XRP Could Hit $9 If It Breaks $3.10 Resistance: Analyst

At the core of The Great Mattsby’s analysis is a Fibonacci extension suite calibrated from the December 2013 top to the July 2014 bottom. The analyst identifies the 2.272 extension level—approximately $3.09986—as the decisive resistance that has repeatedly capped monthly closes throughout XRP’s history. ‘XRP is still battling… this $3.10 zone. This is the 2.272 Fibonacci extension level… we’ve never seen a monthly candle close above that 309986,’ Mattsby stated in his October 5 video analysis.

The significance of this level extends beyond current price action. Mattsby notes that the same extension grid ‘was the exact 2018 top,’ while ‘extensions below the 1.272 was the bottom in April 2020.’ This multi-cycle validation lends credibility to his projection that a clean breach of $3.10 could open the path to $9, representing the next Fibonacci extension target in his framework. According to Mattsby, ‘It’s not if, it is when. Because this is a super bullish chart.’

Beyond Fibonacci levels, Mattsby’s analysis highlights extraordinary strength in XRP’s trend metrics. On the monthly timeframe, XRP has ‘been maintaining and riding [the Ichimoku] conversion line as a support ever since it broke out in November of last year.’ He identifies that conversion line near $2.63 and emphasizes that ‘it has never closed any kind of monthly candle below it,’ demonstrating remarkable consistency in the uptrend.

The weekly chart reveals even more unusual behavior. Mattsby points to the 50-week simple moving average—now near $2.37—as still ‘catching up to price.’ He characterizes XRP as one of the few large-cap altcoin charts that ‘has never even touched the 50-week moving average since it broke out.’ This persistent gap between price and the moving average explains the rhythm of ongoing consolidation while preserving what Mattsby sees as an underlying uptrend that remains structurally intact.

Perhaps the most compelling aspect of Mattsby’s analysis concerns XRP’s market structure at elevated levels. He frames the current price action as a fundamental regime shift where previous resistance zones are transforming into support. ‘This is the previous resistance zone… 2021 it was the top. 2017–2018 it was the top—not including the wicks. But now this box we are actually just flipping it to support, building a base on top of it,’ he explained.

Mattsby calls this flip ‘the most bullish thing ever on any chart,’ adding emphatically, ‘This has never happened for XRP.’ The analyst contends that XRP is building a high-level base ‘for almost a whole year,’ creating what he describes as an atypically strong setup across XRP’s multi-cycle history. This constructive pattern of breakout, retest, and series of higher highs and higher lows at elevated levels represents a fundamental shift in market dynamics.

While the long-term outlook remains decidedly bullish in Mattsby’s framework, he acknowledges the potential for near-term consolidation. The analyst allows for ‘more weeks of consolidation’ and even a liquidity sweep into the ‘$2.80s, $2.70s,’ but argues these moves would represent noise within a larger uptrend defined by compression against the $3.10 lid and the stair-step advance of trend supports.

The practical roadmap Mattsby lays out is straightforward: protect the long-term trend markers while the 50-week average closes the distance, keep monthly structure above the Ichimoku conversion line near $2.63, and respect the historical importance of the $3.10 Fibonacci extension. A monthly close through that level would, in his technical framework, confirm the next Fibonacci waypoint at $9 and potentially higher targets. ‘One of these weeks we might be able to see a bullish engulfing candle just breaking through multiple levels and just continuing higher,’ he anticipates, suggesting that when the breakout occurs, it could be rapid and powerful.