Loading XRP Breakout? All eyes on the crucial $2.60 level

XRP remains above $2 as traders look for a move towards $2.60, while whale selling and low open interest indicate cautious market activity.

Analysts are now watching to see if it can maintain its recent recovery and move towards the $2.60 level, which is near the midpoint of its broader trading range.

Price recovers from support with eyes at $2.60

A chart shared by Ali Martinez shows XRP recovering from the bottom of a horizontal price channel. This support level, which is just below $2.00, has acted as a reliable zone on previous moves. According to to Ali

“XRP bounced off the bottom of the channel and could head towards the midpoint around $2.60.”

The setup indicates that Ripple’s token remains in a wide sideways structure. Past moves have often resulted in rallies from this zone towards the midpoint or upper limit. As the price approaches $2.60, traders can look for signs of rejection or continuation.

Macrostructure suggests continuous accumulation

A separate chart from ChartNerd provides a broader view of XRP’s market structure on the weekly time frame. The asset remains within a trading range between $1.80 and $3.50. The recent uptick occurred near the Yearly Support Block, an area that has held out several times in recent months.

$XRP remains within its trading range (TR) after a successful jump on the annual support block with a new fuse to near $1.80. This suggests that we are still in a macro reaccumulation phase, which is happening in the ETF era and the institutional adoption/interest rate bonanza. pic.twitter.com/YSNzfUc06K

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) November 26, 2025

ChartNerd noted the current action “suggests reaccumulationwithin this range.

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“$XRP has a high chance of being in Wyckoff Accumulation if we can continue to hold the line above the recent $1.80 wick.”

However, a close below $1.90 could weaken this view. XRP also remains below the key weekly EMAs, which ChartNerd highlighted as a resistance area that bulls should reclaim.

Meanwhile, Eggrag Crypto posted an analysis focusing on the monthly RSI for XRP. He pointed out that the RSI has reached the 80 level only twice: once in 2017 and again in 2025.”We are not yet in a confirmed macro bear market” he said, explaining that the RSI still remains above 50.

According to his analysis, there is a 60% chance that XRP is still in the late stages of the bull market unless the RSI closes below 50. This value leaves open the possibility of another upward move if buying pressure returns.

Whales sell, interest rates fall

Despite recent ETF approvals in the US market, data shows that whales have sold more than 180 million XRP tokens in recent sessions. CryptoPotato reported. These moves have led to increased selling pressure and concern among smaller investors.

At the same time, XRP open interest on Binance has fallen to its lowest level in a year. This decline indicates reduced participation in the derivatives market and may indicate caution among short-term traders.