A crypto analyst points to a weekly chart breakout potentially leading to a 71% rally, pushing xrp above $3.40. xrp has already reclaimed the $2 level and is breaking key resistance.
The analysis is based on technical chart patterns (triangle breakout, accumulation phase similar to 2017) by a crypto analyst, supported by broader market optimism, steady etf inflows, and perceived positive regulatory news (sec commissioner's departure).
The confirmed breakout on the weekly chart, combined with reclaiming $2, strong etf inflows, and a more favorable regulatory outlook, suggests significant upward momentum with a potential target exceeding $3.40.
The analysis references a 'weekly chart' and a 393-day accumulation period, similar to the 2017 breakout, indicating a sustained, long-term upward trend following the breakout.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Crypto analyst Steph is Crypto points to a setup on the XRP weekly chart that might yield a 71% rise if validated. Advertisement Steph is Crypto highlights a triangle setup on the XRP weekly chart, a breakout confirmation of which might yield as much as 71.15% gains, potentially pushing XRP above $3.40. $XRP BREAKOUT CONFIRMED! 👇 pic.twitter.com/GuSaMqThCN — STEPH IS CRYPTO (@Steph_iscrypto) January 3, 2026 XRP reversed four straight weeks of drop, posting a green candlestick on the weekly chart . At the time of writing, XRP was up 7.18% in the last 24 hours to $2.02, and 9.17% in seven days. Advertisement In a separate tweet, Steph is Crypto highlighted that XRP just completed 393 days of sideways accumulation, which is the same duration seen before the 2017 breakout. Back then, the price chopped, compressed and bored everyone out before expanding aggressively, the analyst said, adding that XRP is showing early breakout behavior. HOT Stories XRP Price Reclaims $2, Now Ranks Fourth-Largest Crypto Crypto Market Prediction: Shiba Inu (SHIB) First Pivotal Critical Price Moment of 2026, Bitcoin's (BTC) Implosion Enables $100,000, Ethereum Handles $3,000 Like It's Nothing Bitcoin Dominance Logs Rapid Plunge as XRP, SHIB, and Other Altcoins Surge Shiba Inu (SHIB) Burn Rate Explodes 10,728%, Ripple Unlocks 1 Billion XRP, Bitcoin (BTC) Price Breaks Four-Year Market Cycle — Crypto News Digest XRP reclaims $2 XRP rose above $2 on Friday for the first time since mid-December, extending a strong start to 2026. XRP saw sharp increases on Friday and Saturday, extending its rebound from the Jan. 1 low of $1.82. XRP rose from $1.86 to $2.05 on Friday, Saturday saw a sharp surge to a high of $2.13 before the price slightly declined. Advertisement XRP's price surge is driven by broader optimism in the markets and steady ETF inflows. U.S. spot XRP ETFs saw inflows of $13.59 million on Jan. 2, totaling $1.18 billion since launch. The price jump also comes following SEC Commissioner Caroline Crenshaw’s departure, which some market participants viewed as clearing the way for a more crypto-friendly policy stance. Crenshaw, a vocal crypto spot ETF skeptic, had opposed the SEC's decision to drop its appeal in the Ripple case, according to market commentary. Major resistance is seen at the daily MA 50 at $2.01; a sustained breakout above this key level might open the pathway for bigger gains, with XRP potentially surpassing $3. #XRP News #XRP Price Prediction #XRP