XRP has spent the last several hours trading in a tight range, creating the kind of quiet price action that often precedes a decisive intraday move. While broader market sentiment remains mixed, short-term traders are now zeroing in on a technical shift that could signal renewed upside momentum.
In a recent post on X, Bird (@Bird_XRPL) highlighted a developing bullish structure on XRP’s hourly chart that suggests the market may be preparing for a move back above the $2.00 level. Rather than focusing on speculation, Bird pointed to a specific breakout-and-backtest formation that traders often view as a confirmation signal.
A Downtrend Break That Changes the Structure
On the one-hour timeframe, XRP had been trading beneath a clearly defined downward-sloping trend line, which acted as consistent resistance following a local high. Each attempt to rally met rejection, reinforcing bearish control over the short-term structure. That dynamic began to shift when price pushed decisively above the trend line, signaling a potential break in the prevailing downtrend.
XRP breakout and backtest on the hourly, done.
We may very well get a pump today back above $2+ pic.twitter.com/uT44PfiBp4
— Bird (@Bird_XRPL) January 27, 2026
Instead of rushing higher, XRP pulled back toward the former resistance area. This move allowed the market to test whether buyers could defend the level that previously capped price action. The successful retest marked a key structural change, as the trend line began to act as support rather than resistance.
Why the Backtest Strengthens the Bullish Case
Breakouts often fail without confirmation, but a clean backtest improves the reliability of the signal. XRP held firm around the $1.88–$1.90 region during the retest, suggesting buyers stepped in to absorb selling pressure. This behavior indicates growing confidence among bulls and reduces the likelihood of a false breakout.
Bird noted that this structure typically precedes continuation moves when price holds above the reclaimed level. As long as XRP remains above the former trend line, the bullish setup stays intact and favors further upside.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
The Path Back Toward $2
With price stabilizing near $1.88 at the time of analysis, XRP sits within striking distance of the psychologically important $2.00 mark. A sustained push higher, especially with increased volume, could quickly carry the price back above that level. Reclaiming $2 would shift intraday sentiment and attract momentum traders who often respond to round-number breakouts.
However, the setup depends on continued support from the holding firm. A move back below the reclaimed trend line would weaken the bullish case and signal that sellers have regained short-term control.
What Traders Should Watch Next
In the hours ahead, traders will closely monitor how XRP behaves around the $1.88–$1.90 zone. Continued consolidation above this area supports the breakout narrative, while strong follow-through could validate a near-term move above $2. For now, the hourly chart suggests momentum may be quietly turning in XRP’s favor, making today a session worth watching closely.
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 urged to do in-depth 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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