Mr. Crypto Captain: XRP Daily Chart Looks Ready For Massive Breakout — Here's Why

Mr. Crypto Captain has highlighted a persistent descending channel on the XRP daily chart that appears to be nearing resolution after months of controlled downside movement. According to the chart shared by the analyst, XRP spent the second half of the year in a structured decline, forming a sequence of lower highs and lower lows but never collapsing outright — a pattern that signals a corrective phase rather than a chaotic sell-off.

The daily structure shows rallies repeatedly capped by the channel's upper trendline and pullbacks finding support at the lower trendline. That ongoing compression has steadily reduced volatility and moved the market toward an inflection point. In recent sessions, buyers defended support near $1.75, prompting a rebound that pushed price back toward resistance around $1.90. The distance between support and resistance has narrowed, increasing the probability of a decisive directional move.

Why this matters: a confirmed daily close above the descending resistance would invalidate the channel and break the string of lower highs. Such a breakout would change the market structure on the daily timeframe and could mark the start of a substantial trend shift from bearish control to bullish momentum. Mr. Crypto Captain described the setup as looking ready for a massive breakout, and the chart's price action supports that view by testing the exact resistance that rejected rallies since October.

If resistance gives way, the first target zone to monitor sits between $2.10 and $2.30 — an area where XRP previously consolidated before accelerating lower. If momentum continues, the next major barrier lies near $2.50, which corresponds to prior swing highs from November and would represent a meaningful reclamation of bullish structure. Beyond that, a breach of $2.70 would free the path toward the psychological and technical threshold above $3.00, levels not seen since early October.

Traders should watch for confirmation: a clean daily close above the channel resistance with follow-through volume would be the most reliable sign that sellers have lost control. Conversely, failure to sustain above resistance could lead to renewed compression and another leg lower, with the previous support near $1.75 remaining critical. Risk-management remains essential: this analysis is focused on structure and probability, not certainty.

Additional context: the chart and commentary first circulated on X and were republished by Company Times Tabloid. Readers can follow updates and on-chain discussion on social platforms such as X, Facebook, Telegram, and Google News.

Key levels at a glance: Support: $1.75. Immediate resistance: $1.90. Targets on breakout: $2.10–$2.30, $2.50, $2.70, then > $3.00.

Takeaway: The daily chart shows XRP compressed inside a long-term descending channel. A decisive daily close above the upper trendline would likely mark the end of the corrective phase and open the door to higher prices, while rejection would keep sellers in control. This content is informational and not financial advice; readers should perform their own research and manage risk accordingly.