XRP Surges 15% After Breaking Downtrend, Targets Channel Resistance

2026-01-05 12:38:25

⬤ XRP has staged a sharp recovery after holding firm at a key channel support level, breaking above the downward trend that had been capping price action. This bounce from support has already delivered around 15% gains. The technical setup shows XRP responding positively from the lower boundary of a broad price channel and building upward momentum heading into early 2026.

⬤ The rebound came after XRP rejected from the channel floor—a zone previously identified as crucial support. Following that bounce, the token pushed through the descending trendline that had defined the prior decline. The breakout triggered continued upside movement, with the 15% rally clearly visible on the chart as price climbs while staying within the wider horizontal range.

⬤ If momentum holds, the next technical levels to watch are the mid-channel zone followed by the upper channel boundary. These levels represent key structural resistance points within the current trading range. Traders are monitoring how XRP responds to these recurring technical zones to gauge whether the uptrend has staying power.

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