The structural positioning of the XRP price is under scrutiny again after a well-known market analyst marked a decisive bending zone that could be decisive the next phase of expansion of the asset. However, the call center is about whether price can be decisively overcome a reclaimed barrier that previously functioned as both a landmark and now as a ceiling.
Rejection of $2.47 Defines the Immediate Battleground of XRP Price
The analyst’s statement goes back to an earlier strategic entry near the $0.50 region. From that foundation, However, current price behavior reflects a shift in market character. The $2.47 level that once served as an upside target has now turned into overhead resistance. The graphs show that prices are stagnating underneath horizontal barrier after a sharp rallymaking it a supply-rich zone.
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This view is reinforced by XRP’s broader historical structure. A long-term chart shared by the analyst highlights a rounded macro base formed after a prolonged decline along a descending curved trendline. On that basis, multiple higher lows emerged, signaling gradual demand absorption. A breakout from this compression zone sparked the vertical expansion that ultimately challenged the $2.47 region.
Now the price is consolidating above previous support shelves compressed under resistance – a configuration more often associated with follow-on setups than with terminal tops. The analyst links this compression to the early stages of an altcoin cycle rotation, highlighting that XRP has historically outperformed during periods of industry-wide capital expansion.
Alt-Season Tailwind opens the way to $4,804, then $15+
The analyst’s forward projection depends on one trigger: a confirmed move back above $2.47. His models indicate that converting this level into support would open the next leg, targeting $4,804. From the current positioning, that would mean a gain of more than +230%.
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The projected path on the map he posted follows a stair extension structure – outbreak, consolidation, continuation – reflects XRP’s previous cycle behavior. Horizontal marks above the price show intermediate friction zones, but the trajectory assumes momentum will accelerate once the resistance supply clears.
Beyond this medium-term objective lies a much larger macro outlook. From a broader perspective, the analyst points to historical symmetry between XRP’s previous cycle expansion and its current base formation. The size of the completed accumulation, combined with the curvature of the long-term reversal, supports an extended projection that puts $15+ within strategic range.
This top target is not considered immediate, but a cycle-level radar point that depends on it sustained liquidity throughout the seasonpersistent upper-low formations and structural acceptance above reclaimed resistance zones.
In execution terms, $2.47 acts as a gateway. Rejection keeps XRP range bound; acceptance turns the structure into a continuation engine. If broader market conditions align with the analyst’s alt-season thesis, the charts suggest XRP’s expansion phase may remain incomplete – with $4,804 as the next operating milestone and $15+ positioned as the longer horizon target.
Featured image from Freepik, chart from Tradingview.com