**XRP Breaks Out Of Five-Day Sideways Range, Targets Higher Levels**
XRP has staged an impressive breakout, surging 12% to reclaim $2.45 after lingering in a five-day sideways range. This move signals a sharp change in momentum, highlighted by more than $550 million in XRP withdrawn from centralized exchanges—a clear sign that investors expect long-term upside and are tightening supply.
After rallying from around $2.28, XRP cleared resistance near $2.35, finally ending the horizontal drift that left many traders apprehensive. The push above $2.45 now aligns with the post-October 10 crash support zone, giving bulls a fresh structure to defend as XRP targets its next leg higher. A clean break from a flat range often indicates that previous sell walls have been absorbed, opening room for continuation.
**Key Support and Target Levels**
XRP’s latest surge confirms a breakout from the crucial support area that held steady for five days. This horizontal price action had fueled anxiety among holders—many feared that a breakdown below support would trigger steep losses. The recent bounce is therefore seen as a major relief and a potential turning point for bullish momentum.
According to analysts, the return above the important $2.45 support—created after the October 10 market crash—marks a strong base. If price successfully turns $2.55 into support, analysts expect the next upside zone to fall between $2.64 and $2.75.
**Exchange Outflows Signal Supply Tightening**
Beyond price action, on-chain data shows an important shift: XRP holders have withdrawn over $550 million worth of tokens from centralized exchanges. This “stacking” by strong hands suggests supply is drying up—a bullish signal indicating long-term confidence and a reduced risk of sudden sell pressure.
**Momentum Indicators Support Further Gains**
Technical indicators also point toward continued upside. The Relative Strength Index (RSI) for XRP has flipped above the 50 mark, signaling fresh bullish energy entering the market. Establishing a support level above $2.55 is seen as key for unlocking higher price targets—specifically, the $2.64 to $2.75 range.
**Healthy Pullback Context**
Per TradingView data, XRP is trading at $2.45 at press time—about 5% below Monday’s local high of $2.58. This minor pullback fits within a healthy breakout pattern, rather than suggesting a failed rally. As long as buyers defend the $2.35 to $2.45 zone that started this move, the bullish scenario remains intact, with $2.55 the next level to flip for sustained upside.
Stay tuned as XRP continues to attract attention with both its price action and on-chain activity. The path above $2.55 could open the door to new highs in the coming weeks.
https://bitcoinethereumnews.com/tech/xrp-price-today-jumps-12-as-550m-exits-exchanges/