XRP has jumped almost 26% since November 21, but the move has been quiet because the price keeps getting stuck at one level. Now the structure looks more interesting. Buying pressure on exchanges has surged massively in the past eight days, and the latest bearish hit failed to push the XRP price under support.
XRP is sitting just below the major barrier that has capped every attempt since mid-November. If this level breaks, the entire trend can flip.
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Support Intact as the Falling Wedge Holds
XRP price continues to trade inside a falling wedge, a bullish pattern that narrows while the price moves lower. Wedges like this usually break upward once buyers show strength.
The lower band at $2.14 has absorbed every sell attempt since November 25. Even when the bearish crossover between the 100-day and 200-day EMA (Exponential Moving Average) was completed, XRP did not break down. An EMA is a moving average that gives more weight to recent candles, and bearish crossovers normally add pressure. The fact that the price held firm shows that sellers lacked momentum.
At the same time, the XRP price has begun making higher volume pushes. The On-Balance Volume (OBV) line broke above the descending trendline that capped volume since November 10. OBV measures whether volume enters or exits a token. A breakout means more volume is entering the market. This shift often appears just before key resistance breaks.
However, a breakout confirmation is needed. OBV needs to make a higher high by crossing above its immediate resistance level of 6.64 billion.
Volume Breakout: TradingViewWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
To unlock the bullish move, the XRP price still needs a clean close above $2.28. That level has blocked every upside attempt since November 17.
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Exchange Outflows Signal Heavy Accumulation
On-chain flow data now supports the bullish case. Exchange net position change — which shows whether tokens are entering or leaving exchanges — flipped deeply negative on November 19. Negative (red) readings mean tokens are leaving exchanges, which signals buying pressure.
On November 19, XRP outflows were about –59.32 million tokens. By November 27, the number hit –650.45 million. That is a surge of almost 1000% in eight days. When outflows rise this fast inside a tight range, it usually means large buyers are accumulating.
Buying Pressure Surges: GlassnodeThis explains why the $2.14 floor never cracked even after the bearish EMA crossover.
Key Levels Decide Whether XRP Price Finally Breaks Out
The range remains narrow. The first and most important level is $2.28. It has been a strong resistance since November 17. If XRP closes above this line with rising volume, the next major target becomes $2.55, which is above the upper trendline of the wedge. A breakout above $2.55 would flip the broader structure bullish and could even confirm trend reversal.
If the XRP price fails and breaks under $2.14, the next support sits near $2.02. Losing that level delays any breakout. However, that would require a surge in selling pressure and mean that the OBV breakout failed to gain momentum.
XRP Price Analysis: TradingViewFor now, the setup leans bullish. Buying pressure is up almost 1000%. Volume has started to shift upward. Price continues to defend support. If XRP gains just 2% more and clears $2.28, it can finally break a ceiling that has held for over ten days — and start a new leg higher.
Source: https://beincrypto.com/xrp-price-buying-spike-breakout-level/
