XRP has finally broken out of the long-standing downward parallel channel on the 4H chart — a strong bullish signal supported by volume and structure shift.
Falling Channel Structure:
XRP had been consolidating within a well-defined descending channel since late 2024. This structure capped price advances and formed a strong resistance ceiling.
Breakout Confirmation:
Recent price action cleanly broke above the upper trendline with volume expansion, followed by a classic retest of the breakout zone near 2.53, confirming the breakout is valid and not a fakeout.
Volume Analysis:
Breakout was supported by a noticeable increase in buying volume. The retest phase is happening on reduced volume, which is typical for a healthy bullish structure.
Support Zones:
2.53 – Key breakout level and current support
1.87 – Mid-channel level, strong previous base
0.638 – Long-term demand zone (unlikely to revisit unless severe macro breakdown)
Resistance Levels / Targets:
3.64 – Local resistance, recent swing high
4.29 – Major horizontal resistance
Further upside open if macro trend remains bullish
Setup Summary:
Structure: Falling Channel → Breakout → Retest
Entry Zone: Between 2.53 and CMP (~2.83) using DCA
Stop Loss: Below 2.38 to protect against fakeouts
Targets:
TP1: 3.64
TP2: 4.29
Long-Term Open
Why This Matters:
XRP breaking out of a 9-month downtrend indicates a major sentiment shift.
Similar breakouts in the past have led to 600%+ moves, and current structure resembles that setup.
Macro trend shows buyers stepping in with conviction.
DYOR | Not Financial Advice
Falling Channel Structure:
XRP had been consolidating within a well-defined descending channel since late 2024. This structure capped price advances and formed a strong resistance ceiling.
Breakout Confirmation:
Recent price action cleanly broke above the upper trendline with volume expansion, followed by a classic retest of the breakout zone near 2.53, confirming the breakout is valid and not a fakeout.
Volume Analysis:
Breakout was supported by a noticeable increase in buying volume. The retest phase is happening on reduced volume, which is typical for a healthy bullish structure.
Support Zones:
2.53 – Key breakout level and current support
1.87 – Mid-channel level, strong previous base
0.638 – Long-term demand zone (unlikely to revisit unless severe macro breakdown)
Resistance Levels / Targets:
3.64 – Local resistance, recent swing high
4.29 – Major horizontal resistance
Further upside open if macro trend remains bullish
Setup Summary:
Structure: Falling Channel → Breakout → Retest
Entry Zone: Between 2.53 and CMP (~2.83) using DCA
Stop Loss: Below 2.38 to protect against fakeouts
Targets:
TP1: 3.64
TP2: 4.29
Long-Term Open
Why This Matters:
XRP breaking out of a 9-month downtrend indicates a major sentiment shift.
Similar breakouts in the past have led to 600%+ moves, and current structure resembles that setup.
Macro trend shows buyers stepping in with conviction.
DYOR | Not Financial Advice
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.