Analyst: XRP Could Break Out Above $1.80, Leaving Bears Exposed
Analyst Austin says XRP may be setting up a clear bullish breakout after recent volatility. XRP fell from $1.83 (Jan 29) to $1.75 (Jan 30), causing about $70 million in long liquidations. Austin’s weekly TradingView chart highlights a descending trendline with crucial support near $1.80. If XRP holds above $1.80 and breaks the descending trendline, the asset could shift from consolidation into stronger upward momentum. Current intraday price was near $1.75 at the time of reporting. Longer-range 2026 projections cited in the article place XRP between $3 and $8 by year-end, underlining significant upside from current levels. The analyst warns bearish traders could be forced to cover shorts if technical confirmation occurs, creating asymmetric risk-reward for bulls. This setup stresses the importance of the $1.80 support level, trendline dynamics, and liquidity — key technical factors traders should monitor for potential breakout trades. Disclaimer: not financial advice.
Bullish
The article centers on a technical setup that favors a bullish breakout: a descending trendline with a firm weekly support at $1.80. If price holds above $1.80 and breaks the trendline, short positions could be invalidated, prompting coverings that amplify upside — a common pattern in crypto breakouts. The recent $70M in long liquidations shows high leverage and volatility; such conditions often produce swift reversals when technical confirmation appears. Short-term: watch for confirmation (weekly close above trendline, volume spike); a successful breakout likely triggers rapid gains and short squeezes. Long-term: if structural bullish momentum resumes, it could align with broader 2026 projections (the article cites $3–$8), but those targets depend on macro sentiment, regulatory developments, and adoption catalysts. Risk factors: failure to hold $1.80 would resume consolidation or deeper pullback; high leverage increases whipsaw risk. Historical parallels: XRP and other altcoins have previously produced large moves after trendline breakouts accompanied by short-covering (e.g., 2020–2021 alt-season moves). Conclusion: the setup is technically bullish but requires strict risk management—confirm breakout with volume and sustained closes above $1.80 before adding directional exposure.