The post When Will XRP Price Surge? Analysts Predict a Massive Breakout Soon! appeared first on Coinpedia Fintech News
XRP is holding steady at $2.30 after dipping over 1%, but many analysts believe the bottom is already in. With strong support levels intact and bullish indicators flashing, a breakout could be brewing. If history repeats, XRP might just be gearing up for its next big run!
Crypto analyst Steph has boldly claimed that XRP has reached its bottom and is gearing up for a major rally. The altcoin recently touched a low of $1.90 on March 11 and has since shown signs of recovery. Currently trading around $2.29, XRP’s price action suggests it might be setting up for a breakout.
Steph’s analysis is based on historical RSI movements. He observed that XRP’s Relative Strength Index (RSI) had been in a downtrend for two months, forming a falling wedge pattern. However, the RSI has now broken out of this trend, a signal that historically led to strong price reversals. In previous instances, such conditions triggered significant XRP rallies, with one notable example being a nearly 6X surge in November 2024.
With this breakout, Steph firmly stated, “XRP bottom is in. Send it higher.” If his prediction holds, XRP may not drop below the $1.90 level and could soon embark on a bullish run.
Wyckoff Re-accumulation Suggests a Big Move Ahead
Adding to the bullish sentiment, Steph also pointed out that XRP is at the end stage of a Wyckoff Re-accumulation schematic. This pattern, a classic consolidation phase in uptrending markets, indicates that strong hands are absorbing supply before another leg higher.
XRP has traded within this pattern since late 2024, particularly after the massive rally sparked by Donald Trump’s re-election. After hitting a peak of $3.4 in January, the token entered a prolonged consolidation phase, ranging between $2 and $3.3.
However, Steph warns that XRP must avoid closing a weekly or monthly candle below the $1.9-$2 support zone to maintain this bullish structure. If it holds, he remains extremely bullish and believes XRP is primed for a breakout.
When Will XRP Break Out?
According to Steph, the confirmation of a breakout would come when XRP closes a daily candle above $2.9. The altcoin attempted this move on March 2, reaching $2.9 after Trump’s reserve announcement, but the broader market downturn led to an 18.83% drop the following day, halting momentum.
Despite this, Steph remains optimistic. He notes that the weekly Stochastic RSI is on the verge of a bullish crossover, which could trigger a significant rally. Based on past trends, he speculates that XRP could surge by 500%, potentially reaching $13-$14. In an even more bullish scenario, he sees XRP hitting $30.
Meanwhile, EGRAG Crypto is doubling down on its bullish stance, highlighting $2.22 as rock-solid support for XRP. He pointed out that the fractal pattern is playing out exactly as expected, hinting at a potential big move ahead. With the weekend approaching, he urged traders to stay sharp and watch how XRP reacts—suggesting that something big could be brewing.
For now, XRP traders are closely watching the $2.9 resistance level. If it breaks, a massive rally could be on the horizon!
