XRP Approaches Key Breakout Zone After Months of Rejections
2025-07-11 06:14:01
Main Idea
XRP is approaching a potential breakout after months of rejections, with market sentiment leaning optimistic based on historical patterns and technical analysis.
Key Points
1. XRP has faced repeated rejections since early 2025 but is now showing signs of strength, nearing a descending trendline on the 3-day chart.
2. Since November 2024, XRP has exhibited sharp rallies followed by consolidation, with the $2 support zone remaining resilient.
3. Trader sentiment is optimistic, with expectations of high targets (e.g., $3 or beyond) if a breakout occurs, though a failure could lead to a retest of $2 or lower.
4. XRP recently closed its highest quarterly candle ever, indicating potential for continued upward movement.
5. The article emphasizes that the content is informational and not financial advice, with no specific price predictions or guarantees.
Description
After months of consistent rejections at a key descending trendline, XRP appears to be on the verge of a potential breakout. A new chart posted by Steph Is Crypto (@Steph_iscrypto) highlights the historical pattern of rejection XRP has faced since the start of 2025. Now, however, the chart shows XRP pressing once again against that resistance, this time with signs of strength. The 3-day chart shows four clear rejection points spanning several months. These rejections have kept XRP trapped under ...
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