Eseandre Mordi
⬤ XRP has been holding above $1.80 for roughly 13 months now, with this price zone proving to be a solid foundation throughout that period. The chart shows multiple bounces off this level, confirming it's become a reliable support area that the market keeps respecting. This extended defense of the same zone adds weight to its importance in XRP's current structure.
⬤ Right now, price is stuck between that $1.80 floor and a descending resistance line that's been capping rallies. You can see lower highs forming on the chart while support stays flat, creating a tightening pattern. The descending trendline overhead is the next major obstacle standing in the way of any upside breakout.
⬤ If XRP breaks through that descending resistance, the chart points to $2.70 as the next target area. That level lines up with previous price action and represents where XRP could head following a confirmed breakout from this pattern.
⬤ The setup matters because when support holds this long, something usually happens once resistance gets tested properly. As long as $1.80 stays intact, all eyes are on how price handles that descending trendline. A clean break would flip the structure bullish, while another rejection just extends the range. Whatever happens at resistance will likely determine XRP's next significant move after months of going nowhere.
Eseandre Mordi
