XRP is entering a new phase of strong price discovery, following a significant breakout that analysts believe could mark the beginning of the next major bull run. According to cryptocurrency chart analyst Steph Is Crypto, XRP has officially escaped a prolonged accumulation zone. This development, supported by a solid market structure and historical precedent, signals that the next bullish momentum may have already begun.
Weekly Chart Shows Structural Breakout
The chart shared by Steph Is Crypto shows that XRP has consolidated within a clear horizontal range from $1.90 to $3.00 since the end of 2024. After a vertical price surge taking XRP from below $0.60 to above $2.00 in just a few weeks, the asset entered a prolonged accumulation zone, tightly fluctuating between support and resistance levels.
A notable "fake breakout" above $3.00 earlier this year briefly suggested a continuation of the bullish trend, but the price quickly reverted, indicating the breakout was premature.
That has now changed. The current weekly candle not only surpassed the $3.00 resistance level but also closed firmly above it, confirming the strength of the breakout. This development reflects the earlier pattern from mid-2024, when XRP consolidated in a narrow range before surging. This repeating structure further reinforces the belief that history is repeating itself, and a new bull wave is forming.
The timing of XRP's breakout coincides with more favorable macro factors for the cryptocurrency market. Recent regulatory clarity from U.S. lawmakers, particularly the passage of cryptocurrency-friendly legislation like the GENIUS Act, has helped bolster investor confidence. XRP, which has long been the center of regulatory debates, is now benefiting from a more favorable policy environment. This change has led to increased institutional interest, further supporting the price growth.
Furthermore, as the lawsuit between Ripple and the SEC nears its conclusion and the cryptocurrency market regains strength under President Trump's administration, XRP appears to be in a strong position to reclaim its status as one of the best-performing altcoins.
The Road Ahead for XRP
XRP's breakout above $3.00 has opened the door for higher price targets, with $4.00, $5.00, and even $6.00 now within reach. The current trend suggests that this breakout is not merely a short-term price increase but the beginning of a sustainable bullish phase.
As Steph Is Crypto noted, this breakout has just begun, and based on technical factors, price movements, and market conditions, XRP may be preparing for its most explosive move yet.