
XRP’s long-term chart is approaching a critical test. XRP remains sensitive to broader market pressures; having fallen nearly 70% from its high of $3.66, it is currently trading near $1.12. Traders are focusing on key price levels much lower down: ▪ Long-term support for XRP appears to lie in the $0.74 to $0.80 range. ▪ This same trend line has come into play three times since 2020. ▪ Each previous defense of this level led to a significant recovery. ▪ Following a fourth similar retest in 2017, XRP experienced a historic 60,000% rally. No one expects a complete repeat of that specific move. However, if XRP touches and holds this zone again, the overall bullish structure may remain intact. A decisive break below this area would severely undermine the comparability of its historical price action.
