XRP’s $23 Target Depends on a Break Above Resistance
The 2016 comparison includes five consecutive losing months, while current resistance and overhead supply leave the long-range target speculative.
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The 2016 comparison includes five consecutive losing months, while current resistance and overhead supply leave the long-range target speculative.
The rally’s next test is whether buyers can absorb the largest concentration of long-term-holder coins and keep price above the zone.
The move flips a key resistance zone back into bulls' hands, and traders will now watch whether $87,000 holds as support on any retest.
The level defines the next directional break: clearing it shifts long-term market structure bullish, while rejection puts recent longs under pressure.
With the 2019 breakout and 2023 rejection fractals both live, the next weekly close will decide whether BTC reclaims resistance or slides back toward the 20-week MA near $70K.
The chain beat Solana's $10.6B and Ethereum's $5.8B in weekly DEX flow, but the price still needs to clear the $620 to $646 resistance before any breakout call sticks.
The reclaim puts the $63K level back on the table as a defended support, but $65K remains the line that separates a relief bounce from a real trend change.
The level matters because $62,000 had flipped from support into resistance over the prior week; a clean reclaim usually brings the next resistance band into focus rather than confirming a new leg…
A clean break above $80K this week would put $90K within range — but the pattern of weekend resets tied to geopolitics is the resistance nobody's pricing in.
Midterm-year pattern, the XLE/oil macro overlap, and a 2018 chart that lines up almost too cleanly: the resistance band is rarely a launch pad, and the analyst behind the channel isn't calling this…
Bitcoin ran into supply at the $80,000 level, triggering a pullback that at least one analyst characterises as a pause…
Three rejections at the $79K–$80K band in successive weeks are starting to look like distribution, not accumulation — and dense sell-side liquidity between $78K and $80K is doing the work of overhead…