XRP Eyes Breakout as It Approaches Key Resistance Level

XRP is showing signs of strength as it nears a critical technical resistance level that could open the door for a bullish breakout.

Relative Strength Rating: See What It Is, Why It’s Important, And Top StocksNow, traders and investors are closely monitoring XRP price action as it approaches a key technical resistance level that could be critical for the next leg of the crypto's recovery.

According to crypto analyst Ali Martinez, who is known for spotting relevant charts, XRP is approaching the $2.26 resistance. If the bulls manage to break through this barrier, it could pave the interval for a bullish rally toward the $2.60-$2.65 range.

This analysis highlights XRP price movement within a descending parallel channel since February 2025. Despite several attempts to pierce through the upper and lower trendlines, the price has been contained throughout this period.

Recently, however, the crypto has shown signs of strength, bringing it closer to testing the upper boundary of the channel once again.

A breakout from this channel would not only negate the current downtrend but also signal a potential trend reversal toward higher Fibonacci retracement levels from the 2024 low.

After the $2.26 resistance, the next key target for XRP becomes the $2.60-$2.65 range. This level aligns with the 0.382 Fibonacci retracement level from the 2024 low to the 2025 high and a previous support-turned-resistance zone.

This technical setup showcases a classic breakout pattern. Sustained resistance pressure at the channel’s upper boundary, combined with higher lows and increasing volume, could culminate in an explosive move if the bulls succeed in flipping the $2.26 level into support.

As the crypto market continues to be active, traders and investors are keeping a close eye on this development. A breakout above the parallel channel could signal renewed strength for XRP after months of consolidation.

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