- XRP broke a decade-long wedge structure, surging past $1.58 and targeting Fibonacci levels up to $27 with strong bullish momentum.
- Fibonacci levels at $3.53, $5.46, $6.40, $17.47, and $22.99 form XRP’s key resistance zones within the bullish “Blue Ocean” range.
- XRP’s breakout above the Atlas Line with rising volume and consistent higher closes confirms investor confidence and structural shift.
XRP continues its impressive climb as it breaks free from a nearly ten-year wedge formation, with price momentum gaining strength above critical technical zones. The cryptocurrency surged past the long-standing resistance near the “Atlas Line,” confirming a major structural breakout. This move followed years of consolidation between $0.20 and $1.00. The breakout point around $1.58 marked a crucial equilibrium, triggering a renewed bullish cycle. XRP has now reached $2.28, holding above key Fibonacci levels and setting the stage for a larger uptrend.
Fibonacci Zones Guide Next Targets
Besides breaching the 0.702 retracement at $0.955, XRP advanced through the 0.888 and 1.0 Fibonacci zones. These breaks confirmed further upside potential. Consequently, XRP is approaching the 1.236 Fibonacci level at $3.53, currently acting as near-term resistance. Above that, XRP enters the “Blue Ocean” range, a zone between $9.50 and $27.00. This region contains Fibonacci levels 1.414, 1.618, 1.888, and 2.0, with targets at $5.46, $6.40, $17.47, and $22.99 respectively.
Additionally, the chart reveals yellow curved lines, symbolizing ascending waves that support the continued upward trajectory. Moreover, XRP’s current position confirms strong market participation, evidenced by increasing monthly candle closes and rising volume. These signals reinforce bullish momentum, making the next Fibonacci levels realistic short-to-mid-term goals.
Market Structure Signals Strong Momentum
Parallel white trendlines, labeled “Final Wake Up Line” and “Atlas Line,” indicate a historical trading range. XRP spent nearly a decade fluctuating within this wedge. However, in early 2024, it broke out decisively, changing the long-term structure. Besides this breakout, XRP’s price behavior now reflects growing investor confidence and renewed trend strength.
Moreover, the equilibrium region around $1.58 remains a vital pivot for maintaining momentum. Hence, continued trading above this level will likely attract more buyers. With XRP futures gaining popularity, volatility is becoming more frequent. However, this also adds to trading opportunities across different levels.
