XRP Breaks Resistance and Faces Tough Test at $2.41 (8/1/26)

Jakarta, Pintu News – XRP has recently shown impressive gains by breaking through long-standing resistance. However, the real challenge for the digital currency is at the $2.41 price zone, where a large amount of Ripple has previously accumulated. The price reaction at this zone will largely determine whether bullish market participants can continue to control the trend or if selling pressure will trigger a decline.

XRP Approaches Critical Resistance at $2.41

According to the latest analysis from Steph Is Crypto, Ripple (XRP) is now at a critical junction with price action concentrating around the $2.41 level. This zone is a major cost-base wall where various technical and on-chain signals converge, making it a key area to determine whether the ongoing rally can continue or begin to stall.

The cost base distribution heatmap highlights the $2.41 region as a dense supply cluster. The cost basis depicts the price level at which the token was previously purchased. When the price returns to this area, it often attracts increased trading activity.

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On-Chain Data Shows Large Accumulation at $2.39 to $2.41

On-chain data shows that between $2.39 and $2.41, approximately 1.56 billion Ripple (XRP) has accumulated. Many holders who bought in this range may be looking to exit their positions to break even as the price returns to the zone, introducing selling pressure and reinforcing the area as resistance.

Wave 3 of XRP Records Significant Increase

Tara revealed that Wave 3 of Ripple (XRP) has achieved a strong breakout, surpassing the 2.618 Fibonacci extension and clearing the macro resistance at $2.30. The move is supported by strong RSI readings, signaling the strength behind the advance.

With an extension of Wave 3 higher, Tara identifies $2.49 as the next key upside target, which aligns with the 0.618 Fibonacci extension of the fifth wave. Despite the strength of this move, Tara suggests being prepared for a short-term pullback. A short pullback could allow the RSI to cool down, creating healthier conditions for the next leg higher and potentially setting up a clearer divergence on the renewed push.

XRP’s Future in the Hands of the Market

As long as Ripple (XRP) stays above the 0.236 macro Fibonacci level, the broader bullish structure remains intact. Tara continues to monitor the lower timeframe support zone, marked in green, while continuing to track the movement as a developing 1/3 Wave impulse.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Real Test at $2.41. Accessed on January 8, 2026