Saad Ullah
After weeks of sideways action, XRP has broken free from its descending trendline prison. The breakout wasn't just clean - it was textbook. We saw the initial break, followed by a perfect retest that held support, and now the coin is climbing steadily toward higher targets. This is the kind of setup that gets traders excited.
Chart Shows Classic Breakout Pattern
The daily chart tells the whole story. XRP punched through its multi-week descending resistance and then did something crucial - it came back to test that level around $3.00-$3.05 and held firm. Trader Pidgin called out this structure, noting how it keeps momentum squarely in the bulls' favor.
Key levels traders are watching:
- Support sits at $2.87 after the successful retest
- Consolidation zone spans $3.04-$3.09 where buyers are stepping in
- First major resistance waits at $3.16 - the next hurdle to clear
- Short-term target locked on $3.27 with extended upside toward $3.46-$3.66 if momentum holds
Why This Breakout Feels Different
This isn't happening in isolation. The broader crypto market is showing signs of life as altcoins finally start catching up to Bitcoin's recent recovery. XRP's technical setup has drawn fresh attention from traders who've been waiting for exactly this kind of signal. The successful retest is particularly bullish because it shows real buyer conviction at key levels, making a false breakout much less likely. Add in Ripple's improving regulatory situation, and you've got fundamental support backing the technical move.
As long as XRP stays above that $3.00-$3.04 support zone, the path looks clear for higher prices. A clean break above $3.27 could really accelerate things, potentially opening the door for a push toward the $3.46-$3.66 resistance cluster. For the first time in months, XRP's technical picture looks genuinely constructive, giving bulls something real to work with as they eye those higher targets.
Saad Ullah
