Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
XRP targets $2.10 after breakout as Mason Versluis highlights critical levels

XRP targets $2.10 after breakout as Mason Versluis highlights critical levels

CointurkCointurk2026/09/02 20:12
By:Cointurk

XRP continues to trade quietly after a recent surge, with crypto investor Mason Versluis urging investors not to overlook the coin’s next potential move. Versluis, a prominent voice in the cryptocurrency space, outlined his technical analysis in a recent video, focusing on price levels and patterns that could dictate XRP’s upcoming direction.

Key resistance and support levels

According to Versluis, XRP’s recent sharp rally resulted in a price compression pattern on the chart, which he described as either a bull flag or a bull pennant. These formations, typically associated with trend continuation, suggest that further upward momentum may be possible if certain levels are breached.

He emphasized $1.43 as a crucial resistance point. If XRP manages to close one or two consecutive four-hour candles above this price, Versluis expects the coin to enter another leg higher. On the other end, he called $1.30 the most important support that needs to hold in the event of downward pressure.

His immediate price target stands at $2.10, based on projecting the height of the preceding rally onto the anticipated breakout from the current pattern. This level represents an estimated 56% increase from current prices.

ETH
SOL
BSC
ROBINHOOD
PAY
USDT
RECEIVE
AAPL

Versluis underscored that a clear break above $1.43 with sustained momentum could set up a sharp move toward $2.10, aligning with his bullish outlook on XRP’s short-term potential.

Long-term breakout potential

Taking a broader perspective, Versluis pointed to the weekly chart, identifying the upper boundary of a falling wedge pattern near $3.68 as the next major target over the coming weeks. He noted that while the journey may not be immediate, XRP could be positioned to challenge its all-time high before the end of the year, should the technical setup hold.

He cited a clear breakout on the weekly timeframe as the catalyst that could signal a significant trend change for the asset. Versluis described this weekly rally as an indication that the prolonged bearish phase, which began in July 2025, might be coming to an end, paving the way for further gains.

The technical alignment on both the daily and weekly charts gives Versluis confidence that XRP holders could see “the beginning of a massive move higher,” provided key levels are maintained.

Market participation and opportunity

Versluis observed a notable decline in retail participation following the spike to $1.70, suggesting that many individual investors exited the market during the recent volatility. He positioned this reduced attention as a potential advantage for those willing to remain engaged and monitor the unfolding setup.

The coordination between multiple timeframes, with a short-term target at $2.10 and a medium-term outlook towards $3.68, presents traders with a progression of milestones to watch. How XRP reacts to the $1.43 resistance in the coming sessions is seen as the first major test for this scenario.

With muted retail activity and evolving technical signals, XRP holders and traders will be closely watching price action at these pivotal levels as the market awaits its next major move.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Trillion-dollar South Korean Sovereign AI Investment: Nvidia Wins, SK Hynix Under Pressure

In July this year, the South Korean government announced plans to invest $919 billion in building data centers. Lacking domestic suppliers capable of independently producing cutting-edge AI accelerators, this initiative will open up a vast sovereign AI market for Nvidia. However, this is not purely good news for SK Hynix and Samsung. According to SemiAnalysis, Nvidia may have already secured preferential pricing for HBM in 2027 with SK Hynix.

华尔街见闻2026/09/02 20:47

The U.S. Treasury is becoming a "shadow central bank," and the Federal Reserve's monetary policy independence is facing erosion.

Bloomberg strategist White pointed out that Treasury bills, due to their zero discount rate, can be repeatedly pledged in the repo market, increasingly functioning like money and creating an effect similar to monetary supply expansion. This trend has a leading relationship with structural inflation. It puts the Federal Reserve in a dilemma: raising interest rates will immediately increase government financing costs, creating both fiscal and political resistance, fundamentally challenging the independence of monetary policy.

华尔街见闻2026/09/02 20:46