XRP Consolidation May Be Turning Point Towards $2.30

XRP's recent consolidation may be on the verge of turning into a larger rally towards $2.30, according to analyst Celal Kucuker. To confirm this setup, XRP needs to reclaim and hold above $1.38.

Kucuker identified $1.37896 as the key confirmation level, which is currently trading around $1.35, down 2.2% over the past 24 hours and 6.5% over the last seven days.

The chart shows XRP trading inside a large contracting triangle, with resistance at $1.513 and $1.70, which would set the foundation for higher targets in the $2 range if reclaimed.

ChartNerd also shared their analysis, comparing the current pattern to previous market cycles and seeing possible targets around $8.33, $13.50, and $27, based on Fibonacci levels.