4 Signs of Strength XRP Must Show for a Breakout Toward the $5 Fibonacci 1.618 Level

A prominent market watcher has called attention to four signs that indicate XRP is gaining enough strength to break out from the current bearish phase.

Notably, despite a sharp decline in the U.S. stock market due to Donald Trump’s announcement of reciprocal tariffs on nearly every country, the stock market and broader crypto market continue to fall.

Four Signs of Strength for XRP

Renowned market analyst EGRAG Crypto has issued a short-term roadmap for XRP, outlining four levels the asset must surpass to confirm a decisive breakout from the current bearish phase, potentially reaching the $5 mark. 

According to EGRAG, the first sign of strength will come if XRP closes above $2.24, which aligns with the 21-day exponential moving average (EMA). However $2.24 Now seems far away as XRP is currently trading at $1.90. For context, breaching this initial hurdle would indicate a change in market momentum from bearish to bullish and suggest growing confidence.

Following that, the second crucial level is $2.30, which corresponds with the Fibonacci 0.382 retracement level. Meanwhile, the third major signal would be a close above $2.47, aligning with the Fibonacci 0.5 level. 

The fourth and most important level is $2.70. This price point intersects with a yellow trend line on EGRAG’s chart and aligns with the Fibonacci 0.618 level, which many traders consider a decisive resistance zone.

EGRAG noted that breaching this threshold could lead to a massive breakout and set the stage for a new all-time high. He also projects a potential price target near the Fibonacci 1.618 extension, placing XRP in the $5 range if momentum continues.

XRP Remains in a Strong Position

In addition to EGRAG’s commentary, other prominent analysts have discussed XRP’s current state. Dom, a known order book analyst, observed strong buying activity on Binance. He noted that unidentified entities have been consistently placing large buy walls just below local lows, particularly around the $1.90 range. 

$XRP update

Someone keeps supporting price on Binance, popping up buy walls under local lows

Coinbase has actually bought more $XRP than they sold over the last 24 hours

Buy walls stay in tact in the ~$1.90 range

They just KEEP defending the $2 range

If $BTC snaps 80k, that… pic.twitter.com/c0xVz6YDkA

— Dom (@traderview2) April 3, 2025

This behavior suggests an interest in defending the $1.90 price level. Dom also pointed out that Coinbase has bought more XRP than it has sold in the past 24 hours, adding to buying pressure.

Meanwhile, Ali Martinez is still advising caution. He recently identified a head and shoulders pattern, warning that it still signals a potential move back down to $1.30. Essentially, this means that while XRP is currently performing well, there are still risks on the chart that market participants should watch out for.

However, Korean Certified Elliott Wave analyst XForceGlobal is more bullish. He highlighted that XRP’s ability to hold above $1.00, let alone stay firm above $2.00, is remarkable compared to most other assets in the market. 

How $XRP is managing to stay above $1.00, let alone $2.00, is honestly beyond me. It is an absolute rock when compared to every other asset out there.

And that’s exactly what we like: stability. It can fluctuate indefinitely, even dip into the $1 range, and STILL remain bullish.

— XForceGlobal (@XForceGlobal) April 4, 2025

According to him, this kind of price stability is rare and highly favorable, noting that even if XRP dips into the $1 range, as Martinez has suggested, its long-term bullish outlook would remain intact. Currently, XRP changes hands at $1.90.