Crypto Michael Says XRP Is Now Just Days Away from This Breakout. Here’s why
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.
— Crypto Michael (@MichaelXBT) July 10, 2026
XRP Trades Near Channel Resistance
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.
Recent Recovery Strengthens the Setup
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.
Breakout Level Remains the Key Focus
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.
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.
Traders Watch for the Next 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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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