Analysts say they see this level

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XRP price transfer is highlighted With rejection at $2.35, fIt was littered by a bounce of $2.15. This initial refusal follows a brief rally in the last week of April. Interestingly, it broke above the downward slop resistance trend line that has defined its structure since early January 2025. It can be seen as a setup Not a complete rejection, but a potential breakout to a level above $4.

Trend line breakout focused on swing failure patterns

According to Technical Analysis On the TradingView platform, XRP/USDT is now pushing a significant downward trend zone in the daily candlestick time frame chart. This trendline, which led to a wider bearish structure since January 2025, was responsible for the prominent price denials in February and March. However, the latest interaction with this trendline appears to be different, and XRP may be moving from the higher pattern at the bottom to forming breakouts and retests.

Related readings

The notable development here is the sequence that leads to breakout attempts. XRP first surged upwards in late April, moving above the trend line. However, instead of going back to the previous range, prices temporarily went backwards, forming a higher and lower. This is a significant structural change in the bullish version of the swing failure pattern (SFP).

In this case, the decline formed after the breakout suggests a reversal of the previous downtrend, and this reversal was verified When XRP closed on April 30th. As shown in the chart below, this swing failure pattern turned bullish with volume rise, an early sign of rebound and rally.

In addition to this outlook, the trendline has been mentioned multiple times over the past five months, and it has become extremely important to confirm it. The white arrows drawn on the chart indicate the expected direction of the XRP price if the bounce is maintained.

$3.00 resistance is important for the next price explosion

Everyday bullishness that surpasses this trend line will break Bearish structure This defines XRP prices from the beginning of the year. If successful, this will ultimately cause your XRP price to exceed $4 If everything is correct.