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XRP Breaks Out Above $1.90 as Descending Channel Pattern Ends
$XRP has broken above the resistance line of its descending price channel on the hourly chart, climbing past $1.90. Traders are now waiting for the next few candles to see if this breakout holds or reverses.
👉 XRP just made an interesting move on the hourly chart—it broke above the upper line of a descending channel that had been containing price action for a while. The breakout happened around the $1.90 mark after the token spent days moving lower in a controlled pattern. But here's the catch: we need one or two more candles to confirm this isn't just a fake-out.
👉 The chart shows XRP had been trading in a tight descending channel, bouncing predictably between support and resistance lines. After dropping toward the lower boundary near $1.80, the price suddenly reversed with strong buying volume. That push carried it back up to test the upper resistance—and this time, it broke through.
👉 Still, this breakout is early. XRP has barely cleared the descending trendline, and we haven't seen a solid close above it yet. The next candles will tell us whether buyers can hold this level or if the price slips back into the old channel. A confirmed hold would mean the downtrend structure is finally done. A rejection would mean more sideways action ahead.
👉 Why does this matter? When assets break out of descending channels, it often marks the start of a fresh upward phase after consolidation. If XRP can stay above this resistance, we might see the beginning of a bigger rally. If not, expect more range-bound trading. The next few hours will be crucial for XRP's short-term direction.
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Appreciate the work. 😍 Thank You. 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 💰🤩
🚀🚀🚀 PLEASE CLICK FOLLOW BE MASTER BUY SMART - Thank You.
👉 XRP just made an interesting move on the hourly chart—it broke above the upper line of a descending channel that had been containing price action for a while. The breakout happened around the $1.90 mark after the token spent days moving lower in a controlled pattern. But here's the catch: we need one or two more candles to confirm this isn't just a fake-out.
👉 The chart shows XRP had been trading in a tight descending channel, bouncing predictably between support and resistance lines. After dropping toward the lower boundary near $1.80, the price suddenly reversed with strong buying volume. That push carried it back up to test the upper resistance—and this time, it broke through.
👉 Still, this breakout is early. XRP has barely cleared the descending trendline, and we haven't seen a solid close above it yet. The next candles will tell us whether buyers can hold this level or if the price slips back into the old channel. A confirmed hold would mean the downtrend structure is finally done. A rejection would mean more sideways action ahead.
👉 Why does this matter? When assets break out of descending channels, it often marks the start of a fresh upward phase after consolidation. If XRP can stay above this resistance, we might see the beginning of a bigger rally. If not, expect more range-bound trading. The next few hours will be crucial for XRP's short-term direction.
🚀🚀🚀 FOLLOW BE_MASTER BUY_SMART 💰💰💰
Appreciate the work. 😍 Thank You. 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 💰🤩
🚀🚀🚀 PLEASE CLICK FOLLOW BE MASTER BUY SMART - Thank You.
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XRP
1.9131
-0.33%