XRP Turns Green Quarterly for First Time Since 2017, Eyes $5–$15 Targets
- On the quarterly chart, XRP has become positive, the first time it has done so since 2017, which is a significant technical milestone.
- The narrow band with resistance of 2.90 and support of 2.77 explains that momentum is gaining ground and a decisive action will be taken.
- With the momentum still going on, analysts point out $5 to 15 as an upside target in the event of a subsequent breakout, just like in the previous outburst-led rallies.
XRP has finally achieved a significant technical milestone since the token has gone green on the quarterly chart since 2017. The relocation is at a time when the asset is approaching its immediate resistance and the market participants are keen to see whether the asset would continue to move. XRP was trading at $2.89 at press time, having gained 3.0% in seven days.
Break Above Multi-Year Resistance
The price has already cleared a resistance zone which had seen its end in the past in order to limit upcharts. This technical change is similar to one that was made in 2017, with the breakout followed by a steep rise. The current resistance has been pegged at $2.90 and strong support has been pegged at $2.77. The closeness of these two levels highlights a trading tightrope with an increasing tension to make a decision.
Momentum Strengthens with Market Range
The trading activity of XRP in the past 24 hours demonstrates the buildup of momentum, and the token is near its resistance point. Meanwhile, the support level of $2.77 has been acting as a stabilizer when taking a pullback.
This structure will place XRP in the place where the market sentiment will be an important factor. More so, the token is at the present worth of $0.00002588 BTC, which is a 1.7 per cent increase over Bitcoin. These are indicative of relative strength in several trading pairs.
Quarterly Breakout Signals Potential for Higher XRP Targets
Notably, analysts have suggested possible targets between $5 and $15 should momentum accelerate. The latest quarterly flip to green signals that XRP may be entering a new phase of market activity. Historical context supports this idea, as the previous breakout coincided with a rapid expansion in price. With resistance at $2.90 being tested, any continuation may trigger an aggressive push higher, similar to earlier cycles.
The green candle of the quarter of the year is a major change of direction in XRP, like it had in 2017. Resistance remains at $2.90 under pressure and support at $2.77, which would provide long term upstream opportunities to achieve higher goals as bullish sentiment across markets is strengthened.
