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Analyst: Huge XRP Moment About to Happen. Here’s why

The market often tests patience during periods of compression, as XRP now trades at a key level. Cryptoes (@cryptoes_ta), a well-known technical analyst, recently posted a chart showing a setup expected to change XRP’s trajectory.

The analyst highlighted a horizontal level that once acted as firm support. The price moved sharply higher after it touched that level in June.

While many saw this level as XRP’s bottom, the asset experienced a swift resurgence shortly after hitting it. It’s worth noting that the market is around the same zone, which raises interest among those who follow long-term structures.

XRP Price Returns to a Key Support Zone

XRP trades close to $2.01 on the chart provided. The candles show a long decline from the previous peak of $3.65. The move down formed lower highs and steady pressure. Traders watch the current test of support because the chart shows several reactions near this zone over time.

The earlier bounce from this level produced a strong advance that carried the asset to its all-time high in July. That move formed a clean and aggressive trend in a short period. The present structure looks different in tempo but comparable in its test of the same support.

Market participants track repeated levels because buyers often respond at familiar prices. XRP now sits near that same floor. The chart highlights a narrow range with repeated closes near $2.01. That behavior signals tension before a larger move.

XRP Price: Evaluating the Current Setup

The post by Cryptoes gained interest because it links the current price zone to a historic pivot. The comment that this is a “huge moment” reflects the view that a clear reaction often follows such tests. If buyers can defend this level again, XRP could experience another notable rally.

Other analysts have bullish expectations for XRP, and retesting this support could kickstart that run. The chart also shows several failed attempts to push the price below the support level. Wicks extend under the line, but closures remain near or above it.

That pattern suggests buyers attempt to absorb selling pressure each time the price dips. If sellers prevail, the structure could break down and push XRP deeper. However, if buyers can hold the level, the market could form a base suitable for a sustained advance.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over seven years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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