Steph Is Crypto Says XRP Needs Daily Close Above $1.31 for Breakout Signal

Crypto analyst Steph Is Crypto identified a daily close above $1.31 as the earliest sign that XRP may be breaking above descending resistance in an Oct. 27 chart review. The analyst also flagged a developing bullish crossover on the daily chart, but said a close above the level remains the key condition for confirmation.

Steph Is Crypto preferred a close above $1.32. The review focused on candle closes rather than intraday wicks to assess the trend-line test, which the analyst described as XRP’s first attempt to move above the line since it formed on Sept. 25.

The daily chart showed the blue MACD line nearing a move above the orange line. Steph Is Crypto compared the setup with one on Aug. 18 that came before a short-term XRP rally. That comparison describes a past pattern; it does not establish that the current crossover or a breakout has been confirmed.

The analyst characterized broader market sentiment as bearish. The chart review’s stated test remains a daily close above $1.31, with $1.32 preferred.