XRP is pressing against a structurally important ceiling at roughly $3.10, and a clean breach could open the way to $9, according to crypto analyst The Great Mattsby (@matthughes13). In a video analysis published on October 5, the analyst anchors his outlook in multi-cycle Fibonacci extensions, Ichimoku trend support and long-term moving averages, arguing the market is staging an unusually strong basing pattern at historically elevated levels.<\/p>\n
At the core of Mattsby\u2019s framework<\/a> is a Fibonacci extension suite calibrated from the December 2013 top to the July 2014 bottom. He highlights the 2.272 extension\u2014around $3.09986\u2014as the decisive resistance that has repeatedly capped monthly closes.<\/p>\n \u201cXRP is still battling\u2026 this $3.10 zone. This is the 2.272 Fibonacci extension level\u2026 we\u2019ve never seen a monthly candle close above that 309986,\u201d he said, noting that the same extension grid \u201cwas the exact 2018 top,\u201d while \u201cextensions below the 1.272 was the bottom in April 2020.\u201d On his read, the confluence lends credibility to the next extension target: \u201cThe next level is $9\u2026 So essentially, it\u2019s only a matter of time.\u201d<\/p>\n Trend metrics, he argues, have supported the advance without breaking structure. On the monthly timeframe, XRP has \u201cbeen maintaining and riding [the Ichimoku] conversion line as a support ever since it broke out in November of last year.\u201d He identifies that conversion line near $2.63 and emphasizes that \u201cit has never closed any kind of monthly candle below it.\u201d<\/p>\n On the weekly chart, he points to the 50-week simple moving average\u2014now near $2.37\u2014as still \u201ccatching up to price,\u201d one of the few large-cap altcoin charts, in his view, that \u201chas never even touched the 50-week moving average since it broke out.\u201d That gap, he suggests, explains the rhythm of ongoing consolidation<\/a> while preserving an underlying uptrend.<\/p>\n The market structure, Mattsby contends, is constructive: a breakout, retest and series of higher highs and higher lows at elevated levels. On the highest-level view, he frames the price action as a regime shift from resistance to support across cycles. \u201cThis is the previous resistance zone\u2026 2021 it was the top. 2017\u20132018 it was the top\u2014not including the wicks. But now this box we are actually just flipping it to support, building a base on top of it,\u201d he said. He called that flip \u201cthe most bullish thing ever on any chart,\u201d adding, \u201cThis has never happened for XRP.\u201d<\/p>\n Mattsby repeatedly returns to the same trigger: a decisive monthly close through the $3.10 area. \u201cWe should be excited because once this $3.10 gets broken, it\u2019s going to go higher, right? It\u2019s going to go to probably $9, maybe even higher, maybe $13, maybe more,\u201d he said.<\/p>\n While he allows for \u201cmore weeks of consolidation\u201d and even a liquidity sweep into the \u201c$2.80s, $2.70s,\u201d he argues those moves would be noise within a larger uptrend defined by compression against the $3.10 lid and the stair-step advance of trend supports. \u201cIt\u2019s not if, it is when. Because this is a super bullish chart<\/a>,\u201d he said, urging viewers to \u201cWatch $3.10\u2026 Once that breaks, the true excitement can begin.\u201d<\/p>\n In practice, the roadmap he lays out is simple: 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 extension.<\/p>\nXRP Has Never Done This Before<\/h2>\n