Analyst Says XRP Is Two Major Breakouts Away

XRP could be approaching two important technical levels that may determine whether the cryptocurrency can make a stronger move toward $2.00.

Crypto enthusiast XRP Update has highlighted an analysis from Bird_XRPL, which identifies $1.42 and $1.56 as the two resistance levels XRP needs to overcome before a potential move higher.

In a recent tweet, XRP Update described the setup as requiring “two breakouts,” with $1.42 coming first and $1.56 following. According to the post, the key would not simply be breaking above both levels but turning them into support afterward.

“Turn both resistance levels into support, and the run toward $2.00 could accelerate VERY quickly,” XRP Update stated.

The analysis therefore places considerable importance on how XRP behaves after each breakout. A move above resistance that fails to hold could leave the cryptocurrency trading within its current range, while sustained support above those levels would strengthen the bullish setup described in the post.

Bird Expects XRP to Move Higher

When ChartNerd asked what could happen if resistance continues to act as resistance, Bird acknowledged that XRP could consolidate further before attempting another move higher. Bird said XRP could “bounce and chop around here for a while,” form a wedge, or remain within its current channel.

However, Bird remained bullish. The analyst cited deep liquidity above Bitcoin and Ethereum, noting that both cryptocurrencies had already broken out. Based on that broader market environment, Bird said he was “100% confident XRP follows higher soon.”

Bird also identified the sell walls around the resistance levels as the immediate obstacle. According to the analyst, XRP first needs to get through those walls, although Bird expects them to be absorbed because of broader macro conditions.

$1.45 Break Could Strengthen the Setup

Other comments under Bird’s analysis also focused on similar price levels.

For XRP Update, however, the immediate roadmap remains centered on $1.42 and $1.56. The analysis does not suggest that XRP has already confirmed either breakout. Instead, it identifies the two resistance levels that bulls need to overcome and hold if the move toward $2.00 is to develop.

As XRP trades around these technical areas, converting resistance into support could become the key test for the bullish scenario outlined by Bird_XRPL and XRP Update.