XRP Poised for Breakout as Technical Threshold Looms

XRP is nearing a critical technical threshold as it consolidates within a contracting triangle pattern. Analyst Ali Martinez notes that XRP needs to close above $1.53 on a four-hour chart to confirm the breakout, with $1.62 serving as the first upside target.

On October 2, XRP briefly reached $1.55 but failed to hold above $1.53, leaving the breakout confirmation pending. Martinez emphasizes that buyers must preserve the breakout through the four-hour closing period, as triangle formations can resolve in either direction.

A broader chart from More Crypto Online places the short-term breakout within a larger Elliott Wave structure beginning near the August low at $0.985. The analysis treats the recovery from that low as potentially impulsive and requires a complete five-wave advance rather than a three-wave rebound.

The chart identifies key resistance levels at $1.67, $1.93, and $2.25, with an additional target zone between roughly $2.14 and $2.99 if the wave sequence develops. Large holders have remained relatively sidelined over the past week, with no significant change in their XRP holdings.