XRP Breaks Major Trendline, Analyst Says We Play for the Big Moves

Gordon, a self-proclaimed crypto multi-millionaire, shared an update on X, focusing on XRP’s recent technical performance.

In his post, he stated, “XRP with a HUGE flip of a weekly trendline. We play for the BIG moves. Do you understand?” Alongside the message, he attached a weekly candlestick chart that displayed a clear breakout above a long-standing descending trendline.

The chart indicated a notable shift in market structure, with the trendline now appearing to act as support rather than resistance. An upward arrow on the chart visually suggested expectations of continued gains if current momentum holds.

Market Context and Community Commentary

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Following Gordon’s post, an X user identified as “It’s Taztouz” provided additional commentary, offering specific targets and context.

The statement suggested that $3.80 is the immediate technical level to watch, with a potential range of $4.50 to $5.00 in light of various positive developments to come as a result of the conclusion of the Ripple and SEC case.

Technical Details from the Chart

The attached chart shows XRP on a weekly timeframe, with price action overcoming a descending resistance line that had been in place for multiple months. Following the breakout, several weekly candles have consolidated just above this trendline, indicating an attempt to confirm it as a new support level.

Gordon’s description of a “flip” refers to this change in role from resistance to support. The chart suggests that holding above the trendline could lead to further upside movement, in line with the targets mentioned by It’s Taztouz.

Based on the viewpoints expressed, both Gordon and the responding user see the technical breakout as a significant development for XRP. Gordon’s focus remains on the chart structure and the potential for “big moves,” while It’s Taztouz connects the price outlook to an improved regulatory position and emerging ecosystem developments.

The shared expectation is that a confirmed break above $3.80 could accelerate momentum toward higher targets, with $5 identified as a potential price milestone for 2025.

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