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Junior Content Creator
Harvey Hunter
Junior Content Creator
Harvey Hunter
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The analyst who predicted the XRP price crash below $2.50 is now eyeing a surge to cycle highs as the front-running altcoin navigates heightened volatility.
The stagnancy that has suppressed XRP throughout February has erupted into action, with the price surging 9.16% over the past 7 days.
While the early week saw this momentum falter, sending XRP below $2.50, a second wave has since recovered much of the dip.
With today’s 5.11% gain, backed by an 11% uptick in trading volume to $5.5 billion, XRP could be poised for a major breakout ahead.
Analyst’s Projection Plays Out: Here’s What Happens Next
This price action aligns with analyst TehThomas’ projection shared on the TradingView platform.
They initially identified $2.50 as a key Fair Value Gap (FVG)—a significant liquidity zone where XRP could establish support before continuing its uptrend.
Throughout this cycle, the FVG has served as an imbalance area, often sparking reactions as traders step in to fill the gap.
Following a decisive rebound from this level, TehThomas believes XRP’s next critical step is to break above a descending resistance trendline.
XRP Price Analysis: How High Can XRP Go?
While TehThomas sets a breakout target of $3, the resistance trendline is part of a symmetrical triangle pattern forming since the new year.
While an initial attempt to break the trendline was rejected, the XRP price remains on strong footing for a reattempt.
The Relative Strength Index (RSI) holds steady at 57, while the MACD recently confirmed a golden cross, with the MACD line crossing above the signal line.
Such moves often precede significant price upticks, with the bulls firmly in control of the asset’s next move.
If a decisive breakout occurs, the triangle pattern sets a target of $4, marking a potential 50% gain from current levels.
However, the analyst notes that retesting the upper barrier as support post-breakout will be key to confirming sustained upward momentum.
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