XRP breaks above $2.10 as volume surge signals bullish shift

XRP pushed through the $2.10 resistance zone and is developing a price structure that, if sustained, could carry Ripple’s token toward double-digit levels over the coming years.

Monday’s trading session saw XRP climb 2.04% to trade at $2.13 after a decisive break above the $2.10–$2.12 area, an area that had rejected several rebound attempts since December 15. According to Coingecko’s charts, the breakout occurred on volume running 47.6% above the seven-day average.

Market cap is up $121.7 billion as the move gained traction. This places XRP among the strongest large-cap performers on the day. 

XRP analyst predicts move to $27 

According to popular crypto chartist ChartNerd, the weekly XRP/USD chart this week has created a confluence between Fibonacci extensions and the Elliott Wave pattern that maps out a potential path toward the $27 region.

XRP’s previous cycle completed both the 1.272 and 1.618 Fibonacci extensions without what they described as regulatory clarity or favorable macro conditions. In that earlier cycle, price action walked into those extensions but flipped during October’s slump. 

ChartNerd believes the current cycle has stronger structural tailwinds than in the past. The first phase stretches from the 2014–2016 period, when XRP traded in a compression structure coupled with lower volatility. 

A breakout followed into 2017, forming an impulse wave that carried XRP into its prior peak, then in 2018 through to 2024, the token oscillated within a narrowing channel, with price respecting support and descending resistance lines between $1.8-$2.8. 

The most recent advance, or “wave 4” as ChartNerd put it, began forming in 2024 and extended into 2025. Price breaks decisively above the upper boundary of the long-term channel and pushed toward Fibonacci extension levels above the previous cycle high. 

The analyst’s annotations highlight key targets derived from cycle-based Fibonacci projections, with a zone between roughly $8 and $27 marked as the expansion range.

“If you trust the process, great things happen. We have been covering this build-up since November. Here is the reward. Don’t shy away from a pullback soon. It will be healthy. Stick with me,” ChartNerd noted, telling the XRP community the positive price correction could continue.

Ripple’s native token did not immediately add to its gain column after crossing the $2.12, and has been stuck at $2.13 since Monday noon. Trading activity within the day has tested the lower boundary of $2.128, a level buyers seem willing enough to defend.

CryptoQuant: XRP reserves on exchanges now on multi-year lows

The minor victory for XRP bulls comes as exchange balance data of XRP reserves go down to multi-year lows, according to CryptoQuant analyst CryptoOnChain. Declining exchange balances may not guarantee price appreciation, but according to CoC, the condition can increase spot demand because fewer tokens are readily available for sale.

Binance Taker Buy Sell Ratio, measured using its seven-day simple moving average, surged to 0.991, its highest reading since late November. This metric compares the volume of aggressive buy orders to aggressive sell orders to see whether traders are more willing to lift offers or hit bids. If the ratio scales toward 1.0, it means selling pressure is heading downwards, and buyers are prepared to transact at market prices. 

The bearish phase in mid-December saw the ratio spend extended time below recent averages. And while the ratio has not yet held above 1.0, it’s currently near that mark.

Moreover, a second chart tracking XRP futures open interest from Coinglass shows open interest hovered near $3.3 billion on December 26 before dipping slightly toward the end of the year. As XRP’s price advanced into early January, now crossing $2.13, OI went up to the $3.8–$4.0 billion area.

An uptick in open interest and market value could mean investors are taking new positions to place long bets. When open interest falls during consolidation, there will be a reduced conviction, but continued growth would mean traders are waiting for follow-through.

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