Saad Ullah
The crypto market might be on the verge of a major momentum shift, and XRP looks like it could be leading the way. Technical analyst points to XRP's daily chart showing a solid ascending trendline that's been supporting price action, suggesting buyers are actively defending key levels. According to the analyst, the next few sessions—starting as soon as tonight—could trigger a wave of green candles across multiple cryptocurrencies, with XRP potentially among the first to rally.
Chart Setup: Building Toward a Breakout
The chart shared by CRYPTO ARES shows an ascending yellow trendline that's consistently acted as dynamic support. Despite some short-term choppiness, XRP has respected this upward structure, hinting at steady accumulation by long-term holders. Here's what the chart reveals:
- Current Price: $2.40
- Trendline Support: Around $2.30–$2.40
- First Major Resistance: $3.66
- Primary Upside Target: $4.90
The chart's blue arrow maps out a potential move from the $2.40 zone, breaking through $3.66 resistance and pushing toward $4.90—representing a potential 100%+ gain if the breakout confirms. There's also a noticeable false breakdown wick below the trendline, often a sign of liquidity being swept before a strong reversal. This kind of move typically shakes out weaker hands, letting bigger players accumulate before the rally resumes.
What's Next: Path Toward $4.90 and Beyond
If XRP holds its ascending trendline and clears $3.66, momentum could quickly accelerate toward the $4.90 target—a level that aligns with previous major resistance zones. This would complete a classic breakout pattern, signaling a shift from accumulation to expansion.
Beyond XRP, expects other major cryptocurrencies to follow suit with similar vertical moves. With Bitcoin stabilizing and overall risk appetite improving, liquidity could start rotating into altcoins—amplifying XRP's upside potential. Historically, XRP's strongest breakouts have happened during periods of renewed market confidence, so this current setup could be an early signal for a broader crypto rally.
Saad Ullah
