XRP 1D – Major Support Bounce Inside Channel, Will Range Hold?XRP just defended a critical long-term support zone near $2.70 — aligning perfectly with the mid-channel range and previous breakout level. After rejecting from multi-month resistance around $3.15, price has returned to structure for a potential higher low.
🔹 Structure & Range
The macro channel (white lines) has guided price action for over 9 months.
XRP recently tagged the upper boundary, rejected, and pulled back into support around $2.70.
This zone was tested multiple times historically — it now serves as a pivot for continuation vs. reversal.
🔹 Momentum Signal
The Stoch RSI is printing a bullish cross from oversold — a classic confluence for reversal setups.
If the support zone holds, we could see price attempt another run at the $3.15–$3.30 resistance and eventually challenge the upper trendline.
🔹 Macro Outlook
Holding this structure = bullish midterm continuation.
Losing it opens the door for a drop back toward $2.00–$2.25, where the lower channel support sits.
Will XRP defend this channel — or is a breakdown back to $2.00 inevitable?
Drop your analysis in the comments 👇
