Analyst verifies a breakout on the XRP chart and forecasts the next target.

crypthub

6 days ago

Breakout Confirmation

XRP has closed above a long‑standing descending trendline on the daily chart, confirming a breakout that analysts view as a shift from a corrective phase to potential continuation. The trendline had kept the price down for months, rejecting upward moves and reinforcing bearish pressure. A daily close above this level is seen as sustained buying rather than a fleeting spike, strengthening the technical signal.

Target Price Implications

The $3 zone emerges as the next key target, representing a historic resistance area and a psychologically significant level. Clearing the multi‑month trendline often leads traders to aim for prior high‑liquidity zones, making $3 a logical next objective if momentum holds. Continued strength above the breakout level would keep this target viable.

Supporting Market Conditions

Broader crypto trends are improving, with capital rotating back into large‑cap altcoins and Bitcoin’s stability reducing downside pressure. Regulatory clarity after Ripple’s 2025 SEC settlement also removes a major constraint, helping bullish follow‑through on technical moves. These factors create a favorable backdrop for XRP’s ascent.

Future Outlook

While the breakout does not guarantee a rally, the confirmed daily close shifts market bias toward buyers. Traders will monitor XRP’s ability to hold above the former trendline; sustained acceptance would reinforce the bullish case and keep the $3 goal in focus. A failure to hold would likely lead to renewed consolidation.