XRP News Today: XRP Nears Breakout Zone as Long-Term Chart Shows New Strength

Long-Term XRP Structure Points to Rising Pressure Across Key Fibonacci Levels
XRP News Today_ XRP Nears Breakout Zone as Long-Term Chart Shows New Strength.jpg
Written By:
Yusuf Islam
Reviewed By:
Shovan Roy
Published on

XRP spent last week grinding toward a familiar breakout zone as long-term charts began to show fresh signs of strength building around a major support stretch. Traders kept an eye on the price holding above the rising channel base - a level that has quietly guided XRP’s biggest expansions since the early days. 

At the same time, the 0.618 Fibonacci pocket came back into play, and that region has a history of sparking heavy follow-through in past cycles. XRP stayed inside its wide multi-year channel, inching closer to the center band that sits directly beneath the 1.618 extension.

XRP

Long-Term Trend Remains Intact

The broader structure did not break. XRP kept drifting along the inside of its long-standing upward channel, touching the same lower boundary that supported earlier cycles. Every time the price approached the 0.618 zone in past years, momentum usually shifted. The same pattern appeared again this month. 

Traders still leaned on the main trend line because that line helped define the major rallies in 2017 and again in 2021. XRP reacted the same way this time, which lifted confidence around the current setup.

Fibonacci Zones Continue to Shape Market Behavior

The Fibonacci levels once again played a defining role. The price hovered around the 0.618 area, a zone that marked the start of several historical surges. Traders kept their attention on the 1.618 extension above, which served as a key target in previous cycles. 

The next major extension sits near the upper channel boundary - the same region that triggered a powerful move the last time XRP reached it. With price movement pushing upward again, activity around this zone grew more visible.

The channel itself created a clear map. XRP climbed from the lower band and moved toward the middle region, a stretch that often accompanied the early stages of expansion phases. Weekly candles remained above the trend’s moving average, suggesting steady upward pressure. 

RSI stayed near the lower buildup region, the same type of reading seen during previous accumulation periods. As long as XRP held the trend line, the chart left room for further upside.

Targets Come Back Into Focus

The chart’s two TP1 zones, both tied to the 1.618 extension, gained attention as XRP moved closer to them. The price approached these areas in earlier cycles before launching into broader rallies. 

Traders followed the same markers again because XRP continued to respect old levels. If the price keeps holding the support band, the chart opens the door toward another extension cluster far above the current range.

Conclusion

XRP sits in a sensitive spot on its long-term chart as it edges toward a new breakout window. Historical patterns, Fibonacci levels, and the channel structure all point to building upward pressure. Traders continue to track these zones since they shaped every major rally in previous cycles.

Also Read: Could a $2.50 XRP Investment Really Make You a Millionaire by 2035?

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