Riot Platforms&#8217; Bitcoin sale highlights the strategic shift towards funding 
growth and operational efficiency, impacting future market dynamics.
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Riot Platforms sells $161 million in Bitcoin, trimming its holdings to 18,005 BTC

XRP has surged past recent resistance with impressive momentum, signaling 
strength in the current rally. However, the real challenge now lies at the 
$2.41 cost-basis zone, a key area where a significant amount of XRP was 
previously accumulated. How price reacts here will likely dictate whether 
bulls can maintain control and push toward higher targets, or if selling 
pressure creates a temporary pause or pullback. XRP Approaches A Critical 
Cost-Basis Resistance At $2.41 According to a recent update from Steph Is 
Crypto, XRP is now at a pivotal crossroads, with price action increasingly 
centered around the $2.41 level. This zone stands out as a major cost-basis 
wall where several technical and on-chain signals align, making it a decisive 
area in determining whether the current rally can extend or begin to stall. 
Related Reading: XRP Enters A Make-or-Break Zone As This Long-Term Support 
Cracks The cost-basis distribution heatmap highlights the $2.41 region as a 
dense supply cluster. Cost basis represents the price levels at which tokens 
were previously acquired. When the price returns to these areas, they often 
attract heightened trading activity. On-chain data shows that between $2.39 
and $2.41, roughly 1.56 billion XRP were accumulated. Many holders who bought 
in this range may look to exit positions to break even as the price revisits 
the zone, introducing selling pressure and reinforcing the area as resistance. 
This dynamic is also reflected in the XRP price chart, which shows repeated 
hesitation and multiple rejections around the same level. The alignment 
between on-chain supply data and technical price action suggests that $2.41 is 
an important level that XRP must overcome decisively to unlock the next leg 
higher. Wave 3 Breaks Out Above The 2.618 Extension With Strong Momentum Tara 
revealed that XRP’s Wave 3 has delivered a powerful breakout, pushing beyond 
the 2.618 Fibonacci extension and clearing the macro resistance at $2.30. This 
move was accompanied by a strong RSI reading, signaling strength behind the 
advance. Related Reading: XRP Price May Be Bearish Below $2, But On-Chain Data 
Tells A Different Story With Wave 3 extending higher, Tara identified $2.49 as 
the next key upside target, which aligns with the 0.618 Fibonacci extension of 
the fifth wave. Despite the strength of the move, Tara advised preparing for a 
short-term pullback. A brief retracement could allow the RSI to cool off, 
creating healthier conditions for the next leg higher and potentially setting 
up a clearer divergence on a renewed push. As long as XRP remains above the 
macro 0.236 Fibonacci level, the broader bullish structure stays intact. Tara 
is closely monitoring lower-timeframe support zones, marked in green, while 
continuing to track the move as a developing Wave 1/3 impulse. Featured image 
from Adobe Stock, chart from Tradingview.com

XRP Breaks Structure With Power — Now The Real Test Begins At $2.41

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XRP has shown a notable uptick in price action in the past 48 hours as XRP&#8217;s 
price pushed higher from below $2 at the beginning of the year, but it now 
finds itself trading near the $2.40 region. Interestingly, this recent push is 
more than just a bounce, especially as a longer-term chart structure shows 
comparisons with XRP’s behavior ahead of its 2017 breakout. How The 2017 
Structure Unfolded Before The Surge Technical analysis of XRP&#8217;s current price 
action on the weekly candlestick timeframe chart shows that the cryptocurrency 
is currently tracing out a similar price action to what it went through back 
in 2017 on the 3-day chart. In that earlier period, price action unfolded 
through a well-defined five-wave sequence, characterized by alternating phases 
of decline and recovery. Waves one, three, and five each pushed the price 
lower with corrective pressure, while waves two and four produced temporary 
rebounds that relieved selling pressure but failed to establish a lasting 
trend reversal. Related Reading: Bitcoin Price Parabola: What’s Different 
Between The Last Bull Cycle And This One? The final stage of that sequence was 
particularly important. During the fifth wave, XRP’s decline slowed and 
compressed into a falling wedge formation. XRP&#8217;s price slipped below the 
$0.005 level and eventually stabilized around $0.00485, where downside follow- 
through became increasingly limited. From here, the downside pressure 
gradually weakened, volatility contracted, and selling momentum faded. When 
XRP finally broke out of that compression, it quickly reclaimed the $0.008 
zone and broke through $0.02, resulting in the start of a rally that 
ultimately delivered gains well in excess of 1,000%. XRP Price Chart. Source: 
@Steph_iscrypto According to Steph’s analysis, XRP’s recent price action is 
following a remarkably similar rhythm. After topping out around $3.40 in 
mid-2025, the cryptocurrency entered a corrective phase that pushed the price 
steadily lower to create a falling wedge structure. That decline found support 
at $1.74, where selling pressure slowed and price action stopped making 
aggressive new lows. Now, it seems XRP is breaking out of the falling wedge 
and back to solidifying its price action above $2. XRP Price Action In Focus 
Now that XRP is back to trading above $2 and above the falling wedge, the next 
course of action is to look at how the price behaves from here. Of course, the 
most bullish course of action is for XRP to repeat a 1,000% rally, which would 
place it at a price target around $22. Related Reading: Popular Crypto Founder 
Dumps Millions In Ethereum, Here’s What He’s Buying In terms of how this plays 
out, there are resistance levels to watch out for. The $2.30 area is an early 
test, followed by $2.50 and $2.80, which are prior consolidation levels where 
XRP slowed down during its push to all-time highs in 2025. After that, the 
$3.10 price level and the previous 2018 high at $3.40 are the major 
resistances that would need to be reclaimed. On the downside, sustained 
weakness below $1.90, and especially a move back toward $1.74, would challenge 
the idea that the corrective phase has fully played out. Featured image 
created with Dall.E, chart from Tradingview.com

Same XRP Setup That Led To Over 1,000% Increase In 2017 Is Playing Out Again

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