Analyst to XRP Holders: XRP Mega Breakout Incoming
2025-07-05 13:21:31
Main Idea
Analyst STEPH IS CRYPTO predicts a 'mega breakout' for XRP, with key technical indicators and price targets suggesting significant potential gains if certain resistance levels are breached.
Key Points
1. XRP is trading just above $2.20, with technical compression indicating an imminent price explosion.
2. A daily close above $2.33 could trigger a breakout, with projected price targets ranging from $5.38 to $37.63 based on Fibonacci extensions.
3. XRP is forming a symmetrical triangle on the monthly chart, with a potential breakout between early July and mid-September.
4. Broader market dynamics and regulatory developments, such as Ripple's ongoing case with the SEC, may serve as catalysts for XRP's breakout.
5. A rejection from resistance and break below support zones like $2.06 or $1.95 could invalidate the bullish scenario.
Description
In a recent post that has stirred excitement across the crypto community, STEPH IS CRYPTO, a prominent analyst on X, issued a bold proclamation: a “mega breakout” is incoming for XRP. With XRP trading just above $2.20, mounting technical signals and broader market dynamics are aligning to suggest a major move could be imminent. Technical Compression Suggests Imminent Explosion Steph’s analysis centers around a well-defined descending triangle pattern on XRP’s 3-day chart, stretching back to Janu...
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