Analyst: XRP Bulls Are Waking Up. The Next XRP Rally Is Coming

XRP has returned to a level that many traders continue to watch closely. After facing significant selling pressure, the digital asset recently tested support near $1.09 before showing signs of a bounce.

That move has prompted renewed optimism among some market participants who believe the latest pullback may have reached an important turning point.

Crypto analyst and Crypto Crusaders creator Levi Rietveld highlighted the development in a recent post, stating, “XRP just bounced from the key $1.09 support zone.” He added that “As long as this level holds, the recovery remains intact,” before declaring that “The next XRP rally is coming!!”

$1.09 Remains the Key Area

The chart shared by Rietveld focuses on XRP’s 4-hour price action. A highlighted support region sits around $1.09 to $1.11. This area stopped XRP’s flash crash in February. It also attracted buyers earlier in June.

The asset revisited that zone after a steady decline from the mid-month high near $1.28. The chart shows XRP gradually losing ground after failing to hold above the $1.17 resistance level. Sellers then pushed the asset lower until it reached the support area that had already proven significant during earlier consolidation phases.

The latest candle on the chart briefly moved below the lower boundary of the zone before recovering. Rietveld’s projected path suggests he expects buyers to defend the area and push XRP back toward higher levels.

Resistance Levels Come Into Focus

While support remains the immediate focus, the chart also identifies key resistance levels above the current price. The first major level appears near $1.1787, marked by a blue horizontal line. XRP previously used that area as support before losing it.

Another important area sits around $1.21, highlighted by a purple zone. XRP consolidated there briefly following its sharp rally on June 15 before sellers regained control. Beyond that, the chart shows a higher resistance level near $1.29, which aligns with the recent local peak.

For now, the recovery scenario shown on the chart begins with XRP holding above $1.09 and reclaiming nearby resistance levels step by step.

Bulls Watch for Confirmation

Rietveld’s analysis arrives as XRP attempts to stabilize after a correction that has stretched on for months. The chart suggests that market participants are closely watching the reaction around current support, especially given the buying activity that emerged from the same area earlier this month.

His outlook remains tied to the strength of the $1.09 zone. The bounce already visible on the chart has given bulls a level to defend while they look for confirmation of a larger recovery 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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