Headline: XRP Inches Toward a Breakout — Analysts Say “Most of the Work Is Done” XRP has been treading water near $1.90 over the past few days, oscillating just below and above that mark as traders await a clearer directional cue. Two crypto technicians on X argue the token may be poised for an upside continuation — and that much of the groundwork for a trend reversal is already in place. What traders noticed - Analyst CW notes that recent price action looks like a controlled reset: many long positions built during XRP’s early-January surge to $2.40 have been liquidated, removing excess leverage and curbing forced selling. - That liquidation coincided with price touching the lower boundary of a descending channel on the 4-hour chart. In the last 24 hours XRP bounced from the mid-$1.80s and has climbed back to retest the channel’s upper trendline near $1.90. - The retest came with increased net buying, and CW says the critical next step is a decisive breakout: multiple candlestick closes above ~$1.90 would signal buyers have regained control and would likely invalidate the short-term downtrend. Bigger-picture context - A separate view from ChartNerd places the current structure in a longer timeline stretching back to 2024. XRP once cleared a major resistance line stemming from its late-2024 peak, a breakout that led to a $3.65 high in 2025. - Since that run the market has entered an extended accumulation phase lasting more than a year. ChartNerd estimates XRP is roughly 90% of the way through the setup needed for a renewed rally — the missing piece being sustained upside follow-through. What to watch next - Confirmation requires more than a single wick above the trendline: traders will be watching for multiple closes above $1.90 and expanding spot demand to validate the breakout. If confirmed, the market could shift from deleveraging to fresh buying, opening the door for an uptrend. If XRP fails to hold above the upper channel line, the descending structure and controlled drawdown story remains intact. In short: analysts see the heavy lifting largely done — a clean breakout and follow-through above $1.90 is the next catalyst that could convert the current consolidation into a sustained rally. Read more AI-generated news on: undefined/news

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