XRP News Today: XRP Breaks Above $2.3500 Level, Eyes Bullish Trajectory

XRP has entered a pivotal market phase, reaching the "Heavy Supply Zone" on the charts. This zone is situated above the "Range Resistant" band and the $2.3500 level, marking the upper end of its trading range. Historically, XRP has struggled to break through this zone, with price movements over the past few months showing repeated resistance at this level, followed by consolidation in the "Range Support" zone.

Analysts have noted the recent breakout above the descending red trendline as a significant technical move, pushing XRP into higher range territory. A sustained move above this zone could indicate a shift toward bullish control. EGRAG CRYPTO has identified $2.35 as a key breakout confirmation level. If XRP can maintain a position above this level, it could open the path toward the "Valhalla zone," a region beyond the heavy supply area.

However, analysts have also cautioned about the possibility of a throwback, where XRP might retest the support zone before resuming its upward momentum. The structure of XRP's price movement is clearly defined into zones. Below $2.00 sits the "Heavy Demand Zone," which has acted as a foundation during past price corrections. Between $2.00 and $2.3500 lies the "Range Support," where XRP has previously bounced.

EGRAG CRYPTO has emphasized the importance of the recent trading session, suggesting that it may confirm whether this breakout is sustainable. A failure to hold above key levels could send XRP back into the lower range, while successful consolidation above these levels could accelerate upward pressure. Currently, XRP is trading near the upper boundary of this structure at $2.76, reflecting a significant gain in the past 24 hours. Traders are closely watching the $2.3500 level as a significant pivot. If XRP holds above this level and avoids a pullback, the next target lies within the green "Heavy Supply Zone." A clean break here could signal the beginning of a new price trajectory.