Saad Ullah
XRP is setting up for what could be its next big move, and the pattern looks eerily familiar. We've been here before - same setup, same compressed price action, same descending resistance line. Back in July, this exact scenario launched XRP from $2.20 straight to $4.00. Now we're seeing the sequel, and traders are getting positioned.
The Technical Picture is Crystal Clear
Analyst Gordon recently pointed out that anyone watching the charts should see what's coming next. XRP keeps getting smacked down by that descending trendline, but each rejection is getting weaker. The July breakout was explosive - an 80% rocket ship that caught everyone off guard. Right now, we're sitting just under the key resistance zone around $2.75-$2.80, and the compression is building again. Those big arrows on the chart aren't just for show - they're highlighting the identical setup that worked before.
The levels couldn't be more straightforward. XRP needs to hold above the $2.50-$2.60 support zone while pushing through that $2.80 trendline resistance. If buyers show up with conviction, we could see another run to $3.50-$4.00 territory faster than most expect. But if the breakout fails, XRP gets stuck in sideways chop, and all that pent-up energy goes nowhere.
Why This Time Could Be Different (But Also the Same)
The fundamentals are actually lining up better than before. Regulatory clarity in the U.S. is improving, especially around payment-focused cryptocurrencies like XRP. Bitcoin's been stable enough to let altcoins breathe, and historically, XRP's best moves happen when these accumulation phases finally break. The liquidity is there, the pattern is there, and the precedent is definitely there.
Key Levels to Watch:
- Support Floor: $2.50-$2.60 - This needs to hold or the whole setup falls apart
- Breakout Zone: $2.80 - The descending trendline everyone's watching
- Target Range: $3.50-$4.00 - Where the previous rally topped out
- Failure Level: Below $2.50 - Game over for bulls if this breaks
XRP is at another make-or-break moment, and the chart is practically screaming the setup. A clean break above that descending resistance could unleash the same explosive move we saw in July. The pattern recognition is too strong to ignore, and if XRP does what it did before, we could be looking at another 80% rally in the making.
Saad Ullah
