Analyst to XRP Holders: Watch Closely, This Could Be XRP’s Next Big Move

A key technical level is once again in focus for XRP as the cryptocurrency trades near a price point that analysts believe could determine its next major direction.

Financial expert Levi Rietveld says the asset is testing a crucial resistance zone at $1.10, making the coming sessions particularly important for traders.

In a tweet, Rietveld posted a weekly XRP chart alongside a brief message that emphasized the importance of the current level. He wrote, “This Could Be XRP’s Next Big Move! XRP is testing one of its most important resistance levels at $1.10. WATCH CLOSELY!!”

The chart attached to his post focuses on XRP’s long-term structure rather than short-term price fluctuations. It illustrates a prolonged downtrend marked by a descending trendline that has capped price advances for several months. XRP now appears to be trading near the point where that trendline intersects with the $1.10 price area, suggesting that the market is approaching a technical decision point.

Chart Suggests Resistance Remains the Primary Focus

Rietveld’s analysis centers on the significance of the resistance zone rather than providing a specific price target. The weekly chart shows that XRP has spent an extended period trading below the descending resistance line after retreating from higher levels recorded during the previous market cycle.

The chart also highlights a major resistance area near $3.40 and $3.60. This represents the highs from the earlier rally. However, before any move toward those levels can be considered, XRP would first need to establish a convincing break above the current resistance around $1.10.

By urging followers to “watch closely,” Rietveld suggests that the market’s reaction at this level could offer valuable insight into XRP’s next directional move. A successful breakout could indicate strengthening bullish momentum, while another rejection may reinforce the broader downtrend shown on the weekly timeframe.

Community Responds With Long-Term Expectations

Rietveld’s post also attracted comments from members of the XRP community, with many sharing their own expectations for the asset.

One user, Martin Morales, agreed that XRP still has considerable room for growth despite its current position. “I do agree, XRP has a long way to go… $3.00 would be great at the end of this year,” he wrote.

Although Morales expressed optimism about XRP’s long-term potential, Rietveld’s original post remained focused on the immediate technical picture. Rather than projecting a future valuation, his analysis highlights the importance of the current resistance test, suggesting that traders should monitor whether XRP can break above $1.10 before anticipating a larger upward 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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