XRP News Today: XRP Eyes Breakout as Sell Walls Vanish Above $5.20

XRP appears to be at a pivotal juncture, with crypto analyst STEPH IS CRYPTO highlighting that all sell walls above the $5.20 level have now dissipated. This development suggests that the cryptocurrency could be on the verge of a sharp upward move, particularly if buyers manage to overcome key resistance levels [1]. The asset has been trading in a narrow technical range, with price action reflecting growing underlying momentum.

At present, XRP is trading at $3.07, having fluctuated between $2.95 and $3.08 in the last 24 hours. This price movement demonstrates a gradual yet determined recovery, with strong support forming just below $3.00. Market participants are actively defending this level, using it as a base for multiple attempts to push higher [1]. Despite these efforts, XRP remains unable to break through the $3.10 to $3.14 resistance zone, which has repeatedly capped its upside in recent sessions [1].

However, the market structure is beginning to show signs of change. Each failed attempt to break above this range has come with diminishing volume, a signal that sellers may be thinning out. This pattern indicates that the next breakout could gain significant momentum if successful [1].

Technically, the chart over the past month has formed a bullish continuation pattern, resembling the handle of a classic cup-and-handle formation. A decisive breakout above $3.15 would likely validate this pattern, with projected target zones extending well beyond $4.50, and $5.20 emerging as the next critical price level [1]. The removal of large-scale sell walls above $5.20, as noted by STEPH IS CRYPTO, aligns with order book data showing increasingly thin liquidity between $3.50 and $5.20 on certain exchanges [1]. This thin liquidity suggests that once XRP clears its immediate resistance, price discovery could become aggressive and rapid.

Support levels remain key to monitoring. The most immediate is between $2.90 and $2.95, which has served as a base during recent pullbacks. A more critical support level lies at $2.65, coinciding with the 50% Fibonacci retracement of the latest rally. If this level is breached, it would significantly undermine the current bullish narrative and could lead to deeper corrections toward the mid-$2.00s [1].

On-chain liquidity and price behavior continue to indicate accumulation rather than distribution, pointing to ongoing bullish intent among market participants [1]. As buy-side interest gains traction and resistance levels weaken, the conditions appear increasingly favorable for a significant upward move.

Should bulls succeed in breaking through the $3.14 ceiling, the path to $4.00—and eventually $5.20—becomes more plausible, especially in an environment where order books are already thin [1]. According to STEPH IS CRYPTO, this scenario could result in a swift and sharp ascent [1]. While external factors could still influence sentiment, the chart alone paints a compelling picture of a potential breakout.

Sources:

[1] No Sell Walls Left Above $5.20 for XRP. Here's What Is ... - [https://timestabloid.com/no-sell-walls-left-above-5-20-for-xrp-heres-what-is-coming/](https://timestabloid.com/no-sell-walls-left-above-5-20-for-xrp-heres-what-is-coming/)

[2] CrusaderX (@CrusaderStocks) / X - [https://x.com/crusaderstocks](https://x.com/crusaderstocks)

[3] Ray (@SerezoFO) / X - [https://x.com/SerezoFO](https://x.com/SerezoFO)