XRP Edges Toward Key Resistance: Is a Breakout Finally Near?

Source: ETHNews Original Title: XRP Edges Toward Key Resistance: Is a Breakout Finally Near? Original Link: XRP is entering another tightening phase as price compresses into a well-defined structure, with traders watching closely for a decisive move.

The latest intraday action shows momentum slowing yet holding above a rising support line, a combination that often precedes sharp volatility expansion once direction is chosen.

Market Structure Tightens as XRP Presses Higher

XRP is currently trading inside a rising channel where every pullback continues to be absorbed along ascending structure. This repeated defense from buyers underscores active demand beneath the market, even as price remains capped by a clear resistance ceiling.

The chart highlights how XRP has been reacting to both boundaries of the channel. Each test of the upper trendline has produced hesitation, while each dip into support has attracted renewed buying. This tightening coil is a classic sign of market indecision before a breakout.

A clean break above the upper boundary would open the door toward the $2.15–$2.20 region, while rejection could rotate price back toward the mid-zone near $2.03.

TradingView Chart Shows Support Still Holding

The TradingView data reinforces the same structure. Despite intraday volatility, XRP continues to maintain higher lows, confirming the integrity of the rising support. Volume has increased at each bounce, suggesting interest is building as the squeeze narrows.

If XRP can stabilize above the $2.07–$2.10 range, bullish continuation becomes the favored scenario. Failure to hold this region would increase the likelihood of a deeper retest of the $2.00 level.

Breakout or Breakdown? The Market Is Almost Ready

Momentum indicators may be mixed, but price behavior remains decisive: XRP is tightening into a zone that historically precedes major directional expansion. Traders are watching for a breakout candle that closes beyond the resistance trendline, the trigger that would confirm bullish intent.

Until direction commits, the environment remains tactical. XRP’s squeeze phase is almost complete, and the next move could define its December trajectory.