NewsBTC
Jan 20, 2026
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XRP Holds Bullish Structure Above $1.30 Amidst Market Fluctuations

XRP is showing resilience despite rejection near recent highs, maintaining a bullish bias as long as it stays above $1.30. This suggests the latest pullback may be a consolidation phase rather than a reversal.

Multi-Year Breakout and Future Prospects

  • XRP trades above a confirmed multi-year breakout zone after a prolonged accumulation phase.
  • A decisive breakout from a descending wedge since 2020 led to a 600% rally from $0.60, reinforcing the bullish trend.
  • The price respects a key demand zone between $1.90 and $1.30, crucial for maintaining the bullish structure.
  • Targets are set at $3.50, $5.00, $8.70, and potentially above $10, with a close below $1.30 invalidating the bullish outlook.

XRP

Trendline Structure and Market Behavior

  • The broader trendline structure remains intact despite rejection around $2.37.
  • Early weakness noted in momentum indicators did not lead to a structural breakdown.
  • XRP's relative strength stands out, rebounding quickly during an ETH-led market flush, indicating capital rotation into stronger assets.
  • The bias stays constructive if the trendline holds and the price reclaims value above the range Point of Control (POC).

XRP