XRP Price Prediction: Can the XRP Cryptocurrency Hit the Critical $1.96 Resistance Level This Week?

The XRP token has experienced an upward trend not seen in years, as its price surged massively, reaching a three-year peak of $1.2654.

The XRP token’s recent price surge has been remarkable, reaching a three-year high of $1.2654. As per the weekly chart, the token surged 155% from a low of $0.4956, breaking through key resistance levels and invalidating a three-year symmetrical triangle pattern. With such technical milestones in sight, could the XRP cryptocurrency hit the critical $1.96 resistance level this week?

Historical Patterns Show XRP’s Cyclical Nature

Over the past three years, the XRP cryptocurrency has been consolidating within a symmetrical triangle. This extended period of accumulation, bounded by key resistance at $0.60 and support at $0.30, set the stage for a powerful breakout. The breakout from the triangle was triggered around $0.60, with the altcoin smashing through key Fibonacci retracement levels.

This includes breaking through the 0.618 level at $0.94 and heading toward the 0.786 level at $1.30. The trajectory from here is bullish, with the next key target at $1.96, aligning with historical resistance. This measured move suggests a further 84% gain from its current price.

The XRP chart also provides historical context, highlighting the token’s cyclical behavior. The token tends to undergo extended correction phases, followed by explosive market rallies. During the first cycle (2013–2017), the token consolidated for 43 months before rallying by 63,080.95% to its all-time high of $3.84.

The second cycle (2018–2021) saw a consolidation period of 33 months, followed by a 1,963.64% rally to a local top of $1.96. Now, in the third cycle (2021–present), the token has been consolidating for 19 months, setting the stage for a potential breakout to new highs.

If XRP manages to break past the critical $1.96 resistance level, it could pave the way for a further rally to the next Fibonacci extension target at $2.60. This would align with the 2.618 level, indicating a total gain of 220% from the current price.

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