Usman Salis
⬤ XRP continues trading inside a long-term ascending structure, with price compressed beneath a major resistance band that's historically triggered strong rallies. The asset is holding above key structural support, but the chart shows an alternative scenario where a breakdown could send XRP toward $27. Current price action sits around $2.08-$2.35, a higher-timeframe level that previously supported multi-month expansions.
⬤ The chart shows XRP repeating its multi-year pattern of forming higher lows while approaching major horizontal resistance near $2.90. This resistance marks the "Break for Euphoria" threshold that served as a gateway for explosive upside in previous cycles. The analysis highlights that if short-term structural support fails, XRP could retrace deeply toward the long-term trendline pointing to $27 on the macro chart.
⬤ Despite the recent pullback, the wider trend stays intact as long as XRP maintains its ascending support structure. The chart includes long-term moving averages and rising trendlines that frame the broader bullish pathway. However, losing the current structural base would invalidate the immediate bullish sequence and shift focus toward a larger corrective move before any renewed attempt at higher levels.
⬤ This moment matters because XRP is positioned at a critical inflection point. Holding structural support preserves the bullish long-term pattern and keeps the path toward a future breakout alive. A breakdown would confirm the alternative scenario, opening the door to a deeper macro retest before any potential recovery.
Usman Salis
