XRP Price Analysis: Breakout Potential & Key Support Levels

Steph analyzed key price targets based on both trendline projections and Fibonacci extensions, anticipating a potential resistance zone between $4 and $5 with $4.50 to $5 as critical range to monitor. He stresses that this move could represent a nearly 70% increase from current levels. However, he also emphasized the importance of maintaining support at a crucial level. A trendline drawn from January’s highs through recent lows intersects near the $2.64 range, aligning with the 0.5 Fibonacci retracement level. This level is vital as a breakdown below it could indicate a bearish continuation. Historically, XRP has faced rejections at this level, most notably in May and December of the previous year.