XRP Price Eyes Major Breakout as Analyst Reveals Critical $1.30 Level

In Brief:

Crypto market analyst EGRAG Crypto has shared a new XRP technical analysis, identifying a potential breakout above $1.30 that could open the path toward $1.3884. In his latest update on X, the analyst highlighted XRP’s fifth attempt to break a descending resistance trendline, emphasizing the importance of defending $1.27 support to sustain bullish momentum.

XRP Approaches Critical $1.30 Breakout After Fifth Trendline Test

According to EGRAG Crypto, XRP has repeatedly encountered resistance along a descending trendline established in late September. The daily chart shows five separate tests of this barrier, with previous attempts failing to establish sustained upward momentum.

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Significantly, the latest TradingView chart placed XRP around $1.30767, reflecting a 2.53% increase during the recorded trading session. The cryptocurrency also reached an intraday high of $1.33977 before encountering renewed selling pressure.

EGRAG identified a confirmed daily close above $1.30 as an important development that could signal improving market conditions. Such a move would suggest buyers have overcome the descending resistance structure that has restricted XRP’s recovery. The analyst emphasized that maintaining prices above the broken trendline would provide stronger evidence of a developing bullish reversal.

XRP Faces Three Resistance Levels as Bullish Momentum Builds

EGRAG identified $1.3234 as the first resistance level XRP must overcome following a confirmed breakout above $1.30. This threshold corresponds to the 0.786 Fibonacci retracement level.

Beyond that barrier, the analyst highlighted $1.3551 as the next resistance level, aligning with the 0.702 Fibonacci retracement. A sustained advance beyond both levels could strengthen the cryptocurrency’s recovery structure and bring higher targets into consideration.

Additionally, EGRAG identified $1.3884 as a significant upside threshold within a region labeled the Zone of Confidence. Reaching this area would require buyers to maintain sufficient momentum while overcoming resistance across multiple price levels.

XRP Must Defend $1.27 Support to Sustain Bullish Breakout

Despite the potential upside, EGRAG emphasized that defending $1.27 remains essential for maintaining the bullish technical setup. The analyst expects XRP to establish support above the descending trendline rather than experience an immediate price surge.

Meanwhile, the chart identifies another support level near $1.2558, which could become relevant if buyers lose the $1.27 threshold. Additional downside levels around $1.1519 and $1.1061 appear within the broader technical structure.

EGRAG stressed that a successful breakout, followed by a retest and sustained support, would provide stronger confirmation of bullish momentum. XRP’s ability to close above $1.30 while defending $1.27 remains central to EGRAG’s bullish outlook, with resistance levels at $1.3234, $1.3551, and $1.3884.

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