- XRP breaks out of a tightening trading range after weeks of consolidation.
- Analyst Carl Moon says bulls must reclaim $2.65 to sustain bullish momentum.
- Technical indicators point to $2.39 as key support and $2.9 as next resistance.
XRP is showing signs of upward momentum after finally breaking out of a tightening price range that held it in place for most of October. Binance’s 6-hour chart shows the token moving above a wedge formation, indicating renewed buying interest.The breakout comes after several days of low volatility, with XRP trading between $2.35 and $2.65. Such consolidation periods often precede bigger moves, and traders are watching for signs that strength can continue.
Related: Watch out for $2.60 to $2.70 XRP Price Range Today as Institutional Adoption Accelerates
Crypto analyst Carl Moon observed that XRP’s recent move unfolded exactly as he had anticipated. He noted that the token is leaving its internal trading range and stressed that bulls need to reclaim last week’s high to confirm a shift into higher price levels.
XRP Key Resistance at $2.65
According to Moon’s chart, XRP must clear the previous week’s high at $2.6468. This level is a major barrier before the token can reach the next zone near $2.78.
If XRP closes above this resistance, it could move into the “range above,” marked by the Value Area Low (VAL) at $2.7819. From there, Moon sees potential for a rally toward $2.90–$3.00, close to prior highs.
Currently, XRP trades at $2.64, up 1% in the last day and 8.1% on the week. While slightly below resistance, the token maintains a short-term uptrend.
Crypto analyst EGRAG Crypto highlighted a similar setup, noting $2.3450 as key support and $2.5100–$2.6500 as short-term resistance. He added that holding the $2.4070 midpoint could confirm buying strength, urging traders to watch short-term charts for clues
Related: XRP Breakout Confirmed on Four-Hour Chart; Price Targets $2.65 Today
Support Levels Critical for Bulls
The 6-hour chart shows the weekly open at $2.3910 as an important support. If this level holds, bulls stay in control; if it breaks, XRP could fall toward $2.20–$2.15.
XRP also bounced from the 0.618 Fibonacci retracement, the so-called “golden pocket,” a level often signaling strong reversals. This bounce adds evidence of buyer activity and supports the outlook for further upward movement.
Related: XRP Price Prediction: Ripple Prime Power Play Fuels $2.90 Breakout Hopes
Market watchers see this breakout as a potential turning point after a volatile October, when XRP ranged between $1.58 and $3.10. The move suggests accumulation may now be shifting into expansion, though confirmation depends on price action in the coming sessions.
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