XRP Breaks Above Ichimoku Cloud, Sets New Highs Against Ethereum

TLDR

• XRP has broken above the two-week Ichimoku Cloud against Ethereum for the first time since 2021.
• The Ichimoku Cloud, which has acted as strong resistance for years, is now being tested as potential support.
• XRP currently trades around 0.00062 ETH despite a two-week decline of over 6 percent.
• The previous attempt to hold above the Ichimoku Cloud in 2021 failed within a few candles.
• XRP/ETH hit a cycle bottom at 0.0001251 ETH in June 2024 before staging a breakout later that year.

XRP has shown a rare bullish signal against Ethereum, breaking above the two-week Ichimoku Cloud. This movement places XRP in a unique position, where the cloud, which has traditionally acted as a ceiling, could now serve as support. This is the first time since 2021 that XRP has reached such a level, sparking interest among traders and analysts.

XRP Breaks Above the Ichimoku Cloud

XRP’s recent price action against Ethereum has been marked by a significant development. The XRP/ETH pair has crossed above the two-week Ichimoku Cloud, a level that has previously acted as resistance. For most of the past several years, XRP struggled to break above this cloud, with many attempts failing to sustain above it. The last time the pair successfully broke above the cloud was in early 2021, but the move quickly reversed.

Matt Hughes, a well-known analyst, pointed out the importance of this development in his latest analysis. He emphasized that the cloud is now shifting from a resistance zone to a potential support zone for XRP. “XRP is now testing a level it hasn’t held above for years,” Hughes said. XRP is trading around 0.00062 ETH, reflecting a modest 6% decline over the past two weeks but still managing to hold above the Ichimoku Cloud.

The cloud’s movement from resistance to support represents a structural change that could set the stage for a potential bullish trend. While XRP’s performance in recent years has often been capped by the Ichimoku Cloud, this shift may offer new opportunities. The broader trend now suggests that XRP could aim to maintain its position above the cloud, signaling strength against Ethereum.

XRP’s Long-Term Struggles Under the Cloud

For much of the past decade, XRP has faced challenges in overcoming the Ichimoku Cloud when measured against Ethereum. From 2018 to 2024, XRP/ETH was consistently held beneath the cloud, with multiple failed attempts to break above it. These failed rallies were marked by rejections between 0.001 and 0.0036 ETH. This resistance has been a major barrier to XRP’s growth relative to Ethereum.

During this period, the cloud remained thick and above the price, signaling a persistent bearish market structure. XRP failed to reclaim ground against Ethereum, even as it saw short-term rallies. The bearish trend continued until mid-2024 when XRP/ETH hit a cycle bottom of 0.0001251. This marked the end of a prolonged downtrend and set the stage for a potential reversal.

The breakout above the Ichimoku Cloud in November 2024 marked a turning point. XRP/ETH surged from 0.00017 to over 0.0008 ETH, signaling the start of a new trend. Although the price has since pulled back, the key point remains that XRP has held above the cloud, showing resilience and potential for further upward momentum.

Despite a 56% drop from its April 2025 peak, XRP remains above the Ichimoku Cloud. This level now acts as support, which is a rare occurrence for the XRP/ETH pair. The recent decline does not overshadow the broader trend, where XRP has managed to maintain its position above the cloud.

XRP’s success in holding above the cloud is further confirmed by the Tenkan-sen crossing above the Kijun-sen. This shift indicates improving momentum in the medium term. As XRP continues to test the cloud’s support, traders will closely watch for any signs of strength or further pullbacks.

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