Saad Ullah
XRP is approaching one of its most important technical moments in months. The chart is showing a rare convergence of major trendlines—the kind of setup that usually precedes a big move.
The Technical Setup
Technical analyst Ferruh DANACI recently reminded followers that he'd called for profit-taking near $3.20 and is now highlighting a potential re-entry opportunity for those who sold at the highs. But there's a catch: if XRP drops below $2, things could get ugly fast.
The chart is packed with converging trendlines—yellow, red, blue, and green—all intersecting near the current price. Here's what stands out:
- Support holding for now: XRP is sitting above a wide green Ichimoku Cloud, which has been acting as dynamic support. Every dip toward the cloud has attracted buyers, suggesting bulls are still in control—as long as $2 holds.
- $3.28 is the line in the sand: This horizontal resistance level is critical. XRP needs to reclaim it to resume the broader uptrend. It lines up perfectly with the profit-taking zone flagged earlier.
- Bullish potential if it breaks out: A bold projection on the chart shows a possible move toward $8 if XRP can punch through the descending red trendline and reclaim $3.28.
- Sub-$2 is danger territory: Below $2, the chart suggests a potential slide all the way down to $0.72—the next major support zone. This matches the analyst's warning: "Be careful under $2."
Why XRP Is Stuck
A few factors explain the sideways action: ongoing regulatory uncertainty around Ripple, traders rotating into AI tokens and memecoins, broader macro pressure on risk assets, and technical cooling after the explosive run to $3.20. Still, buyers keep showing up at the Ichimoku Cloud, signaling that long-term bulls haven't given up.
Saad Ullah
