XRP Holds the Line: Critical Support Defended as $2.30 Looms as Ultimate Make-or-Break Zone
XRP's price action is putting on a masterclass in market tension. The digital asset isn't just trading—it's defending a fortress. Bulls have dug in at a crucial technical level, turning what looked like a retreat into a potential staging ground for the next major move.
The Battle for the Breakout
All eyes are locked on the $2.30 mark. Analysts are calling it the make-or-break zone, the single price point that could dictate the asset's trajectory for the coming quarter. A clean break above it signals a resumption of the bullish narrative, potentially unlocking significant upside. Failure to hold, however, invites a wave of selling pressure that could erase recent gains faster than a hedge fund can say 'risk-adjusted returns.'
The market's patience is wearing thin. Each sideways candle on the chart isn't just consolidation—it's a ticking clock. The successful defense of the current support level is a bullish tell, but it's a prelude, not the main event. The real volume and conviction will show when price approaches that $2.30 ceiling.
For now, the smart money is watching the order books, not the headlines. Because in crypto, the charts often tell the truth long before the talking heads on financial news catch up—usually just in time to take credit for the move or blame a 'black swan.'
The $2.30 Barrier and the Path Higher for XRP
The most significant level on the chart is located around $2.30. This region represents the top of the falling channel and the former resistance area. Breaking through this region with a successful re-test indicates a significant shift in momentum.
Based on the structure analysis from EGRAG CRYPTO, a breakout may open the path towards the $3.10-$3.30 area where former sources of liquidity and supply reside.
Unless this level is recaptured, any upside moves should be viewed with caution. Any moves above $2.30 are still corrective in nature, pending confirmation of trend reversal. On a probability basis, the structure now favors an upside resolution.
Lower-Timeframe Strength Meets Higher-Timeframe Risk
On lower time frames, the behavior of XRP has been positive. CrediBULL points to a triple tap pattern, which facilitated the movement towards the local highs of the range.
Source: X
The 4-hourly chart indicates strong demand formation around the $1.82 to $1.78 area, where the price was anchored more than once before a further increase. From the range bottom, XRP recovered the 50% level around $2.05.
