XRP is holding above a key support level at approximately $1.40, signaling potential stability after recent declines. Technical analysis suggests selling pressure may be fading, with a breakout above $1.65 seen as a critical level for resuming an upward move toward $2.00, while a long-term trendline offers broader structural support.
The cryptocurrency XRP appears to be stabilizing above a significant support zone near $1.40 following a decline from levels around $1.60-$1.70. Data from TradingView indicates this area is now serving as immediate support, with $1.65 acting as the first major resistance level overhead.
Technical indicators show the Relative Strength Index (RSI) is currently positioned just below 45. This reading, combined with a noted sharp decrease in trading volume, suggests the recent selling pressure may be losing momentum. A confirmed break above the $1.65 resistance could pave the way for a move toward the $1.90-$2.00 range.
Crypto analyst Ali Charts recently highlighted a crucial long-term support trend for XRP. “In a recent tweet from crypto analyst Ali Charts, he identifies that possible long-term support for the coin is being formed by a trendline between a series of higher lows between $0.60 and $0.90 over a monthly timeframe.” This longer-term structure is viewed as keeping the broader bullish market framework intact.
The current price action shows XRP building a near-term base of support. If buying pressure increases alongside improving RSI momentum, the asset could attempt a broader recovery in subsequent trading sessions.
