XRP is approaching a major technical decision point as a TradingView analyst says the token is retesting the long-term support structure that formed many of the previous cycle lows.
TL;DR
- TradingView analyst weslad says XRP is retesting its multi-year bullish support structure.
- The broader bullish case depends on buyers defending the current demand zone.
- The analyst says a successful consolidation could open a path back towards previous highs and perhaps $4.50-$5.00.
- A subsequent update warned that the bearish move still dominates the bearish structure below the $1.50 supply zone.
the TradingView Analysis He says XRP Continue to respect the long-term uptrend line, a structure the analyst says supports major cycle lows from 2020. After rejection near the upper border of a multi-year range, XRP It has moved into a corrective phase and is now approaching the main demand area.
XRP bulls need to defend the trend line
The bullish version of the setup is simple: If XRP can maintain dynamic support and demand confluence, the current move may be treated as a healthy bounce rather than a deeper collapse. In this case, the analyst says a strong reaction could trigger another expansion phase, where the previous highs become the next major bullish reference.
The most ambitious part of the analysis points towards the $4.50-$5.00 area if the broader structure holds. This is not a guarantee in the near term. It is a higher time frame target that first relies on buyers proving that the current support area is still valid.
But the update adds a bearish warning
The same TradingView page also includes an update that makes setup more accurate. The analyst says XRP still respects a downtrend structure, with bears maintaining control below the $1.50 supply zone. This means that XRP may need more than one bounce to change the market structure back in favor of the bulls.
The update also indicates that a sweep into the $0.70-$0.80 demand zone would not be surprising. This gives traders two different levels to monitor: current multi-year trend line support, and a deeper demand zone that could become relevant if the first level fails.
Current XRP price context
XRP is trading at approximately $1.15 at the time of writing, with current market data showing an intraday range of approximately $1.12 to $1.16. This keeps the symbol below the $1.50 supply zone highlighted by the analyst and leaves the market in wait-and-see mode.
The main point is that XRP is not in a confirmed breakout. He’s on a test. If buyers defend the support, the long-term bullish structure will remain alive. If the level is broken, the lower demand area may become the next area as traders look for a stronger reaction.
This article was written by the News Desk and edited by Samuel Ray.
