XRP has reached another key technical level as price action continues to tighten within a long-term descending channel. Crypto analyst Crypto Michael (@MichaelXBT) believes the next move coul
XRP has reached another key technical level as price action continues to tighten within a long-term descending channel. Crypto analyst Crypto Michael (@MichaelXBT) believes the next move could come soon.
He wrote, “XRP is now just days away from the bullish breakout,” adding, “As usual, I will be right.” His latest chart focuses on a resistance level that has capped every rally since May.
XRP is now just days away from the bullish breakout.
As usual, I will be right. https://t.co/wqncrw0EbDpic.twitter.com/7wIvx2pJll
— Crypto Michael (@MichaelXBT) July 10, 2026
Michael’s daily chart shows the asset moving within a falling wedge marked by two falling trendlines. The upper boundary has rejected several recovery attempts, while the lower boundary has consistently attracted buyers.
At the time of the chart, XRP traded near $1.12 after recovering from support around the lower end of the pattern. That rebound has carried the token back toward the upper trendline, placing resistance in focus once again.
The asset tested support twice in June. The first occurred at the beginning of the month during a market-wide decline. The second came after a short rebound was rejected at the resistance. The latest price action shows XRP producing higher lows again after bouncing from support.
Buyers pushed the token up before its movement paused just below the descending resistance. Although XRP remains within the channel, the recovery has reduced the distance between the price and the upper trendline. That leaves the market approaching the apex of the pattern.
The chart identifies the descending resistance as the level traders will watch most closely. A move above that trendline would end the pattern of lower highs that has defined the channel for months.
Current resistance sits around $1.20. The analyst also highlighted a resistance zone between $1.90 and $2.10. This served as support for most of 2025 after XRP’s explosive breakout in late 2024. If the asset can reclaim this level, it could target previous highs from 2025.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Technical analysts often view a breakout from this type of formation as a sign that bullish momentum is strengthening. Confirmation usually comes if the price holds above the former resistance after the initial move.
Michael’s outlook centers on timing rather than a distant target. His post says XRP is only days away from a bullish breakout, suggesting he expects the asset to challenge the resistance in the near term.
For now, XRP continues to trade just below that barrier. The chart keeps attention on whether buyers can generate enough momentum to secure a decisive move above the upper trendline.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
The post Crypto Michael Says XRP Is Now Just Days Away from This Breakout. Here’s why appeared first on Times Tabloid.
