XRP Breaks Descending Channel, Faces $2.5 Hurdle

XRP Breaks Descending Channel, Faces $2.5 Hurdle

> At a Glance

> – XRP surged from the $1.8 demand zone, snapping a multi-month downtrend

> – Next major ceiling sits at $2.4-$2.5 on the daily chart

> – 4-hour view shows immediate resistance between $2.1-$2.2

> – Why it matters: A close above these levels could confirm a broader recovery instead of another range-bound trap

XRP has flipped the script after weeks of lower highs. The latest rally lifted price out of a descending channel, but two clear resistance layers now stand in the way.

Daily Chart: $2.5 Wall Looms

Buyers defended the $1.8 demand zone once again, producing a bullish breakout that reclaimed the psychological $2 handle. The 200-day moving average and a supply band intersect around $2.4-$2.5, making that region the next major battleground. A daily close above it would strengthen the case for a sustained uptrend; failure keeps XRP locked in its wide $1.8-$2.5 range.

4-Hour Chart: Compression Break

Price chopped sideways for days above the buyer’s base, forming a tight compression pattern. The eventual pop pierced the descending channel and held, marking a clear momentum shift. Current resistance at $2.1-$2.2 aligns with prior swing highs and the local moving-average cluster.

price
  • Hold above $2.1 → bullish structure intact
  • Lose $2.1 → probable retest of $1.8 support
Timeframe Resistance Zone Technical Significance
4-Hour $2.1-$2.2 Recent supply, MA confluence
Daily $2.4-$2.5 200-MA, major swing highs

Key Takeaways

  • XRP exited its descending structure after aggressive buying near $1.8
  • The daily $2.4-$2.5 barrier must flip to support for macro recovery
  • Short-term traders watch $2.1; a break higher targets the daily ceiling
  • Failure to extend could send price back toward the proven $1.8 floor

Market structure has improved, but acceptance above $2.5 on a daily closing basis is required to confirm the rally has legs.

Author

  • My name is Daniel J. Whitman, and I’m a Los Angeles–based journalist specializing in weather, climate, and environmental news.

    Daniel J. Whitman reports on transportation, infrastructure, and urban development for News of Los Angeles. A former Daily Bruin reporter, he’s known for investigative stories that explain how transit and housing decisions shape daily life across LA neighborhoods.

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *