Market analyst Matt Hughes, widely known as The Great Mattsby, has presented a technical case that XRP is positioned for a major breakout.
Matt’s long-term chart analysis highlights a pattern of former resistance levels transforming into strong support zones. The analyst views it as a foundation for the asset’s next upward phase.
XRP Critical Price Levels
Using the Gann Fan tool on XRP’s weekly chart, Hughes identified how historic peaks have shifted roles in the current cycle. The 2018 and 2021 highs, which once acted as ceilings, no longer restrict upward momentum. Instead, they now provide structural backing for the market.
A key example is the $1.96 peak recorded in 2021. According to Hughes, XRP’s ability to hold above that price for weeks demonstrates underlying strength. The earlier $0.5 to $1 range, which capped rallies for years, has also been surpassed and left behind. Hughes argues that this progression reflects a maturing price structure that can sustain higher valuations.
The area of greatest importance in his analysis is the $3 level. XRP has occasionally traded below it but has consistently reclaimed the zone. Hughes regards this behavior as evidence of persistent demand. He maintains that once $3 is established as firm support, XRP will be in position for a breakout move comparable to previous rally phases.
Will $XRP still moon? Absolutely!
Its not if, its when.Just look at this Gann Fan and see all the previous resistance levels flipped to support. We are flipping the final boss level to support now pic.twitter.com/JEiofHnXHp
— The Great Mattsby (@matthughes13) August 28, 2025
Current Market Position
At the time of writing, XRP is priced around $2.86, following a recent attempt to push above $3.65 in July was rejected. However, this level was a new all-time high, showing the potential strength of a breakout in the current market.
Hughes describes the $3.00 zone as the decisive line. A confirmed hold above it would validate the structural breakout, while continued failure to secure the level could extend the consolidation period. In his view, the outcome is not a question of possibility but of timing.
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What’s Next for XRP?
Raoul Pal, CEO of Global Macro Investor, supports the broader bullish narrative with a market-wide perspective. He observes that capital is shifting away from Bitcoin into other assets showing growth potential. Ethereum, he argues, has already demonstrated strength, Solana appears to be following, and XRP is now moving into its own expansion phase.
Pal also points to XRP’s history of long consolidation cycles followed by sharp rallies. Since 2014, he notes, weekly chart patterns have repeatedly formed triangles that preceded significant upward moves. He believes the current setup beneath $3 resembles those earlier stages, and stated that XRP is in the “process of full porting.”
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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