XRP holds $1.80 support as analysts point to a potential breakout toward $2.70 amid ETF outflows and rising exchange reserves.
XRP holds $1.80 support as analysts point to a potential breakout toward $2.70 amid ETF outflows and rising exchange reserves.Ripple’s native cross-border token is trading around $1.89 after facing a pullback this week.
Over the past 24 hours, the asset has gone down slightly. It has dropped more than 3% over the past seven days. Earlier this month, XRP reached $2.40 before retracing sharply, giving up most of its year-to-date gains. Analysts are now watching the $1.80 level, which has been tested and held over the past 13 months.According to analyst ChartNerd, XRP has consistently defended the $1.80 zone, using it as a base for several rebounds. The current chart shows the price inside a descending channel, where it is again testing the upper resistance. Similar past structures resulted in a breakout and rally.a larger structure going back several years. The pattern mirrors the 2015–2017 cycle, where an ABC correction ended in a Fibonacci demand zone before a breakout. The current move also shows an ABC structure inside a support area between $1.17 and $1.53. If this structure follows the same path, the projection points to a possible move as high as $27. The candles on the current chart show early signs of strength, but the breakout level still needs to be cleared.Egrag Crypto shared a chart showing a triple bottom formation. The structure includes three clear lows forming around the same level, which is seen as a key support zone. A resistance line sits above the pattern, and the price is now moving just below it.Ripple Isn’t ‘Breaking Down’ Yet – But Sellers Still Haven’t Let GoThe chart shows possible targets if the resistance breaks. These include $2.7, $9, $15, and $32, based on past price extensions.the first weekly net outflow since the products launched. However, total net inflows remain at $1.23 billion, and the funds still hold $1.36 billion in assets under management.that Binance’s XRP reserves have increased to 2.74 billion tokens. This is the highest level since November and comes after a period of lower exchange balances, indicating a return of liquidity.Olivia Stephanie is a FinTech enthusiast with a sharp insight into financial markets. Her deep interest in economics and finance drives her exploration of blockchain innovations and the evolving world of cryptocurrencies.4 Things That Could Move Crypto Markets in Volatile Week Ahead
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