XRP has finally broken free from its prolonged downtrend after 66 days of decline. Market analyst Ash Crypto believes that this decisive technical breakout marks a shift in XRP's market structure, signaling that selling pressure has weakened and bullish momentum is returning.
The key level to watch now is $1.13, the former resistance that had capped every rally since late May. If XRP can hold above this level, it will confirm it as a new support level and validate the breakout. Analyst Ali Martinez believes that once this level is confirmed, $1.30 will be the next major target.
The improving technical picture is already being reflected in the market, with XRP trading at $1.15, up over 5% in the past 24 hours. This renewed investor confidence follows a classic bullish reversal formation known as a triple-bottom pattern, which suggests bears are losing momentum while buyers steadily absorb selling pressure.