XRP Breaks Out of Support Channel: Analyst Sees $2.60 Target

A strong rebound from a key support zone in XRP’s price chart has ignited renewed interest from traders who are now closely monitoring the next technical hurdle. After hitting the lower boundary of a long-term descending channel, XRP experienced a significant jump in price. This action has sparked speculation about the potential for a broader market recovery. Market analyst Ali highlighted this rebound on X (formerly Twitter), pointing out that XRP bounced directly off the channel’s lower edge on the three-day chart. This reaction suggests a possible move toward the midpoint of the structure, near $2.60. ]