• XRP trades in a tight range between $2.79 and $2.83, signaling a possible breakout.
• Technical indicators and Bitcoin’s recent correction point to a bullish setup.
• Sustaining above $1.99 could confirm a long-term reversal toward $4 and beyond.

XRP is showing strong resilience as price action compresses between two crucial levels, indicating that a significant market move could be near. After a gradual decline, the token tested the macro 0.5 Fibonacci support at $2.79, holding firm despite brief dips below. Every hourly and higher timeframe candle has closed above this mark, confirming it as a strong area of demand.

This consolidation has been unfolding since July, with XRP now pressing against a descending trendline near $2.83. The narrowing range between these levels reflects mounting pressure that often leads to sharp movements. According to chart watchers like CasiTrades, a clean break above $2.83 could push XRP toward the psychological $3 mark, which might then set the stage for a larger upward wave.

XRP Builds Momentum Amid Bitcoin Recovery Phase

Market data is bullish for XRP’s configuration to mature into a potential breakout formation. The RSI meter is also displaying increasing power, suggesting accumulating momentum toward the next upswing. As Bitcoin’s correction process looks done, XRP may receive even more tailwind from bettering general market sentiment.

If the price manages to maintain an overrun above $3, the following technical targets are estimated to be around $4 and $4.50, representing an on complete wave that potentially initiates the onset of the next bullish cycle. A strong watch is maintained by traders on the volume and candle construction on confirmation of the breakout, since the current squeeze phase is customarily followed by high volatility.

Re-Accumulation Could Spark a Major Move

Another view put out by EtherNasyonal frames XRP’s anointing over the past few years as one of re-accumulation. The $3.32 area, the acting 2017 peak, has re-emerged as the big resistance. Though staying above $1.99 on the monthly chart favors the argument for the structural bullish reversal.

This area is now acting as a turning point that potentially will reverse the current lateral movement into the foundation for explosive growth. With the momentum indicator still at a level primed for bullish movement, the token is potentially awakening from dead sleep.

As the range narrows, the next volatility spike is anticipated soon, and the first breakdown from either side may determine XRP’s direction over the next few months.

Also Read: XRP Builds Pressure at $2.73: Will the Bulls Take Over?