XRP is sitting at a critical level. Crypto analyst Celal Kucuker (@CelalKucuker) posted a technical chart showing price action that supports a move to $2 before the month ends. The asset traded at $1.399 during the analysis, and the chart’s structure tells where things may go next.
Details of the Chart
The chart displays a descending channel with two clearly defined trendlines. XRP has been moving lower within this channel. It has formed lower highs consistently. There is a strong horizontal support level at $1.315. The asset has tested that zone numerous times and has held.
Above the current price, resistance clusters near $1.50 and $1.55. The chart also marks several Change of Character (CHoCH) signals, which indicate potential shifts in market structure. One bullish CHoCH appears near $1.50 during the asset’s recent surge, suggesting buyers stepped in at that level previously. A bearish CHoCH follows, showing sellers reasserted control.
$XRP bounced from a solid support level.
I believe $2 is within reach by the end of the month. pic.twitter.com/1qhvy17sYT
— Celal Kucuker (@CelalKucuker) October 9, 2026
Support Holds, and Eyes Turn Higher
The most recent price action shows a bounce off the $1.315 support. The descending channel’s upper trendline currently sits well above price, near the $1.70 to $1.80 range. A breakout above the channel would be a significant structural shift.
Until then, the price remains compressed between the channel resistance above and horizontal support below. Kucuker’s post states XRP “bounced from a solid support level” and expresses confidence that $2 is within reach by the end of the month.
The Path to $2
For XRP to reach $2, it needs to clear $1.55, break above the descending channel, and hold any retest of that breakout level. The CHoCH signals on the chart suggest the market has shown structural shifts before, and another one could accelerate a move higher. The $1.3150 support holding clean is the foundation of this setup.
Community Takes
Responses to the post reflected a range of views. One commenter agreed with the $2 target and suggested $2.16 was also achievable. The same commenter said $3.1 was possible by November.
One analyst noted the bounce looked strong but raised a concern about open interest dropping 5.9% while long positions remained stacked at 2 to 1. He added that negative funding means shorts are getting paid to hold, which raises questions about buying conviction at current levels.
One commenter pushed back on the $2 timeline, noting that a bounce does not constitute a monthly move and identifying $1.45 and $1.55 as levels still in play.
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.
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