XRP Approaches Major Milestones Following Significant Technical Breakthrough

XRP is currently priced at $2.51, reflecting a slight increase in the past 24 hours. This price surge follows a significant breakout from a price pattern that had kept the asset confined for seven years. Since the outbreak, XRP remains in a traded range supported by strong interest holding it above key previous resistance levels.

Technical Breakthrough Analysis

Recently, XRP transcended the upper trendline of a symmetrical triangle that had dominated its price movement for nearly a decade. This breakthrough has allowed the price to surpass crucial levels, such as previous all-time high candle closes and peaks from 2021. After this significant market shift, XRP has been consolidating between $2.00 and $3.00.

Market analyst ChartNerd suggests this area is now critical for accumulation, as prior resistance is now deemed a support zone, potentially allowing for base formation for future price movements:

📣 XRP broke out of a 7 year symmetrical triangle and has since been accumulating above the prior ATH candle closes & the prior highs from 2021 for nearly 12 months. Signalling significant strength and momentum.

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 31, 2025

Earlier reports have correlated the current XRP formation with the trends seen in 2017, with predictions pointing toward price highs exceeding $5 in the current market cycle. Furthermore, Fibonacci extension models suggest potential future values of $8, $13, and $27 based on historical price activity and prior triangle height.

Short-term Market Insights

Although the long-term outlook appears stable, short-term indicators show mixed signals. Analyst CRYPTOWZRD highlighted that XRP closed slightly lower with the impending monthly close poised to influence subsequent movements:

“Holding above $2.55 is bullish territory.”

Resistance is observed at $2.75, which, if breached, could trigger a significant upward move. Conversely, support at $2.27 is under scrutiny as analysts watch for any downward shifts.

Market Activity and ETF Developments

On the technical front, tools such as the TD Sequential have recently indicated a sell signal following the rally, providing forecasts that have historically performed well during previous XRP trends. Meanwhile, recent analytics disclose that substantial holders are reducing their positions.

Recently, attention has also revived concerning the impending launch of a spot XRP exchange-traded fund. Canary Capital has updated its filing with the US Securities and Exchange Commission, suggesting a launch could occur as early as November 13.

Analyst ChartNerd expresses confidence in the outlook as long as the asset maintains its position above the breakout zone: “The macro structure remains intact,” he stated, indicating the long-term chart supports ongoing upward movement.