XRP Breakout Watch: Analyst Sees 56% Upside to $2.10
Crypto analyst Steph Is Crypto has identified key levels for XRP that could signal a sharp upward move if crossed in the coming days. According to Steph, the current structure on XRP's 8-hour chart is forming a bull flag or bull pennant, a classic continuation pattern in technical analysis.
The analyst emphasizes $1.43 as the most important resistance for traders to watch. He asserts that two consecutive 4-hour closes above this level would act as confirmation of a breakout, and his immediate target is $2.10, which would represent a 56% increase from current price levels.
Conversely, Steph highlights $1.30 as the key downside level, warning that any drop below could pave the way for a deeper correction. However, his primary scenario remains bullish unless $1.30 is lost.