XRP Faces Pivotal Moment at $2.41: Will Bulls Maintain Momentum?

XRP has demonstrated remarkable strength, surging past recent resistance levels with impressive momentum. However, the digital asset now finds itself at a crucial juncture, with the $2.41 price point emerging as a critical test that could dictate its immediate future trajectory. According to analysis by Steph Is Crypto, XRP is navigating a pivotal crossroads, with price action increasingly centered around the $2.41 level. This zone stands out as a major cost-basis wall, where significant technical and on-chain signals converge. How XRP reacts to this resistance will be key to determining if the current rally can extend towards higher targets or if it will prompt a temporary pause or reversal due to intensified selling pressure. On-chain data corroborates this, indicating that roughly 1.56 billion XRP were accumulated between $2.39 and $2.41, suggesting many holders may look to exit their positions and break even as the price revisits this area.

Wave 3's Powerful Breakout and Future Outlook

Further bolstering the bullish narrative, analyst Tara revealed that XRP's Wave 3 has executed a powerful breakout, decisively pushing beyond the 2.618 Fibonacci extension and clearing macro resistance at $2.30. This upward move was accompanied by a strong Relative Strength Index (RSI) reading, signaling robust underlying strength. The next significant upside target for XRP is identified at $2.49, aligning with the 0.618 Fibonacci extension of the anticipated fifth wave. Despite this strength, a short-term pullback is considered healthy, allowing the RSI to cool off and establishing a more sustainable foundation for the next leg higher. Ultimately, XRP's broader bullish structure remains intact as long as it holds above the macro 0.236 Fibonacci level. Analysts continue to closely monitor lower timeframe support zones and the unfolding Wave 1/3 impulse for further insights into the asset's path toward potential new highs.