XRP Approaches Critical Breakout Levels After Defending Major Structure
XRP is drawing renewed market attention as price action stabilizes above a crucial support cluster, raising the question: has the token finally formed its bottom? The recent reaction from the mid-$2.10 region suggests that buyers are defending a structural high-value zone, while the chart shows an impending decision point that could define the next trend.
Support Zone Rebound Signals Potential Exhaustion of Sellers
Market reveals that XRP retested its broad demand area between $2.05 and $2.17, highlighted in green, and responded with a swift rebound. This zone has acted as a foundation for prior expansions, and the clean tap followed by strong displacement hints at seller exhaustion. The most recent Break of Structure (BOS) to the upside confirmed short-term bullish intent, marking a shift away from the prior controlled downtrend.
Multiple Change of Character (CHoCH) signals throughout autumn indicated hesitation in direction; however, the latest upward break shows momentum attempting to re-establish. Price also swept liquidity beneath local lows before reversing, adding confluence to the idea that market makers may have completed a downside collection phase.
$2.22 Remains the Line in the Sand
A notable thing in market is the resistance block between $2.22 and $2.45, tied to previous consolidation and supply. A decisive close above $2.22 would confirm that buyers have regained control, potentially opening the path toward the upper supply zones near $2.75 and $3.10. These regions align with earlier equal highs and a marked weak high, signaling targets that bulls may ultimately seek.
Failure to hold the $2.17 pivot, however, would place the demand zone at risk and could expose XRP to deeper retracements toward the broader structural support near $1.55–$1.70. This level connects to a historical accumulation area and the chart’s defined strong low, making it the final major defense before invalidating the recovery thesis.
XRP is approaching a pivotal breakout moment. The price structure suggests that the bottom may already be in, provided the token maintains strength above its defended demand band. With the market awaiting a confirmation close over $2.22, XRP’s next move will determine whether a Wave-5 style breakout is under way—or if another corrective leg lies ahead.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.