Analyst Steph Is Crypto believes XRP is preparing for a major price surge, currently testing a crucial resistance level around $3.65. According to his analysis, breaking above this barrier could trigger a significant breakout, potentially pushing XRP to $9.53 - a level not seen since its last peak. The analyst notes that XRP's monthly chart resembles Bitcoin's setup during its historic rally, suggesting similar potential for explosive growth.
Meanwhile, technical analysis reveals XRP is consolidating within a symmetrical triangle pattern, with $3.3 resistance acting as the key barrier for bullish continuation and $2.8 support serving as the critical floor. The asset repeatedly defends the $2.8-$2.9 zone while facing persistent selling pressure around $3.2. A breakout above $3.3 resistance would likely expose the $3.5 swing high and potentially pave the way toward $3.7, while failure to defend $2.8 support could trigger a deeper correction toward the $2 demand zone.
XRP reached an all-time high of $3.65 in July, and market participants are closely watching whether the asset can break this critical resistance level to unlock the next phase of price growth.