XRP, Opportunity Comes When It Breaks $1.51..."Too Early to Dream of $15"

▲ XRP

An analysis has emerged suggesting that XRP is nearing a strong breakout zone. However, it has been pointed out that a full-fledged upward trend reversal would be difficult unless it surpasses the key resistance level of $1.51. In recent months, XRP's upward momentum has been repeatedly halted near $1.51, and its current price remains around $1.37, simultaneously increasing both expectations for a breakout and concerns about failure.

The Crypto Basic reported on May 20 (local time), citing an analysis by market analyst Matt Hughes, that XRP shows a structure ready for a breakout, but a full-fledged breakout is only possible if it records weekly and monthly closes above the $1.51 resistance line. Hughes explained that this price level coincides with the Fibonacci 0.5 retracement level and is a key zone that has repeatedly thwarted XRP's attempts to rise.

XRP has fallen more than 25% this year and is trading around $1.37. After falling to a low of $1.1 on February 6, it attempted to rebound in line with the overall market recovery, rising to $1.66 a week later, surpassing $1.51. However, it failed to maintain the upward momentum and fell back below $1.51.

In March, XRP also attempted to break through the same price level. After tensions between the US and Iran escalated, it rose to $1.60 on March 17, but then fell back below $1.51. This month, XRP also tried to break the resistance, rising to $1.54 on May 14, but failed again. Based on these trends, Hughes believes that even if XRP has a promising structure, it is difficult to say that a breakout has begun until it makes a clear close above $1.51.

Another market expert, Celal Küçüker, analyzed that XRP is showing potential for a massive breakout on the weekly chart. He pointed out that XRP has been forming lower highs, blocked by a downtrend line since its all-time high of $3.6 recorded in July 2025, and the current price is close to the end of that trend line. Küçüker believes XRP is on the verge of a breakout, but Hughes re-emphasized a close above $1.51 as a prerequisite.

Even after breaking $1.51, additional hurdles remain. According to Hughes' chart, the next Fibonacci resistance zone is around $2.71, coinciding with the 0.618 retracement level. This price level was presented as the last Fibonacci retracement resistance before the all-time high of $3.6. Küçüker claimed that if a breakout materializes, XRP could rise to $15, threatening Ethereum's (ETH) position as the second-largest cryptocurrency.

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