XRP Breakout Confirmed:Is the Pump to $2.80 Starting Now?

 Key Insights:

• XRP breaks trendline and retests support, keeping bullish structure alive above $2.30 support zone.
• The monthly chart shows XRP mimicking the 2017 pattern after touching the 20-month moving average.
• XRP slips below EMA ribbon; recovery needed soon to avoid weakening short-term trend structure.

XRP has moved above a descending trendline that had held since mid-October. This breakout followed a period of tight consolidation, with price holding within a range between $2.30 and $2.37. After breaking out, XRP returned to retest this same area, which now appears to be acting as support.

As of now, XRP trades around $2.41. The breakout and successful retest suggest buyers are still active above $2.30. The next major test lies between $2.65 and $2.70. If the price pushes past this zone, the move toward $2.80 becomes more likely. Traders are watching for steady volume and follow-through above resistance.

Long-Term Pattern Echoes 2017 Setup

XRP’s monthly chart shows a structure that resembles its 2017 price cycle. In that year, the asset moved sideways for several months before rising sharply after touching the 20-month moving average. That touch marked the start of a strong rally to new highs.

This year, a similar move is playing out. XRP has again touched the 20-month moving average after a long period of sideways movement. Price was recently rejected near $3.57, which lines up with the upper Bollinger Band. This rejection has not broken the structure, and XRP remains above its long-term support.

The pattern is still active, but the timing has been slower than in the past. “It’s just taking a little longer this cycle because everything is taking longer,” said one trader. If the moving average holds as support, this structure could remain intact heading into the next leg.

EMA Ribbon Breakdown Adds Near-Term Caution

On the 3-day chart, XRP is trading below the EMA ribbon for the first time since late 2024. The ribbon, made up of several exponential moving averages, often helps spot changes in trend. In the past, reclaiming the ribbon marked the beginning of strong upward moves.

This break below the ribbon may reflect short-term weakness. Price is sitting just under the lower edge of the ribbon, and any move lower could pull momentum further down.

 one observer said,

 “If XRP doesn’t reclaim this area soon, we could see more pressure to the downside,”

 However, past moves suggest breakdowns can sometimes lead to fresh setups if support holds.

Price Snapshot and Key Areas to Monitor

XRP was currently priced at $2.41. It has gained 2.2% in the last 24 hours, with a trading volume of about $2.7 billion. Over the past week, the price has remained mostly flat, up just 0.1%.

The $2.30 to $2.37 range remains key support. Holding above this level keeps the current structure intact. A push past $2.70 could open the path toward the first upside target at $2.80. The coming sessions will be critical in confirming the next direction.