XRP Jumped 5% This Week — Here’s Why Chart Watchers Can’t Agree on What Comes Next
XRP rallied alongside Bitcoin's push past $66,000, but analysts are split on whether this is a real breakout or another false dawn.
If you’ve been watching XRP bounce around for the past year wondering when the pain might end, this week gave you a reason to check your wallet again. XRP jumped roughly 5% on Tuesday morning as Bitcoin climbed to a multi-week high above $66,000 and pulled much of the altcoin market up with it. But before you get too excited, the chart-reading crowd is far from united on what this move actually means.
What actually happened
Bitcoin’s rally to over $66,000 gave the wider market a lift, and XRP was one of the more visible beneficiaries. Several well-followed technical analysts jumped in to explain what the move might signal — and, as usual in crypto, no two of them tell quite the same story.
Analyst CW pointed to XRP pushing through what traders call “sell walls” — clusters of sell orders that have been capping the price. According to their chart, the next hurdles sit at $1.13 to $1.14, then around $1.16, with a bigger one waiting at $1.20.
Ali Martinez zeroed in on that same $1.13 level, noting it has blocked XRP’s attempts to break out for roughly the past month. In his view, a decisive move above it “could confirm the bullish breakout and open the door for further upside,” with short-term targets stretching as high as $1.30.
The eye-watering long-term calls — and the reality check
Then there’s EGRAG CRYPTO, who as usual offered the boldest read on the situation. Working from what he calls a “triple-bottom roadmap,” he laid out long-term targets of $9, $15, and even $31 — numbers that would represent an enormous move from XRP’s current price near $1.13.
His reasoning rests on what he describes as “a three-bottom sequence of rising cyclical lows, supported by XRP’s long-term exponential moving averages,” with the current bottom forming around “strong confluence” between $0.90 and $1.00. It’s worth being honest here: these are speculative, long-horizon targets from one analyst’s chart interpretation, not guaranteed outcomes, and readers should treat them as exactly that.
Not everyone is convinced the worst is over. ChartNerd offered the more cautious take, warning that XRP is still stuck inside the downtrend that began about a year ago after the token hit its all-time high of $3.65. “We remain inside the wedge structure and below the current descending resistance,” the analyst said, adding that XRP would need to clear $1.20 to show genuine strength.
Analyst Bird sits somewhere in between, arguing XRP has already taken its first real step out of a year-long period of tight, sideways trading — sometimes called compression — and that an “explosive candle” pushing the token to new local highs could land at any moment.
Why this matters if you’re holding XRP
For everyday holders, the takeaway isn’t any single price target — it’s that XRP remains in a tug-of-war between resistance levels that have repeatedly capped rallies and a broader downtrend that’s been in place since the token’s 2025 peak. A 5% pop is genuinely good news after a long stretch of grinding sideways, but the analysts themselves disagree on whether it’s the start of something bigger or just another bounce inside the same old range.
If you’re holding XRP, the practical levels to watch are the ones the chart-watchers keep repeating: $1.13-$1.14 as the immediate test, and $1.20 as the level several analysts agree would actually change the picture. Anything beyond that, including the more ambitious multi-dollar targets floating around, remains firmly in speculation territory until the price proves it.
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