XRP price bulls cling to key support as analysts warn of high-timeframe breakdown
XRP price traded near critical support levels this week as the cryptocurrency attempts to recover from a recent market correction, according to market data.
- XRP price slipped 6% on Monday, breaking below a key one-year range before stabilizing at a support zone that has repeatedly triggered rebounds since the November 2024 breakout.
- Ali Martinez and Cheds warn that losing the current range low could confirm a high timeframe breakdown, sending XRP toward the 200-day MA and a support level last seen over a year ago.
- Other analysts flag bullish divergence, arguing XRP is repeating its 2023–2024 accumulation, with a potential markup phase and breakout possible between now and late 2026 if support holds.
XRP price is trading around $1.91–1.93 today on major venues, with the Binance spot pair showing about $1.93 per token and a 24‑hour move of roughly +3–4%, while CoinGecko’s composite feed prints $1.91 on similar volume near $2.8 billion.
The cryptocurrency fell below a key support level during Monday morning trading and continued to lose ground despite ongoing institutional interest, according to trading data.
XRP (XRP) has traded within a defined range over the past month, breaking below its lower boundary during a late November pullback and again during Monday’s correction before stabilizing near a support zone that has held for the past year.
XRP bulls recede
The cryptocurrency has rebounded from this particular support zone following each major correction since its November 2024 breakout, climbing back above previous support levels each time, according to price data.
Market analyst Ali Martinez stated that XRP has fallen below its one-year price range, which could result in a 50% decline if the level fails to hold. Martinez indicated that the cryptocurrency must secure a daily close above the lower boundary to prevent a drop to a major support level not seen in over a year.
Analyst Cheds Trading stated that XRP is approaching a high timeframe breakdown. According to the analysis, the cryptocurrency appears to be forming a high-timeframe rounding top or double top pattern with a higher high. The analyst noted that if a double top forms, the M formation would be confirmed upon losing the neckline, potentially leading to a measured move toward the 200-day moving average and a significantly lower price range.
Other market analysts offered contrasting views on XRP’s near-term prospects. Trader Niels stated that the cryptocurrency appears favorable at current levels, noting that XRP is testing the support zone while displaying a bullish divergence on the daily timeframe. According to the trader, this suggests the price could move higher, with potential upside following a break above resistance within the next month.
Year‑to‑date, XRP is trading below the early‑December reference of about 2.20 dollars, implying a drawdown of roughly 10–15% from that level into the current 1.9‑dollar area, although it still sits far above the 0.32‑dollar lows seen in mid‑2024. In structural terms, the token remains about 45% under its all‑time high of 3.65 dollars, so the present 24‑hour bounce is a short‑term uptick within a broader consolidation phase that has retraced part of the strong 2024–2025 advance.
You May Also Like
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?
Fidelity Ethereum ETF purchases 34,740 Ethereum worth $159.4M
