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📅 July 3, 7:00 – July 9,
XRP Breaks Trendline After Triple Support Test, Eyes Continuation Above $2.26
XRP broke a sustained downtrend after three clean retests of a major support zone.
A fakeout in April briefly pushed prices below the support before recovery.
Price now retesting the breakout zone near $2.20 with current resistance at $2.26.
After several months of consistent lower highs, XRP has finally broken out of its long-term descending trendline. The breakout occurs after a long accumulation phase that is characterized by three significant retests on a major support zone
This price action caused a concise price response and followed a strong support zone resting just above $2.00, which resisted a surge in volatility. At the time of writing, XRP was down 1.6 percent at $2.26. The ongoing retest of the breakout area is now drawing market focus.
Repeated Support Tests Confirm Buyer Strength
XRP first tested this major support area in January 2025. This retest, marked as the first significant bounce, initiated a short-term rebound. A second test occurred in early March, showing similar strength and confirming the zone's importance. However, in April, price action slipped below the zone in what later proved to be a fakeout. Notably, this move did not sustain and quickly reversed back above the zone, indicating it was not a true breakdown.
By June, XRP returned for a third retest of the same support. This time, the reaction was stronger, pushing the price upward with increased volume. The trendline, which had capped prices for over four months, was finally broken in early July. This break above the red downtrend line shifted the structure and marked the first confirmed higher high in months.
Price Retest Underway After Breakout
The breakout is currently a technical retest at the price of around 2.20. This range is located next to the former resistance-became-support and plays a vital role regarding immediate price movement. The present support is at 2.20, and resistance is building at 2.26.
Momentum can be further validated by any prolongued rise above this level. Price movement during the retest phase will be closely watched, as it determines if buyers can maintain control.
Breakout Targets $3.60 with 65% Upside Potential
A projection mapped from the breakout indicates a potential move of approximately 65.27%. The target, based on the vertical height from the support zone to the trendline peak, sits around $3.60
While the market is still in early breakout stages, this measurement provides a reference for potential continuation if support holds. The chart structure is now reset, and price behavior during the next sessions will likely validate the breakout strength.