XRP builds structure inside a long-standing range, key breakout levels in focus

XRP has been trading within a broad high time frame range ever since the end of last year, with no decisive breakout to either side. However, recent price action suggests the market is beginning to show more constructive behaviour. On the daily chart, two major levels stand out, level 1 near $2.10 and level 2 around $2.32.

Notably, XRP has recently broken above a descending trendline that has been in place since early May. The breakout pushed the price into local resistance near $2.32 (level 2), forming what now appears to be a new local range between that level and the support zone at $2.10 (level 1). A confirmed breakout in either direction could act as a catalyst for a more meaningful move.

On the 4-hour chart, this local range structure is even more clearly defined. Price is currently testing the range EQ at approximately $2.20, which serves as a short-term decision point. Range highs remain around $2.33, while the range lows sit just above $2.07.

If XRP can reclaim and hold the $2.20 level, a continuation toward the $2.32 to $2.33 resistance zone becomes likely. However, a rejection here would increase the probability of a return to the range lows near $2.07.

With the price coiling inside this well-defined structure, the next breakout — whether up or down — could provide valuable directional context. For now, $2.20 remains the key level to watch for short-term bias.

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