XRP Springs Back to Life off Major Support

⚡ KEY TAKEAWAYS

XRP bounced off long-term channel support in a pattern that often precedes mid-range rallies.
The next key target is the channel midpoint near $2.60.
A higher low and stronger volume will determine whether a larger recovery forms.

XRP may have just executed one of its cleanest technical bounces of the year, and traders are now watching whether this rebound marks the start of a larger recovery leg. A fresh chart shows XRP tapping the bottom of a long-standing channel before snapping upward.

Historically, this move precedes mid-range and even full-range rallies, and puts the next logical target around $2.60, the midpoint of the channel that had guided XRP’s price structure throughout 2025, according to the analysis shared by popular cryptocurrency expert Ali Martinez on November 26.

*XRP movement analysis. Source:* *Ali Martinez*

Classic Channel Bounce With Clear Upside

The setup is straightforward but powerful. XRP dropped directly into channel support, price reacted immediately with a sharp upward wick, and historical behavior suggests a climb toward the mid-channel region next. Martinez noted that XRP “bounced off the bottom of the channel,” which often signals that bearish momentum is exhausted, at least for now.

The midpoint at $2.60 has acted as both resistance and equilibrium throughout the year. If XRP can reclaim that level, it would confirm that buyers are back in control and that the broader structure remains intact despite recent volatility.

XRP Price Analysis

For the time being, XRP is changing hands at the price of $2.17, recording a 0.62% decline in the last 24 hours, having gained 1.69% across the previous seven days, and accumulating a loss of 16.83% on its monthly chart, according to the latest data.

*XRP 7-day price chart. Source:* *CoinMarketCap*

Next, the traders will be watching whether XRP prints a higher low, a daily close above the minor resistance band, and strength returning to volume on the next push higher. If XRP fails to break above $2.60, the asset may simply remain range-bound.

But if momentum accelerates, possibly under the influence of positive news like the U.S. spot XRP exchange-traded funds (ETFs) bringing $164 million in inflows on the first trading day, the upper channel remains in play later in the cycle.