XRP Hits Make-or-Break Support as Bulls Eye $2 Breakout
XRP is hovering at a make-or-break zone as sellers lose momentum and buyers begin to step in around a well-defined support band.
Key Takeaways
- XRP is defending a crucial $1.50–$1.55 support zone.
- A breakout above $2 could quickly push price toward $2.20–$2.70.
- The broader structure still points to much higher levels later in 2026 if momentum builds.
After a prolonged downtrend, the token is now testing levels that could determine whether the next move is a deeper breakdown or the start of a new impulsive rally.
At the time of writing, XRP is trading around $1.62–$1.64, down nearly 15% over the past seven days but showing early signs of stabilization. Market participants are closely watching the $1.50–$1.55 area, a zone that has repeatedly acted as demand in previous corrective phases.
Critical support under pressure
The $1.50–$1.55 range is widely viewed as the last major support before a deeper correction. This zone aligns with multiple technical confluences, including long-term trendline support and Fibonacci retracement levels visible on higher timeframes. So far, buyers have managed to defend this area, preventing a clean breakdown despite heavy selling pressure across the broader crypto market.
A failure to hold this range would likely expose XRP to a move toward the mid-$1.30s. However, as long as price remains above $1.50, the broader bullish structure remains technically intact.
Momentum indicators hint at a potential turn
On the 4-hour chart, RSI has been hovering in the low-40s, having recently bounced from near-oversold territory around 30. This suggests selling pressure is weakening, even though bullish momentum has not yet fully returned.
MACD remains slightly negative, but the histogram has begun to flatten, indicating downside momentum is slowing. A bullish crossover would add confirmation that a short-term trend reversal is underway, especially if accompanied by rising volume.
Key resistance levels to reclaim
For bulls, the next major test sits between $1.88 and $2.00. This zone previously acted as support and now represents a strong resistance cluster. A decisive reclaim of this range, ideally with expanding volume, would significantly improve the short-term outlook.
If XRP can break and hold above $2, technical projections suggest a rapid move toward the $2.20–$2.70 area. This would likely complete the current local wave structure and confirm that the recent sell-off was corrective rather than trend-ending.
Bigger picture: a potential Wave 5 setup
From a medium-term perspective, the current structure is increasingly being interpreted as the early phase of a larger Wave 5 impulse that began forming after the 2025–2026 lows. Using Fibonacci extensions and long-term channel projections, analysts are pointing to a potential upside target zone between $5 and $8.
Within that range, the $7 level stands out as a particularly strong candidate for a cycle peak, lining up with historical resistance, extension targets, and the upper boundary of the long-term trend channel.
If bullish momentum continues to build, a potential peak could emerge within a 4–8 month window, placing the most optimistic scenarios between June and October 2026.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
