XRP could target $2.10 if breakout above $1.43 confirmed, analyst says

Technical signals on the 8-hour chart

In his recent analysis, Steph points to the consolidation seen on XRP’s 8-hour chart following a significant rally. He identifies the current structure as forming a bull flag or bull pennant, which he views as a classic continuation pattern in technical analysis.

Steph 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. Should this occur, his immediate target is $2.10, which would represent a 56% increase from current price levels.

On the chart, the structure looks like a bull flag and, typically, that’s a continuation pattern. Closing above $1.43 on two 4-hour candles would confirm the breakout, and I expect a move toward $2.10.

Conversely, Steph highlights $1.30 as the key downside level. He describes this as “the level that should hold at all costs,” warning that any drop below could pave the way for a deeper correction. However, his primary scenario remains bullish unless $1.30 is lost.

Weekly timeframe and long-term targets

Looking at the broader picture, Steph observes that XRP has been stuck in a compression pattern since the start of the bear market in July last year. A large weekly candle has recently broken above this structure, which he interprets as a significant shift in market momentum.

Within this longer timeframe, Steph identifies the top of a falling wedge pattern at about $3.68. While he cautions that reaching this price is not expected in a single move, he does believe XRP has the potential to set a new all-time high before year end if bullish momentum continues.

Mini dictionary: Bull flag / pennant – A technical chart pattern observed after a strong upward move, typically indicating consolidation before a continuation of the trend.

Retail sentiment and market dynamics

Steph highlights retail traders’ behavior as a key factor in the current opportunity. He notes that, after XRP spiked near $1.70 last week, many retail participants exited the market. Since then, with trading volumes muted and focus shifting elsewhere, the consolidation has continued largely unnoticed.

Retail gave up after the initial rally to $1.70 and left the market. While attention remains low, the chance for a significant move is only growing.

He argues that this lack of retail participation may allow those remaining to benefit more if a breakout unfolds.

Crucial levels to watch

The primary focus of Steph’s analysis rests firmly on two price levels. Confirmation of a bullish breakout requires XRP to sustain above $1.43, which could spark considerable upward momentum toward $2.10. On the other hand, any retracement below $1.30 could undermine the positive setup and signal a change in trend direction.

Steph concludes that XRP’s decisive move could arrive soon, urging observers to monitor these levels for the next significant development.