Artem Voloskovets
XRP appears to be setting up for what could be one of its most significant moves in years. Following months of sideways price action and a textbook correction pattern, the cryptocurrency is now testing major resistance levels that may determine the trajectory of its next bull run.
Current Technical Picture
Market analysts, including Mikybull Crypto, are highlighting what they describe as an "explosive" technical setup that warrants close attention from traders and investors alike.
The three-week XRP/USDT chart reveals several compelling signals. XRP has maintained solid ground above the $1.94 level (Fibonacci 1.0), demonstrating strong accumulation support from buyers. Currently trading around $2.50, the coin is consolidating just below the critical $3.25 resistance zone (Fibonacci 1.272). This price compression beneath a major ceiling often precedes significant volatility.
What makes this setup particularly interesting is the apparent completion of an ABC corrective wave structure. This suggests the market has finished its retracement phase and may be ready for the next impulsive move higher. The bullish projection extends toward $6.28 (Fibonacci 1.618 extension), which would represent roughly a 150% gain from current levels. As long as XRP holds above the $2.00 psychological level while repeatedly testing the $3.25 ceiling, the probability of an upside breakout remains elevated.
On the downside, immediate support sits at $1.94, which must hold to maintain the bullish outlook. Deeper support zones exist at $1.29 and $0.94 based on Fibonacci retracement levels. The key battle zone is clear: XRP needs to decisively break above $3.25 to unlock the path toward $6.28.
Factors Supporting Upside Potential
Several elements are working in XRP's favor beyond pure technical analysis. Ripple continues advancing its cross-border payment solutions, keeping the fundamental use case active and relevant in institutional finance. The broader altcoin market has shown renewed strength recently, creating a favorable environment for quality projects to rally. Additionally, XRP's extended period of sideways consolidation represents classic volatility compression—a pattern that frequently precedes sharp directional moves in cryptocurrency markets.
Artem Voloskovets
