XRP is showing new strength and respected technical analyst EGRAG Crypto believes that this asset is on the verge of a major breakthrough. In a recent post on X, EGRAG stated that XRP is "moving" and has now targeted the critical resistance level of $2.30. With XRP currently trading at $2.26, the price is hovering just below this crucial level, signaling that a decisive move may be imminent.

Technical setup indicating an imminent breakout

EGRAG's latest chart outlines a strong and clearly defined bullish structure on the 12-hour timeframe. XRP has been moving in an upward channel, creating higher lows and continuously testing upper resistance levels. According to EGRAG, a clean close above $2.30 on the 12-hour chart would confirm the breakout from this consolidation zone, potentially unleashing strong bullish momentum.

$2.30 is not arbitrary; it marks the convergence of several resistance points that XRP has previously faced rejection at. Breaking through this barrier would indicate that the buyers are gaining full control, setting the stage for the next bullish move. EGRAG emphasizes that this is not just a short-term recovery but part of a broader, well-structured continuation pattern.

Echoes of Fractal 2024–2025

According to a previous report, the current structure of XRP and its movement between November 2024 and early 2025. In the prior phase, XRP surged, retraced, and then entered a tightly consolidated phase before continuing to rise. The current price action is following an almost identical trajectory, only this time, the formation process is occurring with more clarity and strength.

XRP continues to hold above key support levels, forming a reliable base for accumulation. Each dip is met with higher buying demand, indicating that demand is quietly building in the background. As volume begins to shift in favor of buyers, the technical setup indicates a potential breakout could occur swiftly once the $2.30 ceiling is breached.

The broader sentiment context

While this analysis remains firmly rooted in technical factors, recent developments have improved XRP's market context. Ripple and the U.S. Securities and Exchange Commission have submitted a new settlement proposal after their initial filing was procedurally rejected. Although a secondary factor compared to the chart structure, the decreasing legal uncertainty is helping to bolster overall market confidence.

A decisive moment for XRP

XRP is currently less than 2% away from the decisive level. A confirmed 12-hour close above $2.30 could validate the bullish structure for months to come and unlock the next bullish wave. Traders are watching closely, knowing that this is not just another resistance test; it is a potential breakout that could determine XRP's short-term trajectory.