Top Trader Says XRP Is Coiling for a Breakout. Here Are the Signs

XRP has entered a decisive period as price tightens between a major support level and a year-long descending trendline.

XRP investor and trader Josiah Gallegos (@josiahmarqus) shared a chart highlighting the current setup, with price trading near $1.09 while testing multiple technical levels. The chart suggests the next move could determine the token’s short-term direction as July begins.

XRP Trades Between Support and Resistance

Gallegos said XRP is “coiling tightly” between key support around $1 and the major year-long downtrend line. His chart marks the current price action within a highlighted circle, showing XRP approaching the point where support and resistance converge. That combination has placed traders on alert for a potential breakout if buying pressure continues to build.

The daily chart shows the descending trendline extending from the asset’s all-time high in July 2025. XRP has repeatedly traded below that resistance, making it the most important level on the chart. Gallegos noted that a breakout with strong volume “could deliver the breakout many in the XRP community have been waiting for.”

Additional Confirmation

The chart also shows XRP testing its 50-day moving average. He added that pushing above it would help strengthen the bullish case. A successful move above both the moving average and the descending trendline would improve the technical outlook.

A longer-term moving average near $1.51 remains above the current price. If XRP clears the descending resistance, traders may watch that area as another important technical level. For now, the immediate attention remains on the resistance zone as buyers attempt to build momentum above the 50-day moving average.

July Could Add Momentum

Gallegos also noted that July has historically been a strong month for XRP. He said the potential passage of the CLARITY Act could provide a regulatory tailwind that supports a shift in market sentiment. Those factors add another element to the current technical setup as traders monitor price action throughout the month.

Breakout Setup Nears a Decision Point

The chart shows XRP continuing to hold above the $1 support level while pressing against the year-long descending trendline. The tightening price action, combined with the test of the 50-day moving average, has created a pivotal technical setup.

Gallegos closed his post by telling the XRP community to “stay strong and patient,” adding that the market is at “an important pivotal moment.” A move above the descending trendline with stronger volume would confirm the breakout scenario outlined in his analysis.

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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