XRP has reached a significant technical milestone, closing the quarterly candle at the highest level in its history, signaling potential major market changes.
Breaking a Multi-Year Barrier
The recent quarterly close on the 3-month chart confirmed that XRP closed above the $2.40 level for the first time. This level has restrained the asset for seven years, despite repeated attempts to break through during 2021 and other market rallies.
Historical Context and Chart Implications
Since its explosive rally to $3.84 in January 2018, XRP has spent seven years trapped in a wide range. Even during the 2021 bull cycle, when many altcoins soared to new highs, XRP couldn't reclaim its former glory. Now, for the first time in nearly a decade, XRP has broken through that upper boundary and secured a quarterly close above it.
What Comes Next for XRP?
With macro resistance behind it, XRP is aiming for the next psychological level — the all-time high near $3.84. Analysts believe a surge towards $5 and beyond is within reach. Some speculate about a move towards double-digit territory, driven by the strong nature of this technical breakout.
The highest quarterly candle close for XRP is more than just a chart event; it signifies a crucial breakthrough above a key resistance level that has defined its trading range since 2018.
