XRP Holds Above $2.50 as ABC Correction Pattern Remains Valid

2026-01-11 13:06:30

⬤ XRP’s been trading above its 2021 peak levels, and that old resistance is now working as support. There’s an ABC corrective pattern that kicked off in November, and it’s been playing out pretty cleanly. The price has stabilized right above this zone, which means the overall structure is still looking good.

⬤ The pattern shows three distinct waves: wave A dropped first, wave B bounced back up, and wave C brought things back down toward support. Through all of this, XRP kept respecting that 2021 high level—it’s marked on the chart as a major horizontal support area. This tells us the recent move was probably just a correction, not a real breakdown of the bigger trend.

⬤ Here’s what matters: if XRP keeps trading above this support, the correction’s probably done. Usually after an ABC pattern wraps up, you see an expansion phase start. The chart shows that possibility clearly, but it also notes that the whole setup falls apart if price drops below support.

⬤ Why does this matter? Long-term support levels are crucial for understanding where a trend stands. XRP holding above its 2021 highs backs up the idea that recent action has been corrective, not the start of something worse. That support line also gives traders a clear reference point to watch for what comes next—whether that’s momentum building, volatility picking up, or the structure staying strong as we move through 2025.

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