XRP Needs to Close Above $1.51 to Signal Breakout Potential

• Altcoin XRP will only be ready for a breakout after closing above $1.51 resistance.
• Can the Ripple altcoin surge over the coming months?
• Many new ATH expectations for XRP sets the target at $15 and $21.

The crypto space continues to deal with mixed expectations as the price of BTC continues to trade in the $77,000 price range. While bearish sentiments tend to rise for the price movements of Bitcoin, altcoin assets seem to be holding strong. For instance, ETH continued to trade above the $2,000 price range. Despite this, one expert says that XRP will only be ready for a breakout after closing above $1.51 resistance.

With the price of ETH still holding above the $2,000 price range, expectations for altcoins to surge and enter the long-awaited altseason peak phase are still standing strong. What’s more, most altcoins are still printing strong bullish price patterns on their price charts, with some assets printing multi-year price pump patterns, including on the total altcoin price chart, a highly bullish signal.

Of the many promising altcoins in the market at the moment, Ethereum (ETH), Cardano (ADA), and Ripple’s XRP are some of the most bullish altcoin assets in the space. All three blockchains have set up several bullish milestones over the past cycle, meaning all their native token altcoins are nearing a breakout to reflect the success of the blockchains on the price of the asset.

In particular, Ripple’s XRP is expected to experience a bullish surge this altseason. As we can see from the post above, this expert says XRP will only be ready for a breakout after closing above the 41.51 resistance. In particular, he says that XRP has faced declines alongside the broader crypto market, down more than 25% this year to trade at $1.37.

What’s more, the chart data shows how XRP has consistently faced a roadblock at Fib. 0.5 aligning with the $1.51 price. The expert believes XRP could begin its breakout push once prices breach the $1.51 resistance mark. A separate analysis suggests this breakout could push the XRP price to a new all-time high of $15.

Popular crypto figure, Dan Gambardello, talks about how, with Kevin Warsh as the FED Chair, there are talks about an incoming productivity boom. Additionally, with Treasury Secretary Kevin Bessent publicly anticipating substantial disinflation, he states, “Nothing is more transient than a supply shock… core inflation will continue coming down… we may get one or two more hot prints, but then I think we’re going to see substantial disinflation.” That’s the Treasury Secretary laying down the runway before the data turns. The bond market hasn’t caught up yet, and most certainly, crypto holders haven’t either.