XRP's chart is showing a classic breakout pattern favorable for traders. Analyst STEPH IS CRYPTO highlighted this setup by indicating a clearly defined support area.
Strong Momentum and Market Context
Currently, XRP is trading at $3.02, backed by healthy exchange activity. These indicators follow a long period of consolidation and a breakout to new cycle highs. The $2.70–$2.80 level now serves as a key zone for traders monitoring this movement.
Legal Clarity Fuels Confidence
The recent resolution of Ripple’s lengthy court battle with the SEC removes a major hindrance. Both parties have withdrawn their appeals, and the appellate court approved these withdrawals, effectively closing the case. This legal clarity has reduced regulatory uncertainty, making XRP more appealing to institutional investors.
Upside Targets and Technical Signals
Market analysts are observing multi-week continuation patterns indicative of potential price gains. Conservative resistance lies in the $3.30–$3.50 range. Sustained daily closes above those levels, supported by rising volume, would confirm the next stage of the rally.
The chart shared by STEPH IS CRYPTO captures an ideal bullish structure: a breakout, a measured pullback, and a firm support flip. As long as XRP holds the critical green zone and market volume supports the move, bullish sentiments will persist.
