trendline breakouts often spark strong rallies, as seen when Bitcoin broke above its long-term resistance in 2016. A volume-backed breakout could drive bullish momentum in the short term, attracting new buyers. Long term, clearing this barrier could reposition XRP into a higher trading range, supporting targets like $7. A failed breakout, however, might lead to consolidation or pullbacks. Given these factors, the breakout scenario for XRP is fundamentally bullish.