XRP Breakout Loading? All Eyes on the Crucial $2.60 Level

XRP is trading near $2.15 today, with a 24-hour trading volume of over $4 billion. The asset is up slightly over the past week, despite a minor dip in the last 24 hours.

Analysts are now watching whether it can maintain its recent bounce and move toward the $2.60 level, which sits near the midpoint of its broader trading range.

Price Rebounds Off Support With Eyes on $2.60

A chart shared by Ali Martinez shows XRP rebounding from the lower end of a horizontal price channel. This support level, located just under $2.00, has acted as a reliable zone in previous moves. According to Ali,

“XRP bounced off the bottom of the channel and could be heading toward the midpoint around $2.60.”

The setup indicates that Ripple’s token remains in a broad sideways structure. Past moves have often resulted in rallies from this zone toward the midpoint or upper boundary. If the price approaches $2.60, traders may look for signs of either rejection or continuation.

Macro Structure Suggests Ongoing Accumulation

A separate chart by ChartNerd presents a wider view of XRP’s market structure on the weekly timeframe. The asset remains within a trading range between $1.80 and $3.50. The recent bounce occurred near the Yearly Support Block, a zone that has held multiple times in recent months.

$XRP remains within its Trading Range (TR) after a successful bounce on the Yearly Support Block with another wick to the $1.80 vicinity. Suggesting we are still in a macro re-accumulation phase, which is occurring within the ETF era and institutional adoption/interest bonanza. pic.twitter.com/YSNzfUc06K

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