XRP has entered a significant price region after surpassing a closely watched resistance, according to market analyst Steph Is Crypto. The digital asset moved above $1.42 and was trading near $1.53, but Steph Is Crypto noted that traders should wait for further confirmation before treating the movement as a decisive breakout.
Key technical levels for XRP
Steph Is Crypto identified a potential cup-and-handle pattern on XRP’s price chart, highlighting the neckline at approximately $1.53. The analyst indicated that a daily close above roughly $1.56 would offer a stronger signal that the breakout could be sustainable.
He remarked that a more convincing bullish move would require a larger daily candle with increased trading volume. However, he remained cautious, stating that the current momentum does not yet meet his criteria for a confirmed reversal.
Steph Is Crypto emphasized that although XRP has reached a breakout stage on the charts, substantial confirmation is still necessary. He would prefer to see both a stronger close above $1.56 and higher trading volume before declaring the move complete.
At the time of analysis, XRP was encountering resistance at $1.53, raising questions about whether the price could sustain further upward momentum.
XRP price targets and risk management
The analyst presented a short-term price target for XRP near $2 and set a technical objective around $2.44 based on the cup-and-handle formation. Nonetheless, Steph Is Crypto clarified that he did not intend to enter a new long position at these levels, citing lingering short-term weakness.
He advised that traders considering fresh positions should use a stop-loss in the $1.36 to $1.37 range, noting the relatively large downside risk from current prices. This configuration changes the risk-reward balance compared to earlier trading opportunities.
| Target/Zone | Price Level |
|---|---|
| Current resistance | $1.53 |
| Confirmation level | $1.56 |
| Short-term target | $2.00 |
| Cup-and-handle target | $2.44 |
| Stop-loss zone | $1.36–$1.37 |
XRP Ledger and on-chain developments
Steph Is Crypto also pointed to recent on-chain activity on the XRP Ledger, stating there has been an increase of more than 84% in the token’s burn rate. While he acknowledged the total amount of XRP destroyed remains limited, he described this uptick as indicative of greater activity on the network and a potentially positive indicator for the asset.
Additionally, he referenced comments from Ripple CEO Brad Garlinghouse, who observed that technological momentum persists within the sector regardless of regulatory or political outcomes. Ripple is a prominent fintech company and the main developer of the XRP Ledger.
The analyst also mentioned a recent submission to the Securities and Exchange Commission proposing a future XRP price as high as $3,300 and a US government acquisition of 10 billion XRP for hypothetical global settlement use. Steph Is Crypto cautioned that these figures are speculative and do not represent any official government policy or endorsement.
Mini dictionary: XRP Ledger – An open-source, decentralized blockchain that supports the transfer of XRP and other assets, primarily used for payments and remittances.
Support and resistance in focus
Steph Is Crypto described $1.48 as the initial support below the current price, with $1.43 acting as a pivotal level should further downside occur. He warned that a daily close below $1.43 could signal a loss of strength for the latest rally.
Conversely, a move above the $1.56 to $1.57 zone would provide the technical confirmation needed to support a larger upward continuation for XRP. As the asset trades between these important levels, traders are watching to see whether the breakout remains valid or loses momentum.
If XRP can close above $1.56 with higher volume, there could be a stronger case for a larger breakout. Still, a fall below $1.43 would challenge the current bullish outlook.
