XRP Breaks Key Resistance as Analysts Eye Targets Up to $2.20
XRP has broken above a key resistance level, giving traders a fresh technical signal after several sessions of consolidation. Analyst Ali Martinez confirmed the breakout, setting XRP's next short-term target at $1.70.
The move clears a barrier that had repeatedly rejected upward attempts, and an upward break through the sloping resistance line can signal a bullish reversal. A descending triangle pattern on the 1-hour chart shows XRP breaking out near $1.40 from an earlier high of $1.68.
Following the sharp rally and subsequent correction, XRP's price has entered a critical demand zone between $1.35 and $1.38, where approximately 3.2 billion XRP changed hands. Analyst Martinez shared Glassnode URPD data highlighting several levels above XRP's current price, including support at $1.35 to $1.38, resistance at $1.60, and key resistance zones at $1.86 and $2.19.
Other market watchers share differing views on the token's near-term trajectory. EGRAG Crypto predicts a retest of $1.15 to $1.20 before a recovery attempt, while Celal Kucuker sets his sights even higher, targeting an upside around $2.20. The convergence of multiple analysts suggests growing confidence in XRP's near-term trajectory, but the path remains contested.