XRP is coiling tightly within a descending wedge, with $2.20 acting as the spark that could ignite a breakout toward $2.80.
Nearly 1 million new portfolios tracked XRP in 24 hours, showing rising retail confidence as price tests key resistance at $2.08.
With two sharp legs up from $1.93 and a solid $2.00 base, XRP is showing strong hands building pressure for the next big move.
XRP is trading at $2.06, 5.0% up in the past 24 hours as bullish momentum increases. The token traded in a narrow daily range of $1.92 to $2.06, closing towards the high and with upward pressure. With resistance at $2.08 being pressured, XRP is heading towards a major breakout zone very fast.
CoinGecko Data Signals Persistent Buying Strength
According to CoinGecko’s latest data, XRP climbed steadily across two sharp upward legs, beginning from the $1.93 level. The first leg triggered aggressive volume, while the second drove price above $2.05 with little resistance. This structure confirms active accumulation rather than a temporary pump, as buyers locked in higher highs throughout the session.
Source: Coingecko
Investor engagement continues to climb. CoinGecko shows 927,058 new XRP portfolio additions within 24 hours, highlighting a retail wave backing the rally. Price has respected the $2.00 psychological support all session, holding firm as traders prepare for a move beyond the intraday resistance zone near $2.08.
Tight Volatility Band Hints at Trend Continuation
XRP’s trading activity displays classic volatility compression between major support and resistance zones, forming a tightening pattern. This coiling action often leads to directional breakouts, especially when the price continues to test overhead levels. With price maintaining higher lows, the structure suggests growing tension for expansion.
The consolidation between $1.92 and $2.06 has resulted in a steady green trendline, indicating a moderate and methodical increase. Buyers maintain control, and each denial has resulted in fast rebounds, maintaining the positive tendency. However, a clean breakthrough above $2.08 with volume is required for confirmation.
Analyst Confirms Wedge Pattern Nearing Resolution
According to market analyst CryptoWZRD, XRP is now deep within a descending wedge formation after its late-2024 vertical surge. The structure spans from highs near $3.30 to lows around $1.50 and is approaching its apex. This setup is known for explosive breakouts when the downtrend line is breached decisively.
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The analyst provided insights on XRP’s tightening price action within the wedge, noting a 30-week consolidation phase. The longer the coil, the larger the potential breakout. Recent candles are pressing against the wedge resistance, with momentum building toward a possible breakout above $2.20 in the coming sessions.
$2.20 Resistance Holds the Key to Momentum Shift
XRP’s next major trigger lies at the $2.20 neckline of the descending wedge. A close above this level, paired with rising volume, would unlock bullish expansion targets toward $2.80 or higher. This aligns with historical patterns seen before XRP’s previous parabolic moves.
If XRP fails to reclaim $2.20, short-term weakness might bring the price back to the $1.60 level. However, the appearance of higher lows and further accumulation keeps the bullish structure intact. Traders continue to look for volume surges and breakout confirmation to confirm a complete trend reversal. Until then, XRP will remain tightly squeezed, but not for long.
The post Volume Builds as XRP Presses $ 2.08- Could $2.20 Trigger the Next Big Move? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
