XRP Months of Compression, Breakout Setup Building
XRP
1.4412
-2.07%
$XRP has been grinding inside a tight demand zone between $1.28–$1.35 since early March, every dip into it has been bought. Price is now at $1.3674, sitting right at the top of that zone with the chart projecting a move toward $1.60 as the next major target.
If XRP closes above the teal dotted resistance at $1.40 on the 4H and holds, the compression breaks and $1.50–$1.55 opens first, then $1.60–$1.65 on continuation.
If price drops back below $1.28 on a 4H close, the demand zone fails and $1.20 becomes the next level to watch.
XRP has spent 6+ weeks compressing in this zone the longer it holds, the bigger the move when it breaks. $1.40 is the trigger level.