XRP Price Targets $5 as Bulls Eye Breakout—Can It Surpass the $2.70 Barrier?

A respected analyst has spotlighted four crucial signs XRP must show to escape the current bearish phase and ignite a breakout toward the $5 Fibonacci 1.618 extension level. Despite a global market slump triggered by Trump’s tariff announcement, XRP’s technical setup is generating cautious optimism among analysts. Renowned crypto chartist EGRAG Crypto shared a detailed roadmap that maps XRP’s journey toward the $5 mark. His analysis outlines four price levels XRP must overcome to shift the narrative from bearish to bullish.

First Resistance: $2.24 and the Shift to Bullish Momentum

According to EGRAG, the first sign of bullish strength will be a daily close above $2.24, which aligns with the 21-day Exponential Moving Average (EMA). At present, XRP trades around $1.90, making this a challenging but crucial barrier. Closing above the 21EMA often indicates a shift in short-term trend sentiment. “A break above $2.24 would signify growing buyer confidence and suggest we are no longer in a bearish phase,” EGRAG noted.

Mid-Range Fibonacci Resistance at $2.30 and $2.47

Next, $2.30 emerges as the second level, which correlates with the Fibonacci 0.382 retracement zone. This is a key level where many trend reversals typically confirm or fail. The third level sits at $2.47, corresponding to the Fibonacci 0.5 level—a major mid-range resistance zone. Both these levels are widely watched among Fibonacci traders for signs of price validation or rejection. Breaking these levels will likely signal mid-trend confirmation and attract more volume from swing traders and institutions eyeing the breakout setup.

Market Sentiment: Mixed Signals But Long-Term Bullish

Beyond EGRAG’s roadmap, other analysts are chiming in on XRP’s strength. Order book specialist Dom reported large buy walls near $1.90 on Binance, indicating whales are defending this key price level. Additionally, Coinbase has purchased more XRP than it sold in the last 24 hours, adding to overall buy-side momentum. However, not everyone is bullish. Ali Martinez spotted a pattern of head and shoulders, warning of a possible correction of $1.30. That pattern historically signals trend reversals.

Despite the risk, Korean Elliott Wave analyst XForceGlobal remains bullish. He praised XRP’s ability to maintain levels above $2.00, calling it “rare stability in a volatile market.” He added, “Even a dip to $1.30 doesn’t damage XRP’s long-term bullish outlook.” This sentiment adds weight to the belief that any pullback may be short-lived.

Conclusion: Will XRP Break $2.70 and Head to $5?

XRP is currently at a crossroads. If it can conquer $2.24, $2.30, $2.47, and especially $2.70, a $5 XRP $5 breakout may not be far off. Market watchers are keeping a close eye on these signals as the bulls and bears wrestle for control. With whale activity rising, strong defense at $1.90, and multiple Fibonacci targets in play, XRP could be gearing up for its most critical breakout phase yet.