Crypto market discussions intensified after financial chartist Celal Kucuker shared a bullish outlook on XRP, suggesting the asset may be preparing for a strong XRP breakout prediction phase.
His analysis highlights that XRP could eventually climb above $15 in the current cycle, a level that would mark a significant expansion from current price zones.
For him, such an occurrence will be in line with an overall XRP breakout prediction that is building up in the long-term chart. The momentum may increase once the resistance zones are penetrated. It is anticipated that this XRP breakout prediction formation will strengthen in the coming months.
Source: X
Long-term Structure Strengthens XRP Breakout Prediction Outlook
On the long-term logarithmic chart, XRP continues its position in the multi-year squeeze, which consists of rising support and falling resistance lines, established since the 2018 peak.
The current trading structure is vital for the XRP breakout prediction because of many failed attempts to break out.
The breakout from above the upper resistance in late 2024 and early 2025 proved the first leg of the XRP breakout prediction scenario. This led to an increase in the price to the $3-$4 area before a retracement.
In spite of the retreat, the XRP breakout prediction will still be valid as long as the price holds above key support levels. As per the analyst, this is a retracement rather than a shift in trends, so the bullish outlook prevails.
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Open Interest Cycle Points To Possible New Accumulation Phase
The on-chain data regarding the derivatives further sheds light on the fact that open interest in XRP futures witnessed multiple phases.
The first phase involved low open interest despite sideways price action, indicating less speculation and consistent spot purchases. This configuration is usually used as the foundation for a volatile move when leverage returns to the market.
Source: X
Further down the road, there was a spike in both price and open interest with the rise in XRP. Then, there was a cooldown stage where leverage dropped significantly, and positions were being cleared.
Deleveraging helped bring open interest down to below one billion, while the price was holding at $1.30, which means that bulls were in control. Currently, the setup is in the initial stages of a possible re-accumulation, where open interest is compressed with reduced volatility.
Nevertheless, the entire formation will be dependent on whether XRP continues to remain above the critical support level and avoids breakdown, thus ensuring the continuation of the bullish pattern.
An increase in open interest, along with an uptick in price, will indicate new momentum. However, any aggressive leveraging without spot buying may cause a pullback.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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