Saad Ullah
⬤ XRP is trying to stabilize after a rough stretch, bouncing off a local bottom near $1.22 and now pushing into a key horizontal zone around $1.47. The market is attempting to flip former support that previously acted as a breakdown point — a meaningful shift if it holds.
⬤ The chart tells a familiar story: consolidation, a sustained leg down, and a final capitulation into February. What makes this bounce different is where price is approaching from — below the breakdown level, not above it. That's the setup that matters. Historically, these kinds of XRP reclaim scenarios have marked real changes in trend posture, not just dead-cat bounces.
⬤ Hold this level, and the next logical target becomes the $1.80–$2.00 zone — the ceiling of the prior consolidation range visible earlier in the structure. Lose it, and the broader bearish setup stays intact. Similar dynamics have played out recently across resistance-breakout structures and mid-range breakout zones in XRP analysis coverage.
⬤ What's at stake here isn't just price — it's market behavior. Reclaiming a structural level shifts conditions from trend continuation to potential recovery. Acceptance above $1.47 signals the market is transitioning away from the prior downtrend. Rejection keeps XRP locked in the same directional pressure. The next few sessions will settle it.
Saad Ullah
