Usman Salis
While crypto markets fluctuate, XRP maintains a disciplined price structure within a long-term horizontal range. Each time the price dips to the lower boundary, buyers historically step in with strong accumulation. The current setup suggests this pattern may be repeating, with smart money potentially positioning near the range low.
Technical Picture
XRP/USD (1D, Bitstamp) continues respecting well-defined levels. The chart shows a distribution phase near $3.6 where sellers dominated, followed by multiple tests of the lower zone where buyers defended aggressively. A mid-range rejection confirmed resistance, and now the price is approaching RL again — the same area where previous reversals formed.
Trader Heisening captures the prevailing sentiment simply: "As long as the range is valid for $XRP, RL is for buying." This approach reflects a straightforward strategy of accumulating near lows and selling near highs while the structure holds. If history repeats, XRP could climb back toward $2.6 or even test $3.0 in coming weeks.
Why This Matters
Range-bound phases often signal accumulation before a decisive move. The consistent defense of RL suggests institutional or long-term investors remain active. However, broader factors like liquidity conditions, Bitcoin dominance, and regulatory news continue influencing XRP's momentum. Holding RL preserves bullish potential, while breaking below would trigger downside risk.
XRP's range remains technically intact, and for many traders, that spells opportunity. With price hovering near support, sentiment leans toward accumulation. As trader notes, "RL is for buying" — and unless this level breaks decisively, XRP's range setup offers one of the clearer technical plays in crypto right now.
Usman Salis
