The post Can Bulls Reclaim All-Time Highs? appeared on BitcoinEthereumNews.com. Key Insights: XRP faces strong resistance at $2.70, a breakout could open a path toward $3.10 and beyond. Price holds above key Fibonacci supports at $1.61 and $2.25 despite recent sharp sell-off. Falling channel remains intact, next move above or below will shape XRP’s short-term direction. XRP Eyes $2.70 Breakout: Can Bulls Reclaim All-Time Highs? XRP was trading at $2.50 after a sharp pullback earlier in the week. Over the past 24 hours, the price has edged up 2.1%, though it remains down 12.9% over the last seven days. The recent drop brought XRP near $2.30 before buyers stepped in. The token continues to move within a falling channel that has shaped the trend for several weeks. This pattern is formed by downward-sloping support and resistance lines. The bounce from the lower boundary suggests buyers are active at that level, but the trend remains controlled by sellers. $2.70 Resistance Remains a Barrier The area between $2.70 and $2.73 has become the main level to watch. It marks previous breakdown support and lines up with the midpoint of the current channel. A move above this zone could shift the short-term direction and allow room for further gains. Chart analyst ChartNerd stated,  “$2.70 is the resistance bulls need to clear to set up a move back toward the all-time highs.”  The price has tested this area before but has yet to close above it with strength. A clear breakout could set the stage for a push toward $3.10 and, beyond that, the 2021 peak near $3.80. Key Fibonacci Levels Still Hold On the monthly chart, XRP is holding above two important Fibonacci retracement levels—0.786 at $1.61 and 0.886 at $2.25. These levels have acted as a floor during recent selling and have not yet been broken on a closing basis. A deep… The post Can Bulls Reclaim All-Time Highs? appeared on BitcoinEthereumNews.com. Key Insights: XRP faces strong resistance at $2.70, a breakout could open a path toward $3.10 and beyond. Price holds above key Fibonacci supports at $1.61 and $2.25 despite recent sharp sell-off. Falling channel remains intact, next move above or below will shape XRP’s short-term direction. XRP Eyes $2.70 Breakout: Can Bulls Reclaim All-Time Highs? XRP was trading at $2.50 after a sharp pullback earlier in the week. Over the past 24 hours, the price has edged up 2.1%, though it remains down 12.9% over the last seven days. The recent drop brought XRP near $2.30 before buyers stepped in. The token continues to move within a falling channel that has shaped the trend for several weeks. This pattern is formed by downward-sloping support and resistance lines. The bounce from the lower boundary suggests buyers are active at that level, but the trend remains controlled by sellers. $2.70 Resistance Remains a Barrier The area between $2.70 and $2.73 has become the main level to watch. It marks previous breakdown support and lines up with the midpoint of the current channel. A move above this zone could shift the short-term direction and allow room for further gains. Chart analyst ChartNerd stated,  “$2.70 is the resistance bulls need to clear to set up a move back toward the all-time highs.”  The price has tested this area before but has yet to close above it with strength. A clear breakout could set the stage for a push toward $3.10 and, beyond that, the 2021 peak near $3.80. Key Fibonacci Levels Still Hold On the monthly chart, XRP is holding above two important Fibonacci retracement levels—0.786 at $1.61 and 0.886 at $2.25. These levels have acted as a floor during recent selling and have not yet been broken on a closing basis. A deep…

Can Bulls Reclaim All-Time Highs?

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Key Insights:

  • XRP faces strong resistance at $2.70, a breakout could open a path toward $3.10 and beyond.
  • Price holds above key Fibonacci supports at $1.61 and $2.25 despite recent sharp sell-off.
  • Falling channel remains intact, next move above or below will shape XRP’s short-term direction.
XRP Eyes $2.70 Breakout: Can Bulls Reclaim All-Time Highs?

XRP was trading at $2.50 after a sharp pullback earlier in the week. Over the past 24 hours, the price has edged up 2.1%, though it remains down 12.9% over the last seven days. The recent drop brought XRP near $2.30 before buyers stepped in.

The token continues to move within a falling channel that has shaped the trend for several weeks. This pattern is formed by downward-sloping support and resistance lines. The bounce from the lower boundary suggests buyers are active at that level, but the trend remains controlled by sellers.

$2.70 Resistance Remains a Barrier

The area between $2.70 and $2.73 has become the main level to watch. It marks previous breakdown support and lines up with the midpoint of the current channel. A move above this zone could shift the short-term direction and allow room for further gains.

Chart analyst ChartNerd stated, 

The price has tested this area before but has yet to close above it with strength. A clear breakout could set the stage for a push toward $3.10 and, beyond that, the 2021 peak near $3.80.

Key Fibonacci Levels Still Hold

On the monthly chart, XRP is holding above two important Fibonacci retracement levels—0.786 at $1.61 and 0.886 at $2.25. These levels have acted as a floor during recent selling and have not yet been broken on a closing basis.

A deep wick on the current monthly candle shows that price briefly dipped to $2.25 before reversing. According to Cantonese Cat, this was a “scary deleveraging event that retail didn’t really get a chance to buy.” This suggests the drop may have been driven by liquidations, not a lack of interest.

Source: Cantonese Cat/X

Direction Hinges on $2.70 Break

XRP continues to trade within a downward-sloping structure. Until $2.70 is broken, the pattern remains intact. Traders are watching for a breakout or another rejection at that level.

If the price pushes above $2.70 and holds, the path toward $3.10 becomes more likely. On the other hand, failure to stay above $2.30 could lead to renewed pressure, with the next support near $2.10. The next move will likely decide whether XRP shifts from consolidation into a stronger trend.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Source: https://coincu.com/analysis/xrp-eyes-2-70-breakout/

Market Opportunity
BULLS Logo
BULLS Price(BULLS)
$334.86
$334.86$334.86
+1.91%
USD
BULLS (BULLS) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Here’s How Consumers May Benefit From Lower Interest Rates

Here’s How Consumers May Benefit From Lower Interest Rates

The post Here’s How Consumers May Benefit From Lower Interest Rates appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday opted to ease interest rates for the first time in months, leading the way for potentially lower mortgage rates, bond yields and a likely boost to cryptocurrency over the coming weeks. Average long-term mortgage rates dropped to their lowest levels in months ahead of the central bank’s policy shift. Copyright{2018} The Associated Press. All rights reserved. Key Facts The central bank’s policymaking panel voted this week to lower interest rates, which have sat between 4.25% and 4.5% since December, to a new range of 4% and 4.25%. How Will Lower Interest Rates Impact Mortgage Rates? Mortgage rates tend to fall before and during a period of interest rate cuts: The average 30-year fixed-rate mortgage dropped to 6.35% from 6.5% last week, the lowest level since October 2024, mortgage buyer Freddie Mac reported. Borrowing costs on 15-year fixed-rate mortgages also dropped to 5.5% from 5.6% as they neared the year-ago rate of 5.27%. When the Federal Reserve lowered the funds rate to between 0% and 0.25% during the pandemic, 30-year mortgage rates hit record lows between 2.7% and 3% by the end of 2020, according to data published by Freddie Mac. Consumers who refinanced their mortgages in 2020 saved about $5.3 billion annually as rates dropped, according to the Consumer Financial Protection Bureau. Similarly, mortgage rates spiked around 7% as interest rates were hiked in 2022 and 2023, though mortgage rates appeared to react within weeks of the Fed opting to cut or raise rates. How Do Treasury Bonds Respond To Lower Interest Rates? Long-term Treasury yields are more directly influenced by interest rates, as lower rates tend to result in lower yields. When the Fed pushed rates to near zero during the pandemic, 10-year Treasury yields fell to an all-time low of 0.5%. As…
Share
BitcoinEthereumNews2025/09/18 05:59
Tunis–Carthage Airport Expansion Targets Capacity Surge

Tunis–Carthage Airport Expansion Targets Capacity Surge

Tunisia’s Tunis–Carthage airport expansion is set to transform the country’s aviation capacity as authorities plan a $1 billion investment to significantly increase
Share
Furtherafrica2026/03/10 13:00
Hoskinson to Attend Senate Roundtable on Crypto Regulation

Hoskinson to Attend Senate Roundtable on Crypto Regulation

The post Hoskinson to Attend Senate Roundtable on Crypto Regulation appeared on BitcoinEthereumNews.com. Hoskinson confirmed for Senate roundtable on U.S. crypto regulation and market structure. Key topics include SEC vs CFTC oversight split, DeFi regulation, and securities rules. Critics call the roundtable slow, citing Trump’s 2025 executive order as faster. Cardano founder Charles Hoskinson has confirmed that he will attend the Senate Banking Committee roundtable on crypto market structure legislation.  Hoskinson left a hint about his attendance on X while highlighting Journalist Eleanor Terrett’s latest post about the event. Crypto insiders will meet with government officials Terrett shared information gathered from some invitees to the event, noting that a group of leaders from several major cryptocurrency establishments would attend the event. According to Terrett, the group will meet with the Senate Banking Committee leadership in a roundtable to continue talks on market structure regulation. Meanwhile, Terrett noted that the meeting will be held on Thursday, September 18, following an industry review of the committee’s latest approach to distinguishing securities from commodities, DeFi treatment, and other key issues, which has lasted over one week.  Related: Senate Draft Bill Gains Experts’ Praise for Strongest Developer Protections in Crypto Law Notably, the upcoming roundtable between US legislators and crypto industry leaders is a continuation of the process of regularising cryptocurrency regulation in the United States. It is part of the Donald Trump administration’s efforts to provide clarity in the US cryptocurrency ecosystem, which many crypto supporters consider a necessity for the digital asset industry. Despite the ongoing process, some crypto users are unsatisfied with how the US government is handling the issue, particularly the level of bureaucracy involved in creating a lasting cryptocurrency regulatory framework. One such user criticized the process, describing it as a “masterclass in bureaucratic foot-dragging.” According to the critic, America is losing ground to nations already leading in blockchain innovation. He cited…
Share
BitcoinEthereumNews2025/09/18 06:37