Usman Salis
⬤ XRP is testing support after punching through a descending channel pattern. The daily chart shows price hovering around $1.90 after dropping from higher ground. The critical level here is $1.81—as long as that floor holds, the breakout stays alive and another push higher remains on the table.
⬤ The chart shows what typically happens after a breakout: price comes back down to kiss the old resistance goodbye. XRP slid from $2.70 and found buyers stepping in near $1.81, which is now the line in the sand. Price is camping above this level while the market figures out if the breakout is real. If XRP keeps defending $1.81, this looks like a normal retest rather than a failed move.
⬤ Looking up, $2.41 is the next major roadblock. A clean break above that opens the door to $2.72, which was a big turning point before. The chart shows buyers are still showing up above support, though they're being careful after the recent slide.
⬤ The $1.81 to $1.77 zone is what matters most right now. Drop below it and the whole setup falls apart, potentially leading to new lows. Hold it and XRP keeps its upside chances alive. How price acts around these levels will likely shape where traders place their bets next.
Usman Salis
