XRP Approaching Key Resistance: Is a Breakout Imminent?
XRP has reached a significant resistance level of $2.70 amid bullish market conditions, mirroring its breakout patterns from previous years.
XRP is back in the spotlight following a bullish weekly candle. Currently, the token trades at $2.62 with a 24-hour trading volume of $4 billion. Although there is a slight dip today, it has seen a 5% gain over the past week.
Meanwhile, traders are monitoring the $2.70 level which has been a significant resistance.
Weekly Candle Indicates Bullish Reversal Pattern
The weekly chart has formed a bullish engulfing candle. This pattern often emerges following downtrends, suggesting that buyers have stepped in. The candle completely covers the previous red candle, signaling a momentum shift.
The focus now remains on the $2.70 threshold. A clear break above this level could confirm bullish strength.
“$XRP has printed a weekly bullish close with an engulfing candle 🕯 Breaking above $2.70 and maintaining that level is crucial. A higher low could develop if it faces resistance. Great signs for continued growth macro. Stay prepared 🎒 link”
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) October 27, 2025
Analysts note similarities between XRP’s current price activity and its behavior in 2017. At that time, the token surpassed a long-term resistance level after prolonged consolidation. A comparable setup appears to be developing now, as indicated by a multi-year chart.
Price has now broken the same sort of resistance and is supported by previous accumulation areas. Fibonacci extension levels suggest potential targets at $8, $13–$15, and $27, based on XRP’s past expansion history.
Continued Long-Term Accumulation
Since January, XRP has been operating within a rising channel. Recently, it tested the lower boundary and rebounded near key trendline support, which has held firm for over ten months, reinforcing the notion of ongoing accumulation.
Cryptoinsightuk remarked,
“XRP has no downside liquidity… at some point, price will be pushed higher into the deep areas of liquidity.”
This statement highlights how thin order books beneath can act as a springboard if there’s renewed demand.
Mixed Market Sentiment
Current market sentiments remain varied. Some traders expressed doubts regarding the strength of the recent upward movement due to notable whale activities. Nevertheless, data from Santiment reveals growing buying interest after a wave of negative social media sentiment.
In addition, Ripple recently finalized its $1.25 billion acquisition of Hidden Road, now rebranded as Ripple Prime, marking its entry into the institutional brokerage sector.
For further insights into Ripple’s strategic moves, check here.
