Coinpaper
2026-01-03 07:27:43

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.

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.