The XRP price remains trapped between key technical levels after a sharp rally was followed by several days of consolidation. Analysts are now watching whether buyers can reclaim nearby resistance or whether renewed selling pressure sends the token toward lower support zones.
Analyst Steph said XRP has formed a bull flag after its recent advance. The pattern developed as the price moved sideways following one of its strongest weekly rallies in months.
According to an analyst, XRP had spent months inside a tight and choppy trading range. He said that structure had remained in place since the crypto bear market began in July last year.
The recent surge pushed XRP outside that range. Steph said the move may represent more than a temporary rebound, although further confirmation is still required.
Why XRP Price Must Break $1.43 for Bullish Confirmation
According to Steph, $1.43 is XRP’s key near-term resistance level. He said the price needs to hold above that mark for several hours to confirm a breakout.
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However, $1.30 stands as support, which, if broken, would mean that the present bullish outlook becomes invalid, and it might be possible to witness a correction.
XRP is currently trading in-between both the levels mentioned above, thus making it very dependent on which one will take control.
After a rally where the price reached almost $1.70, it pulled back as selling started again at higher prices.
Steph said a confirmed break above $1.43 could put $2.10 in focus as the next near-term target, implying a gain of about 56% from the level used in his analysis. He also identified $3.68 as a longer-term objective.
Retail Selling Adds Another Factor to XRP Setup
The analyst also mentioned the shift in the retail stance since the shift to the $1.70 mark. Many small traders have already exited the market following the rally.
This may be the reason why the current XRP price pattern has gone unnoticed, according to the analyst. However, this is conditional on the ability of XRP to break resistance.
The $1.43 mark is thus important for the short-term perspective of the analyst. Failure to stay above the $1.30 mark will mean that the pattern changes to its opposite.
What Happens if XRP Price Fails to Break $1.55?
In an X post, analyst Crypto highlighted the $1.55 resistance area had already witnessed a rejection. He noted that XRP made a brief rally above the mentioned resistance level before encountering selling pressure. The coin retreated by nearly 20% from the rejection area.
Patel opined that the market is yet to confirm a bullish phase. According to him, it would be necessary to have a clean breakout above the recent high before changing the current stance. He further observed that there is still the possibility of another correction in the XRP price.
If the resistance continues to reject any rally attempts, Patel suggested that the $0.90-$0.70 level could be the next target and area for accumulation.
Despite this, Patel is still bullish for a longer-term period. As per him, there is the possibility of the XRP making its way up to $10, but this market is not yet ready for such an action.
Therefore, the near-term XRP price outlook will largely depend on the technical levels. Any break above the $1.43 level will increase the likelihood of Steph’s case.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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