XRP Primed for Largest Breakout in Its History as Monthly Chart Flashes Bullish Signals, Steph Claims

Steph, a notable trader in the crypto community, has spotted signs on the monthly timeframe on the XRP chart suggesting that the asset is gearing up for a historic run.

A popular crypto trader, known as Steph in the community, has observed signs on the monthly XRP chart indicating that the asset is preparing for an unprecedented price surge.

Steph shared his analysis on X, posting XRP’s historical chart. The graph shows that following the last major price spike, the asset's patterns have formed lower highs, creating a nearly seven-year consolidation period in the form of a symmetrical triangle.

According to Steph, this formation suggests that XRP has reached a critical decision point, and the next move could be the largest breakout in the asset’s price history. However, he did not specify a price target for the potential breakout.

Several market observers have noted a bullish outlook for XRP on the monthly chart.

In his analysis, market watcher Heikin Ashi shared a chart predicting that XRP could experience a breakout leading to an extraordinary 700X price increase, potentially reaching around $305.

Ashi outlines several growth phases for XRP, suggesting that the asset could first rise to $1.20. If momentum continues, XRP might then reach $2, paving the way for further increases to $6 and $20 before ultimately reaching the $305 mark.

Other analysts have also expressed bullish sentiments about XRP when observing the asset through other market indicators.

However, market participants are losing conviction in these bullish observations as XRP's price trajectory disappoints investors.

One X user expressed frustration with these repeated predictions, responding to Steph's latest analysis, “How is it that every week for years, people have been saying this and still think it's gonna happen?”

When Ripple's court cases with the SEC concluded last week, some analysts argued that XRP could use the event's fever to commence the much-awaited uptrend. However, this has yet to occur. While XRP briefly spiked to $0.64 following the event, it now trades at $0.5625.

X user Robert Ferreira responded to Steph's analysis by pointing out that even with legal clarity and favorable rulings, XRP's price remains stagnant. He noted that XRP is the most hyped coin in history, yet it remains significantly below its all-time high, stating: “It's a big fat, nothing burger. Read the charts any way you want.”

Despite this prevailing pessimistic perspective, enthusiastic XRP supporters remain optimistic about the asset's prospects.

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