XRP Breaks Trendline, Eyes $1.80 Target

XRP price has finally broken through the descending trendline that had capped its previous rallies since August. The daily candle opened at $1.5361, peaked at $1.5955, and is currently holding at $1.5699, up 2.20% on the session.

The breakout was made possible by three factors: the descending trendline finally giving way, the $1.50 level flipping from resistance to support, and XRP reclaiming its 200 EMA at $1.3589.

The large holders added around 1.54 billion tokens during the recent rally, worth approximately $2.2 billion, which is a significant factor in the price movement.

According to the chart analysis, the next XRP price target is $1.80, with nothing meaningful standing between current prices and this level.