Analyst Says This XRP Price Action Will Trigger a Breakout Toward $1.80

XRP is trading just below a major resistance zone this week as its price continues pressing against the top of a multi-week range on the 4-hour chart.

Recent price action showed buyers regaining momentum after XRP climbed from the $1.35 area in late April to nearly $1.49 during the latest rally attempt.

According to crypto analyst Ali Martinez (@ali_charts), “XRP must close above the top of the channel at $1.49 to trigger a breakout toward $1.80.” His chart highlighted $1.49 as the key resistance level after several failed breakout attempts during the past few weeks.

XRP Tests the Top of the Range Again

The chart showed XRP trading inside a clear horizontal structure since late April. The asset repeatedly faced rejection near the $1.49 while buyers defended lower support zones around $1.42, $1.38, and $1.35.

That range became more important during the latest upward move. XRP recovered steadily after bouncing from the lower boundary near $1.35 and later reclaimed the $1.42 level. The latest rally then carried it back toward resistance near the top of the structure.

XRP’s Improving Momentum

The move also showed improving short-term momentum. XRP printed a sequence of higher lows during the recent advance, which helped sustain pressure below resistance. Buyers pushed the price up sharply near the end of the chart before XRP briefly reached the upper boundary around $1.49.

Unlike earlier attempts that quickly lost strength, the current move held above previous support zones throughout most of the rally. XRP also spent less time near the lower end of the range during the latest consolidation phase.

The Importance of $1.49

Ali Martinez identified $1.49 as the level that could determine XRP’s next major move. According to his analysis, a confirmed close above resistance could open the path toward $1.80.

The chart showed XRP rejecting from that zone multiple times since April. That repeated reaction established $1.49 as the strongest resistance level within the current structure. A breakout above it would position XRP at its highest level in weeks and could shift momentum further in favor of buyers.

Support levels below the current price remain important if XRP continues consolidating below resistance. XRP now sits near the same resistance level that capped several earlier rallies. Breaking through $1.49 would kickstart an upward move to $1.80 and potentially toward higher levels.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

Follow us on X, Facebook, Telegram, and  Google News

The post Analyst Says This XRP Price Action Will Trigger a Breakout Toward $1.80 appeared first on Times Tabloid.