- XRP’s breakout above Fib Circle 1.414 at $2.98 signals bullish momentum, with $17 and $35 as long-term technical targets.
- Key supports now lie at $2.7292 and $1.2107, while $3.3515 acts as psychological resistance in the near term.
- Fibonacci models and bullish continuation flag suggest XRP may follow a parabolic trend if $3.010 is breached and held.
XRP is trading at $2.98 after breaking above a long-standing resistance zone, with analyst Egrag Crypto highlighting a measured move target of $17. The breakout comes after the token surpassed the Fib Circle 1.414 level, which had acted as major resistance since December 2024.
Egrag notes this move as a critical confirmation of bullish momentum, describing the setup as one that could accelerate toward historic highs if momentum holds. XRP has gained 37.26% this month alone, and its bullish continuation flag is forming just under the $3.3515 psychological resistance.
Fibonacci Circles Indicate Higher Projections
The Fibonacci spiral overlays used in the analysis stretch back to October 2017 and track market tops and corrections. Based on this model, XRP faces three critical near to long term targets: $6.50 at Fib 1.618, $20 at Fib 1.888, and $35 at Fib 2.0.
Additionally, other technical Fibonacci extensions place key future targets at $8.4890 (Fib 1.272), $13.7900 (Fib 1.414), and $27.6867 (Fib 1.618). According to Egrag, XRP’s path above these levels could similar earlier parabolic cycles.
The analyst emphasized the importance of a diversified exit approach, recommending a Dollar Sell Averaging (DSA) method to navigate volatility.
Bullish Continuation Flag Above Key Support
The price has closed above the Fib 0.702 level at $1.2107, now acting as a crucial support base. Technical patterns reveal a bullish engulfing candle that broke above a descending trendline stretching from early 2024.
A recent large-body candle confirmed this breakout, closing above both the trendline and a key moving average. The yellow 21-month moving average, now sloping upward, continues to offer dynamic support beneath the current price action.
Key Levels to Watch in Near Term
The short-term outlook places $3.3515 as the next resistance, while a close above $3.010, highlighted by Egrag, could confirm a new all-time high setup. However, rejection around $3.00–$3.01 may lead to a retest of $2.34.
A breakdown below this would expose XRP to downside levels near $1.62, potentially invalidating the ongoing breakout structure. Nevertheless, the current formation remains valid above the $2.7292 zone and has opened the door to a sustained upward continuation.
Overall, XRP’s current price movement shows a significant structural shift. The breakout above long-term resistance and key Fibonacci levels has placed XRP in a bullish configuration, with multiple upside targets; $6.50, $20, and $35, now technically aligned with historical extensions.
