XRP Price Set for Third Test of Support Trendline

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Price Trend Analysis: Analyst ChartNerd indicates that XRP's price is adhering to a long-term falling wedge pattern and has confirmed its move back toward a multi-year ascending support trendline, marking a crucial test for market dynamics.
Historical Structure Review: XRP has historically retested the ascending support line multiple times, with notable rallies in 2014, 2016, and 2017 pushing prices up by 680x, demonstrating the robust potential of this pattern.
Price Range Forecast: ChartNerd emphasizes that XRP may briefly trade below $1, aligning with his earlier targets of $0.90 and $0.70, which he describes as “further macro opportunity,” providing potential buy zones for investors.
Reversal Confirmation Pending: Despite signs of a market rebound, ChartNerd has not yet seen confirmation of a reversal, considering the current price movement merely a “relief rally,” while continuing to monitor the falling wedge and ascending support line dynamics.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.818	0.914	0.993	1.089	1.168	1.264	1.344
Fibonacci	0.914	0.981	1.022	1.089	1.156	1.197	1.264

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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