key insights:
- XRP breaks trendline and retests support, setting the stage for a possible $2.50 breakout.
- Monthly structure matches 2017 rally; price holds above 3-month EMA, now near $1.20.
- As long as $1.20 holds, the bullish setup remains valid with higher targets still possible.
XRP was trading at $2.20, with a 24-hour volume near $3 billion. The price has increased 0.5% in the last day and is up over 15% in the past week. Chart setups across short and long timeframes point to a possible move higher, with $2.50 emerging as the level traders are watching.
Short-Term Breakout Holds Above Key Line
On the 1-hour chart, XRP has broken above a downward trendline that had held as resistance over several sessions. The move, shared by BlockBull, saw the price touch $2.24 before pulling back slightly to retest the breakout level.
This type of move—breakout followed by a retest—is a common pattern during upward trends. The price is now hovering above the former resistance. If buyers step in at this level, the next possible target sits around $2.50. “Breakout > Retest > $2.50,” BlockBull wrote, outlining the setup in simple terms.
Monthly Chart Repeats 2017 Setup
A longer-term view from ChartNerdTA compares the current structure to XRP’s 2017 run. That year, XRP rallied strongly, then pulled back for three months and retested its 3-month 20 EMA. The retest was held, and the price surged 25x afterward.
The same 3-month EMA is now being tested again in 2025 after a strong breakout in 2024. XRP has spent several candles moving back toward the EMA line, which now sits around $1.20. Price remains above it, keeping the structure in place for now.
Support and Resistance Define the Range
The $2.20 level marks a key area. It was resistance in both 2017 and 2021 and now acts as support. The higher lows forming over the past few years continue to shape a long-term trendline that remains intact.
ChartNerd noted that the trend would only break if XRP closes below the 3-month 20 EMA at $1.20. As long as that level holds, the broader bullish structure remains valid. Short-term traders will focus on whether the $2.50 level comes into play if the breakout confirms with volume.
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