XRP Breakout Marks Start of Bull Market, Analyst Says

XRP has entered what analysts describe as the beginning of a broader bull market phase. The latest structural breakout suggests XRP has officially transitioned into a new cycle after reclaiming a key resistance level. The chart shows the asset holding near the $1.90 to $2.00 area, maintaining its position above a major long-term threshold.

The chart outlines several repeating phases across XRP’s multi-year structure that previously led to large expansions. After extended consolidation along a rising trendline, XRP recently broke through horizontal resistance that capped price movement for years. Despite a pullback from the recent peak, the asset continues trading above this breakout zone with potential for upward continuation.

The pattern connects prior consolidation clusters, breakout points, and long accumulation stretches that preceded strong rallies in earlier cycles. XRP’s latest move aligns with these historical structures, as previous phases delivered significant upside once the market cleared comparable resistance levels. Current stabilization above the breakout area reinforces the idea that a new bullish sequence may now be active.

This moment matters because XRP’s long-term setup has repeatedly required substantial momentum to break above major multi-year ceilings. Holding this level can influence broader sentiment, signal increased altcoin participation, and shape expectations for the next stage of the market cycle. If XRP continues defending this structural zone, it may help define the trajectory of the broader digital asset landscape.

source: Amonyx