Expert Says XRP Is At Decision Point, Sets New Price Target

XRP is approaching a crucial technical level that could determine its next short-term direction, according to financial expert Levi Rietveld.

The analyst, in a tweet, highlighted a key resistance zone that traders are closely monitoring as XRP attempts to build momentum following a rebound from recent lows.

Levi noted that XRP is currently trading around $1.15 after successfully bouncing from the $1.12 support area. While the recovery has provided some optimism for bulls, Rietveld emphasized that the market has now reached a “decision point,” where price action will likely dictate the next significant move.

Accompanying his analysis was a chart showing XRP recovering from support near $1.12 while approaching resistance around $1.1787. The chart also outlined a potential bullish scenario in which XRP could continue higher if buyers manage to regain control of the market.

The Importance of the $1.1787 Resistance Level

According to Rietveld, the most important level for XRP traders to watch is $1.1787 on the four-hour timeframe. He explained that a successful reclaim of this level, followed by a confirmed close above it, would strengthen the bullish case for XRP.

He added that if bulls can reclaim and close above $1.1787 on the four-hour chart, “a move toward $1.19–$1.20 becomes increasingly likely, with $1.29 standing as the next major target.”

The chart shared by the analyst illustrates this outlook, showing a projected move toward the $1.19 to $1.20 range before a potential attempt to challenge higher resistance levels. The $1.29 area appears as the next major barrier should bullish momentum continue to build.

At the same time, the chart also highlights downside risk. XRP would need to maintain support above the recent lows to avoid invalidating the bullish setup outlined by Rietveld.

Community Watches for Confirmation

Several market participants responded to the analysis by focusing on the significance of the recent support bounce and the $1.1787 level.

Crypto community member Macro Bombastic noted that the $1.12 support zone had performed well during the recent decline. He stated that traders are now waiting to see whether XRP can break above $1.18 convincingly or if another failed breakout attempt emerges.

Meanwhile, crypto commentator Nepentia said attention remains fixed on the $1.1787 threshold. According to Nepentia, a successful conversion of that resistance level into support could open the door for a stronger expansion phase in XRP’s price action.

For now, Rietveld maintains that the market is at a pivotal moment. With support holding near $1.12 and resistance sitting at $1.1787, XRP traders are looking for confirmation of the next move.

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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