XRP News Today: XRP Targets New Breakout as Traders Watch Key Support Zones

XRP is trading in a tight range after both XRP and XRPBTC closed the previous session without a clear direction, while the weekly candle closed slightly bearish. The market watched XRP form a double bottom near support, and traders monitored the opportunity forming above $0.52. 

Daily charts placed critical support near $2.020, and price stability above $2.700 could open the door to further upside. XRP’s intraday volatility added new attention to $2.2770 resistance as the market waited for fresh momentum. What could the next breakout reveal about XRP’s near-term trajectory?

Daily Structure Shifts as XRP Forms a Double Bottom

XRP’s latest daily candles showed indecision as neither buyers nor sellers took complete control of the session. XRPBTC followed the same pattern, closing without a firm directional bias.

Even so, traders noted a developing double bottom on XRPUSD. This formation sat just above the $2.020 support level, creating interest among market participants scanning for signs of renewed strength.

Furthermore, price stability above $2.700 could unlock further upside. This location remained significant because a sustained move could support a gradual push toward higher resistance zones. The broader daily chart setup created conditions that encouraged traders to prepare for quick opportunities. Analysts plan to focus on short-term formations that deliver a readable scalp window.

Intraday View Tracks Volatility Across Key Levels

The intraday chart delivered noticeable volatility through the previous session. XRP experienced swings that forced traders to adjust their plans quickly as the price tested intraday lows.

As the market moved forward, attention shifted to the need for stronger volatility from this position. XRP’s structure suggested that traders required a clearer push to confirm new directional intent.

Even so, price hovered near the $2.2770 resistance zone, creating another opportunity for the market to test upward momentum. A break above the level could lead to a more defined bullish rotation.

Below $1.9150, bearish activity remained active. This condition meant that traders continued to watch the lower time-frame chart for the following setup capable of offering a clean entry.

Key Breakout Level Sets Path for Potential Upside

The chart outlined a major resistance level near $3.65. Analysts noted that a breakout above this line could lead to a new rally. The projected target zone stretched toward $4.60 to $4.70.

Additionally, XRP remained within a descending trend, capping attempts to move higher. The outlined path suggested that clearing this trendline could unlock a new wave of upward flow.

Traders anticipated that the next major market-moving event would occur when the price of XRP reached a prior low. As such, every time a candle appears on the chart, traders will look for clues concerning where the market might be headed next. Traders remained watchful for sudden, extreme changes in XRP's momentum, given its historical performance.

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

Conclusion

XRP has formed another double bottom as it approaches its previous support levels. Traders are actively researching the sustained volatility currently being experienced (with increased interest and attention) in the market, confirming that there is still potential for additional price action. 

An upward price breakout from the existing resistance levels could generate price action significantly above current levels; thus, market participants are closely assessing XRP price movements across multiple timeframes, both Low Timeframe and Higher Timeframe, and creating trading strategies based on these price movements.