XRP Poised for Breakout as Analyst Predicts 80% Rejection First

XRP is gearing up for a potential breakout as historical 89-day cycles align with growing bullish momentum and rising market interest.

Key resistance and Fibonacci levels around $2.56, $2.90, and $3.40 set the stage for XRP’s next upward move as traders regain confidence.

Breaking the descending trendline, XRP shows renewed strength with rising volumes highlighting strong institutional and retail participation.

The cryptocurrency market is experiencing a resurgence of interest in XRP hintting at a potential breakout phase. The cryptocurrency is presently trading above significant resistance levels and appears to be repeating a historical cycle that might see its price rise above $3

According to analyst Egrag Crypto, XRP is forming an “As Above, As Below” pattern that mirrors its previous 89-day market rhythm. “Right now, I’m in the camp that says there’s an 80% chance we’ll see a rejection around Point 2, or at best, a false breakout,” he stated

The chart shared by Egrag on X highlights two mirrored market phases—each lasting 89 days—suggesting XRP could follow a rhythmic price cycle before a true breakout occurs.

Mirrored Pattern Signals Potential Breakout

Egrag’s analysis shows four clear resistance points, labeled one through four, that previously capped XRP’s rallies. He expects a similar pattern to play out again, with the fifth touch acting as the potential breakout moment.

Source: Egrag Crypto

Furthermore, Fibonacci retracement levels are important resistance indicators, especially at $2.56 (0.618), $2.73 (0.702), and $2.90 (0.786). If momentum persists, higher levels at $3.40, $4.16, and $4.38 continue to be the long-term upward goals.

Egrag emphasizes patience, noting that the market “needs balance” before the real move begins. Hence, the current setup appears to be a preparatory phase, where precision and timing will determine the next major surge.

XRP Bulls Regain Momentum

Adding to the optimism, analyst Jack reported a clear shift in sentiment. “$XRP is heating up again! Bulls just smashed through the $2.55 resistance, eyes now on $2.8 and beyond,” he posted. His chart indicates that the long-term downturn may be coming to an end as XRP breaks out of a declining trendline.

Source: Jack

Additionally, Jack detected resistance zones at $2.74 and $3.20 and support at $2.28. Growing trading volumes show that both institutional and ordinary traders are becoming more involved.

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