XRP sets $3.65 target as analyst highlights key breakout, low retail interest

The weekly breakout and price targets

Steph focuses on XRP’s weekly chart, observing that the asset has traded within a defined bear market structure since July 2025. He describes this period as a prolonged falling wedge, characterized by a downward resistance line and a corresponding downward support.

Recently, XRP broke above the wedge, closing with what Steph describes as a “beautiful weekly candle.” This breakout, he calculates, sets an upper technical target at the top of the wedge, near $3.65, which also marks XRP’s all-time high.

On lower time frames, Steph notes that XRP has also moved above a short-term bull flag, setting a shorter-term target above $2. He views the current price action as a bullish consolidation phase before a possible renewed uptrend.

Steph points to the importance of the weekly breakout, noting that the structure gives a technical price target at the previous all-time high of $3.65. He suggests that the recent consolidation reflects positioning before the next move upward.

Crucial support and resistance levels

Steph highlights $1.30 as a critical support level for XRP. In his analysis, maintaining this level is necessary for the bullish trend to persist. Should XRP fall below $1.30, he warns that a deeper correction could follow before any renewed upward momentum is possible.

To the upside, $1.46 stands as a major resistance and confirmation point. Steph argues that a decisive move above this level would indicate that XRP is likely entering a new phase targeting values above $2 in the near term.

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Retail interest and sentiment signals

Steph references Google Trends data, noting that search volume for XRP spiked in mid-August but has since dropped to its lowest point in 90 days. On a 12-month basis, retail interest is near its lowest level in a year.

He considers this a constructive market signal, linking low retail attention to periods when savvy investors could be quietly entering positions. Notably, high retail activity in July 2025 marked a local peak and a potential profit-taking window.

According to Steph, “Whenever no one is interested, you want to be interested in the crypto market.” He explains that low retail enthusiasm can precede significant price movement, while previous peaks in attention have often coincided with local tops.

Outlook for XRP

Based on the current breakout pattern and technical setups, Steph expects XRP could reach its all-time high of $3.65 in the coming weeks or months. However, the outcome hinges on the ability of the price to hold above $1.30 support and reclaim the $1.46 level, which would serve as confirmation for further upward momentum.