- XRP broke wedge resistance and reclaimed $1.96, with liquidity swept below $1.85
- RSI and price compression signal breakout nearing final stage above 2021 highs
- Rounded bottom forms near $1.85 with projected target between $2.40 and $2.60
XRP has reclaimed major support following a clean breakout from its multi-month descending wedge structure. The asset now trades above the $2.00 level, showing renewed bullish momentum on the daily timespan.
Wedge Structure Breaks as Market Regains Control
XRP price traded inside a falling wedge from mid-December 2024 to early April 2025. This long-term pattern consisted of sequential lower highs and lower lows, forming consistent compression within declining trendlines. The wedge matured near the April lows, where the price tested a long-standing demand zone.
After a prolonged period of lower highs and lower lows, conditions reached a pivotal area in early April. According to technical analyst Osemka, liquidity was swept below the March low before rebounding back above $1.85. The structure regained the range it had previously held since January 2025.
Source: Osemka
Osemka has presented a detailed view of key supply and demand dynamics visible on the daily chart. He indicated a strong recovery above the 2021 high at $1.9660, defining it as a breakout threshold. His observations identified confluence between price action and RSI, which printed a higher low while testing trend resistance.
The analyst also pointed out that price movements formed a triangle apex near the former trendline. This consolidation zone, marked in yellow, is aligned with historical rejections and narrowing volatility bands. His timespan interpretation tracked RSI beneath a descending trendline since late 2024, confirming momentum compression.
Osemka outlined that price dipped into the $1.70 zone twice, collecting liquidity before pushing back into range. He marked $2.30 and $3.31 as future resistance zones if a confirmed breakout sustains above $1.9660. His overall structure tracked XRP’s compression phase nearing a resolution point.
Structural Shifts Observed Above Mid-Support Zone
Based on chart behavior, analyst Scient has provided additional insights into XRP’s breakout setup. His analysis emphasizes recent technical shifts following the break of the descending trendline. Scient marked key levels where price rebounded and tested mid-support zones for confirmation.
Source: Scient
The analyst identified a rounded bottom formation between $1.85 and $1.90. He noted that this zone aligns with a daily market structure shift from February. The price reclaimed the $1.96–$2.00 level, which previously served as consolidation support in January and March.
Scient also plotted a projected path toward the $2.40–$2.60 range based on prior volume and structure. His chart shows a clean breakout above resistance, holding near the upper wedge region. Scient referenced the $1.27 level as longer-term downside support, last active in late 2024. XRP continues to trade above reclaimed zones, with rising momentum and reduced downside volatility across daily timeframes.
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