XRP Price Analysis: Can XRP Finally Break Higher?

Added: 2026-05-11

[00:00:00]So, the market is very dynamic at the moment, and um yeah, XRP is just currently following the forecast that I only um repeated a few days ago in the XRP video on this channel.

[00:00:11]Um obviously, the idea is still this is a corrective rally at the moment for XRP.

[00:00:19]So, only a few days ago in the last XRP video, I explained that ideally, the market would push a little bit higher in this B wave that is unchanged. We've been looking uh for a short-term pattern that would allow for this C wave within this B wave rally to extend further. And yeah, I mean, we have seen this over the last few days. There was a 1-2 setup and another 1-2 setup, and we now seem to at least try to break out. So, is this a proper breakout that could even take us to $2 plus? It is possible. Um obviously, ideally, the market would reach at least the resistance zone $1.78, maybe even a little bit higher. This is absolutely possible. Just look at what Sui did today. It rallied significantly also into our resistance area. Just XRP should ideally catch up a little bit. Um but XRP is moving as well. Now, I have highlighted this again and again over the last few days. For those of you who don't know, as a gold member, you get additional updates on Discord. So, what we've been tracking here for XRP over the last few days, here for example, on the 8th, uh was this 1-2 setup. Perfect. The price reached uh wave two support, and I put it into the written update that we should see a turnaround here. Yeah.

[00:01:33]Um Um da da da da da da da da da da da da da da da And also, what we saw afterwards was a good reaction. I mean, these boxes are not on the chart just for decoration or something, right? Just because they look good. Um they they they are designed to provide support. Or even if on the smaller time frame, the pattern is very fragile, at the very least, these zones represent decision zones, yeah? Decision zones that can be observed, and especially if we have a wave one to the upside, which represents typically a small five-wave move, which indicates the trend direction, in this case up, on the shorter timeframe, the pullback, as long as support is holding, should end in this zone and lead to a rally. And you see this is basically played out perfectly. Um then there was even another one to set up for those who missed the first one, and now we seem to be in this breakout, yeah? So this is the charts tell the story, and we saw it earlier today already the start, yeah?

[00:02:32]And now and I talked about it in the member update earlier today that this might already be the breakout, so and uh yeah, and now and now and now, yeah, now we are in the move we're now moving, right?

[00:02:44]When I'm moving I thought I did Did I send some updates today as well later today?

[00:02:48]Yeah, I did. Just can't Yeah, it doesn't matter, we're now in the video. So um the market seems to be seems to be following Hold on, where are we now? Lost the plot now completely.

[00:02:59]Yeah, we now seem to be in this third of a third wave. Um what what we need to understand is there is a micro support zone between $1.45 and $1.48. As long as this is holding, which is the 50% retracement of this last rally, the market could move higher in a more direct fashion. It's important to understand that ideally we break above the $1.51 level next, but a break below $1.46 would be a first signal that a breakout attempt is failing. And this does happen very often. I mean, shouldn't be a surprise when the one-hour chart XRP is a very fragile stru- uh chart. It's it's not overall moving in an impulsive pattern, but the idea was that either here or here a larger low could have formed. So we've been watching for higher, and this is now the very first micro support zone that can be observed. If we break below it, then I think the focus will shift back to the swing lows of the of this week um at around $1.37, $1.38. If the market can break out, yeah, then the next level above is located around $1.59 and then $1.67.

[00:04:12]But we need to hold $1.45 in the first instance. Um if we break below it, it doesn't rule out an upside breakout attempt, but it will again make it much more difficult. I think what will then become more more more likely is that we're forming a something like an A B, come down again, and maybe try again, right? Um it would simply shift the the B wave that presumably bottomed on the 29th of April further to the right. It would mean that the triangle pattern might still be unfolding because if we can't even break above the last highs from the triangle, it's not a full breakout yet. So, this is an attempt, yeah, not a confirmed breakout yet. It's an attempt. I wouldn't be too surprised if it breaks down again. We can always try again. But for those who followed the one two setups, I mean, this was already a success, but they are only taking place on the smaller time frame at the moment. Bigger picture, the risk is the risk is that this is just part of a corrective rally, of course. These are, just by definition, much more fragile because they don't define new main trend. Yeah, this is just a quick update on XRP. Hope it was helpful just to highlight the levels here um in the short term. If there's something that interests you, further updates for XRP, feel free to check out our membership.

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