$XRP is approaching a structural turning point that could define its next major trend. He explained that a prior macro support level has already been lost, which altered the broader trend direction. However, he also noted that a new structure is forming, supported by higher lows over time. This development suggests that buyers continue to step in at stronger levels despite earlier weakness.
$XRP compressing beneath a long-standing resistance zone near the $2.90 level. This area has historically capped upward movement and triggered reversals in previous cycles. Consequently, the asset now trades within a tightening range, which often precedes a sharp move in either direction. Traders are therefore watching this level closely as price action approaches it again.
Price action continues to show repeated tests of resistance without a confirmed breakout so far. Each attempt adds pressure on the overhead supply zone, which may weaken it over time. Furthermore, the formation of higher lows indicates that sellers are gradually losing control at lower levels.
Relief rallies may still occur before any sustained breakout develops. These rallies could attract short-term interest but may not hold for long periods. Consequently, market participants remain cautious as prices continue to fluctuate below resistance.
At the same time, the projected scenario suggests that a confirmed breakout above the resistance zone could trigger a rapid expansion phase. In this case, XRP could move toward higher targets, including $8, $13, and potentially $27. These projections are based on historical patterns where similar structures led to strong upward movements.
XRP remains positioned near a decisive level as technical signals point to a potential breakout scenario. The evolving market structure highlights a critical resistance barrier that could determine the asset’s next major direction.