- XRP clears an 8-year trendline, triggering a confirmed breakout with Fibonacci targets set as high as $36.
- A breakout from $2.45 to $2.50 activates a 12-hour bullish structure, aiming for a 45% move toward the $3.40 range.
- With $2.3620 holding as support, analysts expect Wave (3) to stretch toward $8.85 if the bullish structure remains intact.
XRP has cleared major resistance levels and entered a confirmed breakout, opening upside potential to long-term Fibonacci targets. Technical analysts now track price continuation toward the $36 zone as structural momentum builds across both quarterly and intraday charts.
Quarterly Breakout Forms Long-Term Base
XRP has eliminated its multi-year downtrend resistance on the 3-month candlestick chart, shifting its macro structure. This breach follows eight years of rejection from a dynamic trendline dating back to the 2018 all-time high. With a confirmed close above this line, the quarterly chart signals trend reversal.
Following the breakout, Dark Defender mapped a five-wave Elliott impulse structure, beginning near $0.50 and peaking at $3.86. According to Dark Defender, Wave (2) retraced to $2.00, while Wave (3) targets the 161.8% Fibonacci extension at $8.85. He also noted that Wave (5) extends toward $36.27, aligning with the 423.6% extension.
Source: Dark Defender
At this stage of the pattern, the latest candle closes above $3.91, sustaining momentum above previous resistance. Dark Defender adds that $2.3620 and $2.2222 form quarterly support. Could this breakout candle above multi-year resistance confirm the beginning of an extended Wave (3) move, and offer technical alignment with Gerlaenco’s mid-term breakout target?
12-Hour Chart Signals Trend Shift
XRP’s lower-timeframe chart confirms a breakout above descending resistance, supporting further upside in price discovery. The move originates near $2.45–$2.50 and is confirmed by a strong 12-hour bullish candle.
According to Gerlaenco, this breakout targets $3.4032, equal to the prior January swing high. He also defines a projected gain of $1.0610 from the breakout, which would equate to a 45.30% increase. Could this higher low mark a directional shift that sustains momentum toward multi-year highs?
Source: Gerlaenco
To build on this, XRP price previously traded between $1.80 and $2.80 before consolidating inside a wedge. The breakout now places price in an open-range structure with no overhead resistance until $3.40. This has led to a recalibration of the support zone at $2.30–$2.35.
Even so, RSI and MACD are not shown in the chart, but price action confirms bullish continuation. Gerlaenco identifies no visible reversal patterns, underscoring strong trend bias. With the target zone between $2.55 and $3.40 now in play, market structure supports ongoing expansion.
What’s more, a vertical breakout arrow spans to $3.4032, visualizing the measured move. This aligns with historical breakout behavior in XRP’s macro cycles. As long as the structure holds, both timeframes indicate price expansion remains intact.
