XRP Breakout Analysis: Key Resistance at $2.41 and Next Steps
XRP has recently achieved a significant breakout past $2.30, targeting the crucial $2.41 level. The upcoming price action will determine if this bullish momentum can be sustained or not.
Key Takeaways
- 1# XRP Breaks Structure With Power — Now The Real Test Begins At $2.
- 241 XRP has delivered a striking breakout, shattering recent resistance levels with momentum that captures market attention.
- 3After breaking through the macro resistance at $2.
- 430, the token has surged into previously untested territory, now putting the critical $2.
- 541 cost-basis zone directly in its crosshairs.
XRP Breaks Structure With Power — Now The Real Test Begins At $2.41
XRP has delivered a striking breakout, shattering recent resistance levels with momentum that captures market attention. After breaking through the macro resistance at $2.30, the token has surged into previously untested territory, now putting the critical $2.41 cost-basis zone directly in its crosshairs. But as with any powerful move, what happens next will determine whether this rally sustains or falters.
The Breakout That Changed Everything
Wave 3 has now extended beyond the 2.618 Fibonacci level—a significant technical milestone that suggests the buying pressure isn't merely a fleeting bounce. Analysts, including insights from crypto observer Steph Is Crypto, are observing a clear pattern wherein XRP has successfully cleared major resistance that had previously capped upside moves. This signals renewed bullish conviction from both institutional and retail participants.
The momentum is undeniable; however, momentum alone doesn't guarantee sustained gains. This is where the $2.41 level becomes crucial.
The Sellers' Zone: $2.41 Is Make-or-Break
At $2.41, approximately 1.56 billion XRP sit at a critical cost-basis zone—meaning this is where a substantial number of holders accumulated their positions. This concentration of supply creates a natural inflection point. Many of these holders, particularly those who accumulated between $2.39 and $2.41, may view this price level as an optimal exit opportunity to lock in gains.
If selling pressure materializes at this zone, XRP could face a short-term pullback. According to RSI analysis on TradingView.com, a cooling-off period would actually be healthy for the structure. The momentum indicator is heating up, and allowing it to reset would help prevent overbought conditions from triggering a violent correction.
The Path Forward: $2.49 Is Next
If XRP manages to hold above the $2.41 zone and consolidate, the next upside target rests at $2.49. This level corresponds with the 0.618 Fibonacci extension of the fifth wave, a mathematically significant zone that typically attracts both institutional buyers and sellers.
The critical support floor remains the macro 0.236 Fibonacci level. As long as XRP remains above this baseline, the broader bullish structure stays intact.
Why It Matters
For Traders: Short-term volatility is likely around $2.41; a disciplined approach with tight stops and profit-taking targets is essential.
For Investors: This breakout validates the longer-term bullish thesis, but exercising patience through near-term consolidation could yield better entry points.
For Builders: Sustained momentum above $2.41 reinforces XRP's market relevance, potentially attracting more ecosystem development and institutional partnerships.
Entities: XRP, Steph Is Crypto, Tara, RSI, Tradingview.com Categories: Markets, Altcoins
