XRP Eyes $2 Breakout as Expert Spots Pattern That Once Triggered ATH
- XRP price structure shifts as analysts watch closely near critical $2 level
- Higher low formation places XRP at decisive point for bulls
- Expert analysis highlights familiar pattern that once fueled XRP rally
XRP has moved back into the spotlight as price action tightens near a resistance level that has repeatedly shaped recent market direction. Trading activity now reflects growing tension as buyers and sellers battle for control close to a decisive price zone.
Recent sessions showed XRP recovering from a short term decline that kept price capped below $2 for several attempts. Sellers consistently defended that region, forcing pullbacks and maintaining pressure on bullish momentum.
However, conditions began to shift after XRP attracted strong buying interest near the $1.80 area. That reaction limited downside movement and suggested that selling strength was beginning to fade. According to analyst Niels, XRP has now formed a higher low on the price chart.
He noted that a similar structure previously appeared before XRP advanced toward a new all time high.
Importantly, the most recent pullback remained above the earlier low around $1.82. This price behavior indicates that buyers entered the market sooner, reducing the ability of sellers to push lower. As a result, attention has returned to the $1.95 to $2.00 zone, which remains the primary resistance area.
That region previously acted as a distribution zone where upward momentum consistently stalled.
A sustained move above $2 would confirm a bullish market structure shift. Such a development would suggest that buyers have absorbed lingering sell pressure across recent sessions.
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Why the $2 Level Now Defines Market Direction
From a technical standpoint, the $2 level represents former support that later turned into resistance. According to Web3Niels, reclaiming this level would signal that bulls have regained short term control. Besides the higher low, the chart also shows a gradual rounding of price action above recent lows.
This formation often reflects accumulation rather than aggressive selling during consolidation phases.
Moreover, recent pullbacks have occurred with reduced selling intensity. That behavior reinforces the idea that downside momentum continues to weaken. However, rejection near $2 could still lead to extended sideways movement. Such price action would keep XRP trading within a defined range rather than initiating a breakout.
Additionally, previous failed attempts above similar resistance levels encourage cautious positioning among traders. Consequently, volume behavior will be critical during any approach toward $2.
Stronger participation would support the case for a sustained breakout.
XRP currently trades within a narrowing range that reflects increasing market pressure. According to technical observers, the next decisive move near resistance will likely set short term direction.
The developing structure places XRP at a key inflection point. Traders continue monitoring price behavior closely as momentum builds around the $2 threshold.
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The post XRP Eyes $2 Breakout as Expert Spots Pattern That Once Triggered ATH appeared first on 36Crypto.
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