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XRP price movement has been highlighted for a rejection of $ 2.35, FI aleu for a rebound at $ 2.15. This initial rejection continues to a brief pack in the last week of April, which, curiously, saw it break over a line of resistance to the descending part that has defined its structure since the beginning of January 2025. However, the rejection has been followed by a repetition of this line of trend, but this setback is seen as a configuration for a potential break at levels greater than $ 4 instead of absolute rejection.
Breakout line of trend in the approach to the swing fault pattern
According A technical analysis On the TrainingView platform, XRP/USDT is now pressing against the area of ​​a significant descending trend line in the daily sailboat time table. This line of trend, which has guided the broader bearish structure since January 2025, was previously responsible for notable price rejections in February and March. However, the most recent interaction with this line of trend seems different, and XRP can be changing a lower pattern of maximums to a rupture formation and new test.
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The remarkable development here is the sequence that leads to the attempted breakdown. XRP first rose at the end of April and moved above the trend line. But instead of collapsing again in the previous range, the price became briefly overvalued and formed a higher minimum, which is an important structural change in the upward version of a swing failure pattern (SFP).
In this case, the failed bass was formed after the break suggests a reversal of the previous lower trend, and this reversal was validated When XRP closed on April 30. As shown in the table below, this swing failure pattern has now turned to the increase in volume, an early sign of a rebound and a rally.
In addition to this perspective, the line of trend has been touched several times in the last five months, making a confirmed closure above it is very important. The white arrow drawn in the table indicates the advance address of the XRP price if the rebound is held.
The $ 3.00 resistance is important for the explosion of the next price
A daily closure above this line of trend would break The bearish structure That has defined the price of XRP since the beginning of the year. If it succeeds, this would open the XRP price to an eventual execution above $ 4 If everything goes well.
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However, according to the analyst, the most immediate level for The clock is the $ 3.00 resistance. A daily closure above this round psychological level, combined with a volume spike, could open the way for XRP to increase to the following key areas.
These areas include $ 3.31, which coincides with the maximum on January 16, which is the following clear liquidity level. The next area would be around its current maximum of all time. Beyond that, $ 4,6209 is the following long -term rupture objective.
At the time of writing, XRP is quoted at $ 2.20.
Outstanding image of Adobe Stock, TrainingView.com box
