XRP Retests Breakout as Analysts Predict a Surge Toward $36

XRP

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  • XRP is retesting a decade-long breakout level after whale distribution eased selling pressure.
  • Analysts highlight $3.07–$3.60 as critical resistance and $2.85 as vital support.
  • Corporate buying from VivoPower adds to the bullish narrative.

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XRP is hovering at a key technical level that could shape its trajectory for years, with analysts pointing to historical patterns, whale activity, and growing institutional interest as fuel for a potential breakout.

Retest of a Decade-Long Pattern

After rebounding from early September lows, XRP is once again testing a pivotal breakout zone near $2–$3. Community analyst Dark Defender compared the current setup to XRP’s historic cup pattern from 2013–2017, which led to its surge to $3.31 in 2018. He believes XRP has completed a second, larger cup from 2018–2025, and argues that holding above this neckline is critical to confirm the bullish trend.

A chart displaying XRP price movements over time, featuring candlestick patterns and trend lines. The chart includes annotations for a 4-year and 8-year consolidation, labeled as "Breaking the 4 Year Trend, The Cup Top Level" and "Breaking the 8 Year Trend, The Cup Top Level." Text overlays show "Dark" in large letters and additional notes about price levels and timeframes, including "9 months in the Green Circle represents a 9 month time, this includes XRP and a retest & Continuation."
Source: Dark Defender

Dark Defender highlighted Fibonacci targets at $5.86, $18.23, and even $36.77—calling the move a “flight of the phoenix.” Analyst Stedas echoed this view, noting that a clean break above $3.60 could set the stage for runs toward $6, $13, and $23.

Analysts Emphasize Key Support Levels

Others stress caution. EGRAG CRYPTO pointed out that XRP’s current pullback has dipped slightly under its breakout line, warning that losing $2.85 support could trigger a slide to $2.65. He sees closes above $3.07 and $3.13 as critical for neutralizing downside risks.

Meanwhile, Tyler Hill of Fluence Global projected a rally toward $8.50 by November, citing Fibonacci targets at $4.45, $6.16, and $8.52. He added that the relative strength index still shows room for upside without overbought pressure.

Whale Moves and Corporate Demand Boost Outlook

On-chain analyst Ali Martinez reported that whales offloaded around 160 million XRP between late August and mid-September, creating short-term selling pressure. This distribution may have flushed out weak hands, with XRP climbing from $2.94 on September 9 to $3.18 on September 13. Martinez also flagged a TD Sequential buy signal on September 15, hinting at renewed momentum.

Also Read: XRP ETFs Could Ignite $50 Price Surge After SEC’s October Decision

Adding to the bullish backdrop, VivoPower International confirmed plans to expand its XRP holdings through a mining swap strategy using Bitcoin and Litecoin. The firm first entered XRP in May with a $121 million investment.

XRP is at a crossroads. If it holds key support and clears resistance near $3.60, analysts see room for a powerful breakout. But if support fails, XRP could slip back into its old range—making the coming weeks crucial for its long-term trend.

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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.