Key Insights: XRP price is trading near a key technical zone as analysts track whether buyers can turn the latest rebound into a wider breakout. EGRAG Crypto saidKey Insights: XRP price is trading near a key technical zone as analysts track whether buyers can turn the latest rebound into a wider breakout. EGRAG Crypto said

Ripple News: Analyst Eye $3.56 Target if This XRP Resistance Breaks

2026/05/17 01:28
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Key Insights:

  • Ripple news: XRP is testing the $1.51 Fib level, which EGRAG identifies as the first major resistance.
  • Dark Defender says XRP price broke $1.4746, with bullish 3-day RSI and stronger volume.
  • The breakout map places $3.56 as a higher target if XRP clears the $1.83–$1.88 zone.

XRP price is trading near a key technical zone as analysts track whether buyers can turn the latest rebound into a wider breakout. EGRAG Crypto said the $1.51 Fibonacci level remains the first major resistance, while $1.83 marks the next barrier. Another market analyst said XRP has already broken the $1.4746 “gateway” level. The shared Ripple news focus now sits on whether XRP can build enough strength to target $3.56.

Ripple News: XRP Price Faces First Test Near $1.51

EGRAG Crypto said the XRP price has failed to deliver a confirmed close above the 0.618 Fibonacci level near $1.51. That level now acts as the first major resistance in the current structure. The analyst said XRP must reclaim this zone before traders can treat the move as a stronger bullish continuation.

The next resistance sits near $1.83, which aligns with the 0.702 Fibonacci level on the analyst’s chart. The Ripple news said both levels could decide whether XRP moves into a Wave 5 expansion or remains inside a wider corrective pattern. His chart also shows a higher upside zone near $3.56 if buyers confirm a stronger structure.

XRPUSD Chart | Source: XXRPUSD Chart | Source: X

Dark Defender presented a more bullish reading after XRP moved above $1.4746. The analyst said XRP broke descending resistance and pointed to bullish momentum on the three-day RSI. His chart lists resistance levels at $1.66, $1.88, $3.56, $5.85, and $8.76, with $1.4746 and $1.36 marked as supports.

XRPUSD 3-Day Chart | Source: XXRPUSD 3-Day Chart | Source: X

The $3.56 target stands out as the first larger upside level after XRP price clears the lower resistance band. That means XRP would need steady buying pressure above the current breakout area before the $3.56 level becomes a stronger market focus.

Multi-Year XRP Cup-and-Handle Setup

Another analyst also noted that the XRP price may be forming a multi-year cup-and-handle pattern under nearly eight years of resistance. ChartNerd said the cup structure appears complete, while the handle may still be forming after XRP’s previous all-time high. The analyst also pointed to repeated Gaussian channel retests that have marked important support zones in past cycles.

XRP 8-Yr Cup and Handle | Source: XXRP 8-Yr Cup and Handle | Source: X

According to the chart, XRP could still revisit the $0.89 area, which aligns with the 0.5 Fibonacci level. This zone sits near the same support area shown on the macro setup. The analyst said similar retests occurred several times over the past six years and also appeared around the 2017 cycle low.

The broader chart shows possible Fibonacci extension targets above $8 if XRP confirms a larger breakout. However, the setup still depends on whether buyers can defend the current support range and reclaim higher resistance.

Ripple News Adds Regulatory Support

XRP also gained attention after the U.S. Senate Banking Committee advanced the CLARITY Act in a 15–9 vote. The bill has become a key focus for the broader crypto market as traders watch whether it can create clearer rules for digital assets.

Market data also shows stronger holder activity behind the recent price recovery. Whale wallets holding at least 10 million XRP reportedly reached an eight-year high, while exchange supply fell toward a seven-year low near 1.7 billion tokens. Lower exchange balances can reduce available sell-side liquidity when demand rises.

Therefore, a stronger move above $1.51 would give bulls the first confirmation level, while a close above $1.83 would strengthen the case for a push toward $3.56.

The post Ripple News: Analyst Eye $3.56 Target if This XRP Resistance Breaks appeared first on The Market Periodical.

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