Saad Ullah
The chart backs this up—XRP's trading range is tightening, which usually means a bigger move is coming as price tests key resistance levels.
Technical Overview: XRP Builds Momentum for Higher Levels
After weeks of moving sideways, XRP is finally showing signs of life. In a recent post, Carl Moon pointed out that the token is "finally breaking out from the internal range," noting that bulls now need to reclaim the previous week's high to validate higher targets.
The 6-hour XRP/USDT chart on Binance shows a classic squeeze pattern, with price consolidating inside a narrowing range—typically a sign something's about to break. Trading around $2.62, XRP has already pushed above its internal downtrend after bouncing from the golden pocket (0.618–0.786 Fibonacci zone) earlier this week.
Here's what matters right now:
- Weekly open at $2.39 holds as critical support — this level needs to stay intact for bulls to maintain control and build on the current structure
- $2.64 marks the first breakout confirmation — reclaiming last week's high would signal momentum shift and open the door to higher targets
- $2.78 (Value Area High) is the next major resistance — a solid close above this zone would confirm bullish continuation and likely trigger follow-through buying
- Range compression signals an imminent move — the chart clearly shows price tightening, which historically precedes sharp directional moves
If XRP holds above $2.39 and clears $2.65, a short-term rally toward $2.78–$2.85 looks pretty likely.
Market Context: Why This Setup Matters
XRP's technical picture isn't happening in a vacuum. Ripple keeps expanding its global payment network, reinforcing XRP's real-world utility. Meanwhile, as Bitcoin holds strong, capital is starting to flow into large-cap altcoins—and XRP, known for explosive recoveries, is back on traders' radars. The broader altcoin sector is also showing strength, creating a favorable backdrop for assets emerging from long consolidations like XRP.
All these factors combined mean even a modest technical breakout could turn into a solid mid-term rally.
The chart shows XRP forming higher lows after bouncing from golden pocket support—a classic sign of building buying pressure. This compression triangle structure suggests bulls are accumulating, and if they keep it up, XRP could cleanly break toward $2.78 first, then potentially $2.90 or higher.
But if support at $2.39 fails, the bullish setup falls apart, and XRP would likely slide back into mid-range consolidation. For now, though, the structure favors the bulls.
Saad Ullah
