Eseandre Mordi
⬤ XRP is sitting at a make-or-break moment after pushing toward $1.90 and then losing steam. The token recently punched through a descending resistance line that had capped rallies since 2018—a massive technical shift that took eight years to materialize. But instead of running higher, price has started pulling back, and now all eyes are on whether $1.80 can hold.
⬤ The chart shows XRP spent years building higher lows along an ascending support trend, creating a tightening pattern that finally resolved to the upside. The rally itself was sharp and vertical, but the follow-through hasn't been convincing. Right now, the former resistance zone that just got broken is being tested from above, and bulls are trying to defend the $1.80 area—a level that's been acting as a 400-day support base.
⬤ If XRP slips below $1.80 and stays there for several daily closes, it could trigger an ABC-style correction scenario where the breakout turns into a touch-and-go fake-out. That hasn't happened yet, so the pullback is still just a pullback—not a reversal. But the risk is real, and traders are watching closely.
⬤ This matters beyond just XRP. The token just broke out of a multi-year structure, and how it behaves now could set the tone for broader market sentiment. A hold above $1.80 keeps the long-term breakout alive and suggests the bulls are still in control. A breakdown below it could spark worry across the crypto market and shift focus toward defensive positioning.
Eseandre Mordi
