XRP breakthrough key: need to stand firm above $1.53 for the four-hour closing price
Elliott Wave structure maps the resistance path towards $2.99. XRP needs to reach a four-hour close above $1.53 to confirm a breakthrough, with a first rising target of $1.62.
On October 2, XRP briefly touched US$1.55, but failed to remain above US$1.53, leaving breakthrough confirmation pending. The broader Elliott Wave setting marks $1.67,$1.93 and $2.25 as key resistance levels. If the five-wave rally completes, XRP's Fibonacci Wider setting sets the final target range between $2.14 and $2.99.
XRP is approaching a much-watched technical threshold as the price range narrows, with the market focus on achieving a four-hour close above $1.53. As of press time, the token traded at approximately US$1.50 on October 4, an increase of approximately 1% in 24 hours. CoinGecko data showed intraday trading ranges around $1.49 to $1.51. However, XRP prices remain below the resistance level established during the September rally, and an immediate breakthrough has not yet been confirmed. As a result, market attention is now focused on whether buyers can maintain XRP above the critical $1.53 level.
Analysts pointed out that the triangle arrangement pattern approaches the vertex
分析师Ali Martinez在四小时图表上识别出一个收缩三角形,XRP的价格在该形态顶点附近的下行阻力与上行支撑之间压缩。Martinez表示,确认信号需要价格在1.53美元上方完成四小时收盘。如果发生这种情况,他确定的第一个上涨目标位于1.62美元,这代表从1.50美元区域约有8%的上涨空间。尽管如此,确认要求至关重要,因为价格此前已短暂交易高于1.53美元。
过去一周,鲸鱼(大额持有者)相对保持旁观,其持有的XRP数量没有显著变化。与此同时,XRP继续在三角形内部盘整。随着价格接近顶点,更大的行情可能正在酝酿中。虽然10月2日XRP曾达到约1.55美元后回落,但该举动未能确立对突破水平的持续控制。因此,单日通过1.53美元的走势不能独立确认该形态。买家还需要通过四小时收盘来维持突破。然而,三角形形态可以向任一方向解析,因此收窄的范围本身并不能确立看涨结果。相反,收盘阈值仍是定义性的技术信号。
Martinez还报告称,大型持有者在上周对其XRP头寸没有显著变化,这使得鲸鱼活动在压缩期间相对不活跃。
Elliott Wave结构映射阻力向2.99美元
The broader chart provided by More Crypto Online places short-term breakthroughs in a larger Elliott Wave structure starting from an August low (approximately $0.985). Analysts believe that recovery from this low point may be a driving force. However, bullish structures need to complete five waves of gains rather than three waves of rallies. According to this framework, XRP first needs to hold support and clear nearby resistance levels.
The rise from an August low of $0.985 looks to be driving. As long as the September lows are held, the door to the $2.14 to $2.99 target area will remain open. The chart identifies $1.67 as a significant obstacle. If the wave sequence develops, further targets appear around $1.93 and $2.25. Its wider Fibonacci structure positions an additional target range between approximately $2.14 and $2.99.
The same analysis previously marked US$1.10 to US$1.38 as key support, with US$0.985 as a broader invalid reference point. This creates a hierarchical sequence of technologies rather than a single direct goal. Each higher goal depends on the price completion of the structure that analysts have outlined. This sequencing separates the immediate $1.53 trigger from the long-term goal that relies on additional confirmation. At present, the sequence is still simple and clear. XRP must first solidify the four-hour close above $1.53 and then challenge $1.62 before higher targets become technically relevant.

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