Data Alchemist: This Setup Is Realistically bullish for XRP

More than 400 days have passed since XRP moved above the $1.9 level that restricted the price for nearly 6 years. That break marked a clear shift in long-term structure. Instead of acting as a ceiling, the level has since functioned as support.

Dom (@traderview2), a Data Alchemist, focused on that fact in a recent post, pointing out that the asset continues to respect the area long after the initial breakout.

He noted that XRP broke the $1.90 resistance over a year ago and remains above it today. Markets often test important levels repeatedly after a breakout. XRP has done so without surrendering the zone. This persistence defines the current setup more than any short-term rally or pullback.

Why the $1.9 Zone Still Controls the Chart

The $1.9 level holds technical relevance because it rejected XRP across multiple cycles. In 2018 and again in 2021, rallies failed once the price reached that region. Those failures reinforced the level as a major reference point that veterans like Peter Brandt could not ignore.

When XRP finally moved above it, the reaction that followed carried weight. Dom stated that the “price is still holding on to that as support.” He attached a 2-week chart to back that claim. Each pullback toward the level has attracted buyers, and XRP has not closed decisively below it for over a year.

Dom described the current structure plainly, writing, “realistically, this is a bullish setup.” His assessment rests on price behavior, and a market that holds a former multi-year resistance from above will favor an upward move as long as that structure stays intact.

Defined Risk Without Ambiguity

Dom also addressed the downside scenario. He noted that if the $1.9 level is lost, “it will be the biggest letdown after 7 years of hopes and dreams.” That statement outlines the risks clearly. A failure at this level would carry meaning precisely because of how long it has held.

This does not weaken the bullish case; it sharpens it. Clear invalidation levels strengthen technical analysis, and XRP’s current structure provides a visible line where market behavior would change. Until that occurs, the asset remains in a bullish position.

Where XRP Stands Now

XRP is trading above a level that defined its ceiling for most of the past decade. It has held that level for over a year. Dom’s analysis centers on those facts alone, focusing on the chart structure. As long as its price continues to respect $1.9 as support, the breakout remains valid.