XRP is showing early signs of a strong recovery after weeks of consolidation. XRP Captain (@UniverseTwenty) recently shared a chart showing that the asset has been trading within a descending channel since mid-2025.
The price recently touched the lower boundary of this channel near $1.40. This support level has held multiple times, suggesting that sellers have been unable to push the price lower.
The analyst highlighted the potential for a major upward move. According to the chart, the price is testing the lower trendline, which has acted as a reliable base for rebounds. The proximity to this support level suggests that the market is positioning for a decisive move.
#XRP 5$ before end of month. pic.twitter.com/3cR5nnc3Lp
— XRP CAPTAIN (@UniverseTwenty) March 5, 2026
The Current Technical Structure
The descending channel is well-defined, with consistent highs and lows forming parallel trendlines. Each rally within the channel met a resistance near the upper boundary, while dips have consistently found support near the lower boundary. The recent candle shows reduced selling pressure, as indicated by smaller wicks and bodies compared to previous weeks.
XRP Captain’s chart analysis signals that the next movement could break the downward trend. A breakout above the channel’s upper trendline would confirm a reversal of the weekly bearish structure with a $5 target before the end of March.
The chart includes an upward trajectory targeting levels above $5 in the near term. This projection aligns with the timing of the current channel bottoming.
Short-Term Outlook
Momentum indicators suggest a rising trend. Weekly candlesticks show stabilization near support, while volumes are beginning to pick up. XRP Captain emphasized that this setup has historically led to rapid upside once confirmed by a breakout. The key level to watch is around $1.50 to $1.55. A sustained move above this point could trigger further buying pressure.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
If the price breaks above the channel, XRP could accelerate toward $5 and higher resistance levels. The chart indicates that the channel’s upper boundary is near $2, which could act as the first target for buyers. The consolidation period has allowed the market to digest previous gains, creating conditions for a powerful recovery.
What’s Next for XRP?
Investors should monitor weekly closes for confirmation. A weekly close above the descending channel would mark the end of the consolidation phase and signal the start of a potential rally. XRP Captain’s analysis highlights that timing and structure are critical.
The current setup positions XRP for strong upward movement. With support near $1.40 and resistance near $2, the market is preparing for a breakout. Technical signals and chart structure offer a clear path to $5, and XRP Captain believes the asset can achieve this before the month ends.
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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