XRP Breaks Out of Compression Pattern with $3.65 Price Target
Crypto analyst Steph Is Crypto has published an in-depth analysis of XRP's technical breakdown, identifying what he believes is a market positioning for a significant move.
XRP has been consolidating after breaking out of a compression pattern that defined its price action for months. The setup identified by Steph carries a technical price target of $3.65, which represents the top of XRP's all-time high.
The analysis centers on XRP's weekly chart, where it has traded within a strong bear market since July 2025. However, with the recent breakout above this structure, Steph considers the current price action as a bullish consolidation before the next upward leg.
The analyst also notes that XRP broke out of a secondary bull flag pattern on the 8-hour chart, with a short-term target above $2. Key levels to watch include $1.30, which is critical support, and $1.46, where XRP was previously rejected.