Usman Salis
⬤ XRP has finally punched through its long-standing descending resistance on the XRP/BTC pair, showing strengthening momentum. The next hurdle is the horizontal resistance marked by the red line on the chart. A higher low is likely forming here, which could mean some consolidation before the next move up. The diagonal trendline that held price down for months has now been broken, and XRP is testing the horizontal level that's been capping gains.
⬤ The chart shows a rounded higher-low structure forming beneath the broken descending resistance—a pattern that often leads to continuation if the horizontal barrier gets taken out. This setup suggests the USDT pair could pull back in the short term unless resistance is broken convincingly. The trendline has now flipped to potential support, and buyers are working to establish control above it.
⬤ For XRP traders, this is a critical moment. A clean break above the horizontal resistance on the XRP/BTC chart would signal renewed accumulation and could shift sentiment decisively. But if the breakout fails and price gets rejected, XRP risks falling back into consolidation mode. After months of underperformance, investors are watching closely for signs that this time might be different.
Usman Salis
