Analyst Says XRP Is Getting Ready to Run, States What Will Trigger Next Big Move

XRP has entered a closely watched technical zone as crypto analyst and XRP supporter Levi Rietveld shared a chart noting a possible breakout.

In his post, he noted that XRP is testing a major support zone and highlighted its position below a long-term descending trendline.

He followed that by saying, “A breakout could trigger the next big move.” The chart places XRP at an important point, testing a support level analysts have tracked for months. This area makes the next price movement a focus for traders. Rietveld believes the asset is getting ready to run.

Is XRP About to Break Out?

Rietveld’s comments center on the relationship between the current support zone and the long-term descending trendline that has held since the pump in early January. His post claims that XRP is approaching a level where a breakout could lead to stronger momentum.

The analyst did not provide a price target in his message. Instead, he highlighted the technical structure and emphasized the possibility of a significant move if resistance gives way.

Support Levels are Holding

The daily chart shows the token trading around $1.16 after testing a support area near $1.10. Recent candles indicate that buyers stepped in after the sharp decline at the start of the month, producing a bounce from that region.

Several horizontal levels appear on the chart. XRP dipped below the first support that held during the flash crash in February. However, the second level prevented the decline, and XRP is now on its way back up.

The Main Barrier for XRP

The descending trendline stretching from earlier highs across the chart continues to cap the price. XRP remains below that line, making it the primary technical level to watch.

A move above the trendline would break the pattern of lower highs visible on the chart. The next marked resistance levels appear around $1.60 and $1.70, where past price trends created additional barriers. Those areas could become the next points of interest if XRP clears the downtrend line.

What Traders Should Watch Next

The chart shared by Rietveld presents a market positioned between established support and long-term resistance. The recent rebound from support shows that buyers have defended the lower zone, while the descending trendline continues to define the next challenge.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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