XRP is approaching a major technical decision point as a TradingView analyst argues that the token is retesting a long-term support structure that has shaped several previous cycle lows.

TL;DR

• TradingView analyst weslad says XRP is retesting a multi-year ascending support structure.
• The broader bullish case depends on buyers defending the current demand area.
• The analyst says a successful hold could open a path back toward previous highs and possibly $4.50-$5.00.
• A later update warned that bears still control the descending structure below the $1.50 supply zone.

The TradingView analysis says XRP has continued to respect a long-term ascending trendline, a structure the analyst says has supported major cycle lows since 2020. After rejection near the upper boundary of a multi-year range, XRP has moved into a corrective phase and is now approaching a key demand area.

XRP Bulls Need To Defend The Trendline

The bullish version of the setup is simple: if XRP can hold the dynamic support and demand confluence, the current move may be treated as a healthy retracement rather than a deeper breakdown. In that case, the analyst says a strong reaction could set up another expansion phase, with previous highs becoming the next major upside reference.

The more ambitious part of the analysis points toward the $4.50-$5.00 region if the broader structure holds. That is not a near-term guarantee. It is a higher-timeframe target that depends first on buyers proving that the current support zone is still valid.

But The Update Adds A Bearish Warning

The same TradingView page also includes an update that makes the setup more nuanced. The analyst says XRP is still respecting a descending trend structure, with bears maintaining control below the $1.50 supply zone. That means XRP may need more than one bounce to shift market structure back in favor of bulls.

The update also notes that a sweep into the $0.70-$0.80 demand zone would not be surprising. That gives traders two different levels to watch: the current multi-year trendline support, and a deeper demand area that could become relevant if the first level fails.

Current XRP Price Context

XRP was trading around $1.15 at the time of writing, with current market data showing an intraday range between roughly $1.12 and $1.16. That keeps the token below the $1.50 supply area highlighted by the analyst and leaves the market in a wait-and-see position.

The key point is that XRP is not in a confirmed breakout. It is in a test. If buyers defend support, the bullish long-term structure stays alive. If the level breaks, the lower demand zone may become the next area where traders look for a stronger reaction.

This article is based on technical analysis by weslad, available at TradingView

Source: NewsBTC