Saad Ullah
⬤ XRP is back at a make-or-break technical level after weeks of choppy price action. The token is currently trading around $2.55, sitting right underneath a long-term downtrend line that's repeatedly knocked back rallies. Breaking through this resistance could unlock a move toward $3.36–$3.64, marking a shift from consolidation to potential expansion.
⬤ The chart tells a familiar story: XRP has bounced from lower support levels multiple times but hasn't been able to reclaim control above the trendline. That resistance remains the key barrier between sideways action and a meaningful push higher. If bulls can finally break through with conviction, it would signal a transition into a new phase—but if momentum fades here, downside pressure could return.
⬤ Beyond the chart, broader regulatory concerns continue to hover over the crypto space. Proposed tax measures and policy discussions are raising questions about operational costs, smaller firms' viability, and whether talent might shift to friendlier jurisdictions. While these issues don't directly impact XRP's immediate price action, they're shaping overall sentiment and participation across the market.
⬤ For now, traders are watching one thing: can XRP finally punch through the trendline, or will it get rejected again? The $3.36–$3.64 zone represents the next major upside target if the breakout happens. Until that trendline is decisively cleared, the focus remains on whether momentum can carry through—or if resistance will hold one more time.
Saad Ullah
