- XRP holds above $2.20 as analysts eye $2.60 breakout to unlock higher cycle targets.
- Fibonacci targets suggest potential upside to $21, with $2.31 the next short-term level.
- On-chain data shows bullish divergence and strong buy pressure despite recent liquidations.
After weeks of consolidation and pattern development, XRP is showing early signs of strength as technical indicators and trading activity begin to align. Market analysts remain focused on critical levels between $2 and $2.60, with some forecasting a continuation of the broader uptrend toward the $8–$27 range this cycle.
Technical Formations Signal Long-Term Upside Potential
According to analysis prepared by Investing Haven, XRP has formed a textbook cup-and-handle pattern on higher timeframes. The current handle formation is being closely monitored, as a breakout could follow Bitcoin’s next major move.
Analysts note that similar patterns have preceded major rallies in past cycles, including the 2017 surge. Javon Marks also identified symmetrical triangle formations that led to massive breakouts during prior bull runs. Based on Fibonacci projections, he places the next targets at $21 and $152.
While many view the latter as speculative, the $21 mark aligns with the 1.618 Fibonacci level from the current cycle. At press time, XRP is trading at $2.22, sitting above major moving averages on the weekly chart.
On-Chain Signals and Short-Term Price Action Offer Support
According to BitGuru, XRP broke above $2.28 before retracing to the $2.20 range, where the market appears to be retesting previous resistance as support. A bounce at this level could confirm bullish continuation, with $2.31+ as the next immediate target.
Recent price action also reflects a surge in long liquidations, with CoinGlass reporting over $474,000 in long positions wiped out during a fast reversal. Despite this, CryptoQuant data shows positive cumulative volume delta, suggesting buy orders still outweigh sell pressure. The XRP/BTC pair is also forming a bullish divergence, signaling potential for further upside.
Analysts continue watching for confirmation above $2.60, which may set the stage for a broader move into higher targets. The setup, while not complete, keeps the long-term $8–$27 range in play.
