Peter Smith
After almost twelve months of grinding sideways movement, XRP is finally showing signs of life. The token has broken out of its consolidation zone and is now trading around $3.05, with the monthly chart painting a much more bullish picture. What's got traders excited is how XRP is using a key technical level as support - something that often signals the start of bigger moves.
XRP Holds Key Support Levels
The monthly XRP chart shows a strong breakout from consolidation, now trading around $3.05. According to trader Cantonese Cat, XRP is using the Ichimoku Tenkan line as a launching pad — a level often seen as short-term dynamic support. This development is significant because it follows almost a year of sideways trading, where XRP built a wide base before resuming its upward trajectory. Sustaining momentum above the Tenkan line highlights buyer confidence and strengthens the bullish outlook.
The Ichimoku setup suggests that the uptrend remains intact. As long as XRP stays above the $2.70–$2.80 support range, the bulls could target resistance zones near $3.70 and later $4.00. If momentum accelerates, XRP may aim for even higher levels. On the flip side, a break below the Tenkan line could trigger a retest of $2.30, though current indicators favor the bullish case.
XRP continues to attract investor attention due to regulatory clarity and its adoption in cross-border payment systems. Unlike many speculative assets, XRP's utility-driven fundamentals give it an advantage as capital rotates into major altcoins. The combination of technical strength and real-world utility creates a compelling case for continued upside.
Conclusion: XRP Prepares for Next Leg Higher
By holding above the Ichimoku Tenkan line, XRP is showing signs of strength that could carry it toward the next resistance levels at $3.70–$4.00. Traders are watching closely to see whether this consolidation leads to a sustained breakout.
Peter Smith
