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Coinpaper 2026-01-03 07:27:43

XRP Jumps Above $2 as Market Watches $3.20 for Trend Confirmation

XRP Jumps Above $2 as Market Watches $3.20 for Trend Confirmation

XRP jumped back to the $2 level on Jan. 2, then traders shifted focus to whether it can flip $2.10 into support for a larger push. XRP Reclaims $2 Level in Early January Trading XRP climbed back above the $2 mark on Jan. 2, extending a late-week advance after several days of sideways movement. The token traded as high as about $2.05 during the session before easing slightly, according to CoinCodex data, marking its strongest price level since late December. XRP Price Breaks Above $2 on Jan. 2. Source: CoinCodex Earlier in the week, XRP moved within a narrow band between roughly $1.83 and $1.90. During that period, price action showed overlapping candles and limited follow-through, which pointed to consolidation rather than a clear trend. On Dec. 31, a brief dip toward the lower end of the range failed to hold, and price quickly recovered, suggesting short-term support remained intact. Structurally, the chart shows a transition from range-bound trading into a short-term breakout attempt. The $2 level now acts as a key reference point. Holding above it would keep the recent upside move intact, while a drop back below could place price back into the earlier consolidation zone. As of the latest reading, XRP traded near $2.03, with market capitalization around $123 billion and 24-hour volume close to $5.9 billion. Swiss Trader Points to $3.20 Flip as Key XRP Trigger In a post on X, trader Swiss, known as @swisstrader09, said XRP shows a “clean structure” on higher time frames, with the $2.10 level acting as the key line between continuation and further consolidation. XRP U.S. Dollar 3-Day Binance Chart. Source: swisstrader09 via X The TradingView chart shared by Swiss shows XRP breaking out of a descending trendline that guided price lower for several months. Price has now moved back into a former support and resistance band around $2.05–$2.10, highlighted as a decision zone. According to the chart, sustained trading above this area would signal a structural flip, rather than a short-lived bounce, following repeated rejections in late 2025. Swiss noted that confirmation remains necessary before taking action. The chart projects a potential move toward the $3.30–$3.40 region if XRP flips $2.10 into support and consolidates above it. That target aligns with a prior horizontal resistance zone from earlier market cycles. Until such confirmation appears, price action remains in a transition phase rather than a confirmed trend continuation.

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