XRP Shatters 6-Month Resistance—Is a $77 Mega-Rally Next?

XRP just punched through a half-year ceiling, sparking whispers of a historic replay. The last time this happened? A run-up to dizzying heights.

Technical traders are circling—Fibonacci extensions point to a potential $77 target if momentum holds. But let’s be real: in crypto, ’if’ is doing Olympic-level heavy lifting.

Market veterans eye the charts with a mix of anticipation and skepticism. After all, past performance guarantees nothing—except maybe another Lambo ad if this plays out.

One hedge fund quant we spoke to muttered: ’Seen this movie before. Either we moon or get rekt—Wall Street does both daily with less drama.’

• XRP is trading around $2.32 with low volume, indicating a quiet market despite slight upward movement.
• The price remains in a consolidation range between $2.00 and $3.50, with strong support holding at $2.00.
• A breakout on the 6-month chart suggests the potential start of a larger third wave move.
• Key resistance levels are $5.85 and $18.22, while support lies at $2.22 and $1.88.

XRP is currently trading around $2.32, showing slight upward momentum amid a broader consolidation phase. Despite this modest gain, the asset’s trading volume remains subdued at $2.2B, hinting at a quieter market environment compared to the intense activity seen during previous rallies.

The digital asset made headlines after a powerful breakout pushed its price from below $0.50 to a peak above $3.00. This explosive surge was fueled by heightened market interest and significant buying pressure, marking one of XRP’s most aggressive bullish phases. However, the climb was short-lived. As selling pressure mounted, XRP struggled to sustain its upward trajectory and entered a period of volatility.

Since topping out, XRP has been trapped in a wide consolidation zone, fluctuating between $2.00 and $3.50. Despite multiple efforts to breach the $3.00 resistance, each rally has faced rejection, gradually carving out a series of lower highs. Still, the $2.00 support level has remained firm, offering a strong base and preserving the overall market structure.

Currently, XRP’s price action is narrowing, trading slightly above the midpoint of its range. This price compression, coupled with weakening momentum and declining volume, suggests that both buyers and sellers are waiting on the sidelines. The market appears to be in a holding pattern, awaiting a catalyst that could determine the next major direction.

XRP Long-Term Outlook

On the higher time frame, XRP has reportedly broken through a critical resistance level on the 6-month chart, an indication that a larger impulsive MOVE could be underway. According to the current wave structure, XRP is potentially in the early stages of a major third wave, often considered the strongest and most extended phase in an Elliott Wave cycle.

Initial resistance levels lie at $5.85 and $18.22, which could act as intermediate profit-taking zones if bullish momentum builds. These levels are seen as key checkpoints that need to be cleared before any push toward higher targets.

Beyond that, ambitious long-term projections place XRP’s extended targets around $66.96 and $77.70. While these levels might seem distant, they align with historical price fractals observed during past crypto bull runs, especially if macroeconomic conditions and market sentiment favor risk-on assets.

On the flip side, if XRP faces renewed selling pressure, the nearest support levels rest at $2.22 and $1.88. These zones will be critical in defending the bullish structure, as a breakdown below them could signal a deeper retracement or a prolonged consolidation phase.

Overall, XRP’s current technical setup suggests the asset is coiled for a significant move. Whether it breaks upward into a new bullish leg or slips into further consolidation depends on upcoming market dynamics, including broader crypto sentiment, regulatory clarity, and investor participation.

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