The post XRP News: XRP Breaks Channel: Could $3.30 Be Next? appeared on BitcoinEthereumNews.com.

There is a bullish outlook for XRP because technical analysts believe it can break out of the channel. Several traders on X offer price targets between 3.10 and 15 after a pattern of Wyckoff has been confirmed. XRP moves inside a downward sequence on the 5-day chart. Technical analysts observe a controlled correction and not a distribution. The compression stage seems capable of expansion. Based on the EGRAG CRYPTO on X, the price activity indicates that there is a clean channel formation.  #XRP – 5D Chart: Compression Before Expansion? Price is still moving inside a clean descending channel. This is not distribution , it looks like controlled correction and momentum cooling. What I’m watching next:▫️Close above the 21 EMA▫️Retest + hold as support▫️Break the… pic.twitter.com/ywfZMsRMyJ — EGRAG CRYPTO (@egragcrypto) January 5, 2026 Source:  Egragcrypto The analyst pays close attention to major levels of resistance. A momentum shift may occur because of a close above the 21-EMA. Technical Breakout Signals Emerge The current channel resistance is approximately 2.30. Any breach of that level would provide an entry to the range of 3.10-3.30.  EGRAG CRYPTO allocates a 60% chance of an upward break. Time spent within the channel has a 30 percent probability of a break.  The analyst lays stress on form rather than on feeling. To break down to $1.00, there are odds against it at 10%. The present movement is merely a bounce inside channel boundaries. Bullish divergence patterns were validated by ChartNerdTA on X. The analyst has been monitoring this arrangement since November. The healthy pullbacks can appear when the price rises.  You might also like:XRP Price Alert: Critical Channel Break Could Spark Rally Wyckoff Pattern Validates Bulls ChartNerdTA drew attention to the accomplishment of a Wyckoff pattern of a spring. Such a formation is generally followed by powerful…

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Filed under: News - @ January 6, 2026 5:27 am