Saad Ullah
⬤ XRP pushed toward a critical resistance point this week, testing a long-term descending trendline that's held the asset down for months. The move comes as the relative strength index starts climbing from oversold territory, hinting that buying pressure might be building again. Trading volumes have picked up noticeably, adding weight to the idea that something bigger could be brewing.
⬤ The asset is hovering around $2.18 after bouncing from recent lows, staying above support levels that mattered during the last correction. What's catching attention is how this setup looks similar to a formation that once led to XRP doubling in value quickly, though it's worth noting the market landscape has changed since then. The chart shows a clear ceiling formed by lower highs over several months, a pattern that typically means big moves happen when it finally breaks.
⬤ If XRP manages to break through this resistance with real strength, some projections point toward a potential climb into the $3 to $5 range, though that's still very much in the "what if" category. What makes this moment interesting is how tightly the price has been squeezed under this trendline while momentum indicators are starting to flip positive. Assets that consolidate this long under major resistance often react strongly once they pick a direction.
⬤ The implications are straightforward: either XRP breaks out and shifts broader sentiment around crypto liquidity themes, or it gets rejected and stays stuck in this consolidation pattern longer. Right now, with momentum turning and the structure tightening up, this is one of those moments where the next move could matter quite a bit for how traders view the digital asset space going forward.
Saad Ullah
