- Expert highlights XRP’s critical resistance zone on monthly chart.
- XRP gains 30 percent in July amid rising breakout speculation.
- Chart mirrors 2024 rally pattern, signaling possible major move ahead.
XRP has reached a significant resistance level, attracting renewed interest from traders and analysts. According to respected trader DonAlt, the current price action marks a crucial moment that could determine XRP’s short-term trajectory.
The asset is now trading around $2.91 after gaining more than 30 percent in July. This latest move has brought XRP to a price zone last seen before its historic rally, which began in a similar consolidation area.
DonAlt called the present arrangement Decision time, meaning that a significant change might be on the cards.
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His shared chart circles the 2017 order block — a zone that previously served as a launchpad for XRP’s strongest breakout. The same zone is once again being tried now, and speculation is that the old rally pattern might recur.
In late 2024, DonAlt was one of the first to mention the price structure of XRP before the coin grew by 500 percent. The same pattern can be observed on the current chart, where the upward trend lasted multiple months, with the resistance subsequently being tightened.
Technical Pattern Mirrors Previous XRP Breakout Structure
Traders are watching closely to see if the asset will break above the resistance or face rejection. A successful breakout could suggest the beginning of a larger upward move. Failure of this level, however, may lead to a reversal or a prolonged lateral trend.
The technical setup is also getting comments as it looks similar to one of the previous breakout phases. An interplay between stacking and resistance tests has contributed to XRP’s best performance in the past. The same formation also seems to form again.
DonAlt’s minimal chart, with no price targets, has still captured market attention due to his past accuracy. The fact that he highlighted this zone again has added credibility to the possibility of another major move.
Source: DonAlt
Supported by a strong July performance and rising volume, the current resistance area is viewed as a decisive point for XRP. The price’s sensitivity to this area can set the tone for its future course.
Conclusion
XRP’s approach to a key resistance zone has become a central focus. The coming sessions may provide clarity on whether a breakout is underway or not.
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