- XRP achieved its first quarterly close above resistance since 2017, highlighting a long-term technical breakthrough.
- RSI at 66.02 and alignment with the MACD are both technical indicators that confirm a steady momentum without any overbought pressure.
- The support of $2.82 is still crucial since traders are observing the long term strength after the break out above the resistance.
XRP recorded a bullish quarterly close above resistance for the first time since 2017, marking a significant technical development. The price is currently trading at $2.93 after gaining 3.1% in the past 24 hours. This quarterly close highlights a structural shift as XRP pushes through a multi-year ceiling. Traders are closely monitoring whether this setup could establish a sustained breakout.
XRP Breaks Multi-Year Resistance With First Quarterly Close in Six Years
For the first time in six years, XRP has secured a quarterly close above the $2.95 resistance zone. The last similar formation occurred in 2017, when the token also broke long-term resistance.
The current breakout level aligns with the same setup, but the market has shifted considerably since then. The resistance tested at $2.95 represents an important threshold. On the downside, immediate support rests at $2.82.
Technical Indicators Show Steady Momentum
The indicators in the market support the persistent bullish formation. The Relative Strength Index (RSI) on the hourly chart is 64.24 which indicates moderate strength with the lower value being 52.04. The levels indicate that there is no excessive overbought pressure and the momentum is constant.
Source: TradingView
More so, the Moving Average Convergence Divergence (MACD) also shows that there is still a buying process with the blue line at 0.0161 above the red signal line at 0.0040. This correspondence favors short-term bullish action.
XRP Marks First Quarterly Close Above Long-Term Resistance
XRP’s market structure is drawing comparisons to its 2017 breakout phase. The present price levels, however, carry stronger liquidity and a more defined trading range. The current chart patterns reveal consistent higher lows forming over recent quarters.
With resistance now tested and closed above, XRP is showing signs of breaking through long-standing barriers. Support at $2.82 remains a key safety level for traders watching potential pullbacks.
XRP’s quarterly close above $2.95 marks a key technical shift, supported by steady momentum indicators. With $2.82 acting as firm support, traders continue monitoring whether sustained strength develops beyond this breakout, reinforcing attention on near-term price behavior.
