XRP nears critical breakout as Bird eyes major price move at $1.36

Bird signals upcoming volatility

Bird shared his analysis on X, posting, “Big XRP move incoming. We are moments away. To infinity and beyond. Buzzing.” The post included a four-hour chart mapping XRP/USD price action as the coin rallied from near $1.00 to the $1.50 region before settling into sideways trade.

The chart reveals a period of consolidation, marked by gradually lower highs and steady support between $1.35 and $1.40. Two descending trendlines define the tightening formation, placing XRP at $1.36 when the snapshot was taken, near the lower boundary of the triangle pattern.

Bird highlighted the compressed price action, emphasizing, “We are moments away. To infinity and beyond. Buzzing.”

While Bird refrained from predicting a specific direction, his language and references implied a bullish outlook. He pointed to the “compression” within the structure, indicating potential for a substantial price swing once the range breaks.

Mini dictionary: Bird is a pseudonymous digital asset analyst and developer who shares technical crypto market insights, focusing mainly on XRP price action for the online trading community.

Key price levels attract attention

According to the shared chart, XRP is trading near the formation’s lower boundary while resistance continues to drop from the $1.50 zone. An upward breakout above the trendline could signal growing demand from buyers, while a move beneath the support might undermine confidence in the bullish structure.

Rob Thomas, another market watcher, echoed Bird’s sentiment that XRP is nearing a decision point. Thomas recommended that traders monitor price action around the $1.40 to $1.42 area and described a rally above $1.50 with a successful retest as a key event worth following.

Rob Thomas noted that “a move above $1.50 followed by a retest of that level would be very interesting,” suggesting that confirmation from price action remains essential for trend validation.

Opinions among the crypto community remain split. Some respondents flagged risks of manipulation and called for clearer regulations, while others suggested a possible downside break below $1.30. Notably, one participant set a highly ambitious target, stating he was waiting for XRP to reach $2,000.

XRP at a crucial technical juncture

Bird’s analysis emphasizes that XRP is approaching a pivotal point after a period of compressed volatility. The $1.36 price zone draws market attention as traders look for confirmation of direction.

An advance above the $1.40 mark could reinvigorate bullish momentum and pave the way for a test of the descending resistance near $1.50. If XRP falls below $1.30, however, it would challenge the optimistic scenario discussed by Bird and other bullish community members.