Peter Smith
⬤ Ripple (XRP) has regained bullish momentum after clearing a descending resistance trendline that had been capping the price inside a tightening triangle structure. The breakout signals that buyers are finally overcoming the selling pressure that defined the recent consolidation phase, with attention now turning to the $1.50 resistance zone.
⬤ The triangle formed after a sharp decline, with XRP printing lower highs and higher lows as the pattern compressed. The descending resistance line repeatedly rejected upward moves while the ascending support floor gradually lifted the price. The recent break above that resistance suggests a shift in momentum toward buyers.
⬤ The $1.50 area is marked on the chart as the February resistance neckline, previously acting as a strong barrier. As covered in XRP Eyes Critical $1.50 Close After Rebound From Multi-Day Lows, a sustained move above this level could trigger a stronger continuation. That makes the current test a defining moment for near-term direction.
⬤ Multiple recent setups have shown how this price cluster matters. XRP Stuck Below $1.51 Resistance in Sideways Range and XRP Price Near $1.88 as $1.90-$2 Resistance Remains Key Level both highlight how resistance zones at $1.50 and above determine the next phase. A clean break above $1.50 opens the path toward $1.80 to $2.00. A rejection risks pulling XRP back into the triangle as the market searches for a fresh catalyst.
Peter Smith
