Peter Smith
XRP is absolutely crushing it right now, breaking through a major resistance level that traders have been watching for months. With the price sitting at $3.28, chart analysts are getting pretty excited about what could come next – and they're pointing to $5 as the next big milestone.
XRP Breaks Key $3.28 Level, Eyes $5 Target
Here's what's got crypto traders buzzing: XRP just smashed through the $3.285 resistance level, which corresponds to the 1.618 Fibonacci extension. According to chart analysis from @STEPH IS CRYPTO, this breakout could trigger a massive run toward $5.13 (the 2.618 Fibonacci level) and potentially even $6.99 down the road.
One trader summed it up perfectly on X: "Once #XRP breaks $3.28, we fly to $5!" And honestly, looking at the charts, it's hard to argue with that logic.
What the Charts Are Telling Us
The technical picture is looking pretty bullish for XRP right now. The monthly chart shows a clean breakout from a long-term triangle pattern, backed by strong green candles that suggest serious buying momentum. XRP has already blown past previous resistance levels at $2.14 and $2.84, so breaking $3.28 feels like the next logical step.
If this momentum keeps up, $5.13 is the next major target on everyone's radar. But some analysts think that's just the beginning – with longer-term projections pointing toward $6.99, there could be plenty more upside left in this rally.
Peter Smith
