XRP Price Setup Signals Imminent Breakout, Says ‘Market Sniper’ Francis Hunt

Despite XRP’s current range-bound behavior, Hunt remains optimistic about the token’s long-term trajectory.

A $3.36 Peak Perfectly Called

Hunt began by reflecting on a past call his team made, correctly forecasting XRP’s peak at $3.36. The prediction played out as expected, with the token pulling back sharply from that level. Since then, XRP has been forming a falling wedge pattern, which is typically considered a bullish reversal setup.

“Falling wedges usually resolve to the upside,” Hunt said, adding that XRP’s current setup aligns with that historical behavior.

Why the $2 Zone Is Crucial

One of the most critical areas to watch, according to Hunt, is the $2 support zone. Although XRP has dipped slightly below this level on occasion, buyers have consistently stepped in to defend it.

“There are strong hands at $2,” Hunt noted, suggesting institutional or long-term interest is anchoring price action in that area.

Hunt emphasized that if XRP dips just below $2 again, it may offer what he calls “one or two lucky fills” — a chance to re-enter before a potential rally.

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Strategy Going Forward

While Hunt confirmed he took profits near the $3.36 high, he’s actively monitoring the wedge structure for signs of breakout confirmation. His analysis indicates that XRP could be gearing up for a major move, especially if it maintains strength above the $2 range.

For traders watching XRP, Hunt’s technical read suggests accumulation and patience may be key heading into the next major leg up.

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