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Following
XRP XRP breaks through the downtrend line, analysts target US$1.60
Core points:
- XRP broke through the downward resistance line around $1.389.
- Ali Charts pointed out that if the price can stabilize above US$1.38, a bullish breakthrough signal will be confirmed.
- The previous high gradually lowered and repeatedly defended the US$1.31 support level, putting pressure on the market until buyers pushed XRP above the downward resistance line close to US$1.38.
- The US$1.43 - 1.45 and US$1.50 areas may pose resistance, and a break below US$1.38 will weaken the bullish structure and trigger a sell-off.
Technical analysis: Triangle sorting and breakthrough attempts
XRP has crossed a downward trend line. If buyers can maintain above this breakthrough level, the target price of US$1.60 will be within reach. According to Ali Charts analysis, a continued close above $1.38 will confirm this trend and strengthen market expectations for further gains.
shows on its one-hour chart that XRP is trading around $1.389, slightly above the downtrend line that has limited previous rallies. During this period, sellers created lower highs, while buyers repeatedly defended horizontal support in the important $1.31 area. These trends form a downward triangle, reflecting the gradual narrowing of the game between buyers and sellers near the peak of the pattern and the continuous accumulation of pressure.
Then, XRP broke through the upper boundary as buyers challenged the bearish structure that has dominated its course since late August. However, breakthrough resistance does not automatically mean that an effective breakthrough is established, as a brief rally without sufficient market participation may quickly reverse. XRP must ensure that the hourly closing price stands firm at $1.38 and defend that level against renewed selling pressure during potential backtests.
Key Resistance and Support Areas
Holding this breakthrough range will indicate that the previous resistance has transformed into support, laying the foundation for another upward move in prices. In addition, rising trading volume will also support this breakthrough, demonstrating that market participation increases as XRP crosses the downtrend line.
Ali's forecast target price of US$1.60 is approximately 15.2% higher than the price of US$1.389 shown on his latest technical chart. Still, XRP must overcome several nearby areas of resistance before buyers can establish a reliable path to the analyst's main goal.
Sellers may be defensive in the $1.43 to $1.45 area, where previous upward movements have encountered supply pressure and struggled to maintain momentum. In addition, the psychological threshold of $1.50 may pose another obstacle, as traders tend to place take profit orders near significant integer levels.
If it continues to exceed US$1.50, it will strengthen XRP's bullish outlook, putting it on track to reach US$1.60, which reflects the roughly measured movement projection of the triangle. 1.35 Support between $1.38 and $1.38 may provide defense, while the horizontal boundary near $1.31 remains a particularly critical structural level. A breakthrough in resistance by XRP supports the possibility of moving towards $1.60, but buyers must firm $1.38 as support to confirm this bullish setup.
