Ripple’s XRP is trading near $2.17 at press time, following a weekly drop of over 13%. Despite recent selling pressure, the asset has returned to a zone that previously triggered a strong rally. Analysts are watching to see if the current structure could support another major move. Testing a Familiar Zone A chart shared by ChartNerd shows XRP touching the mid-regression band of the Growth Curve (GC). This same level acted as a base before the July 2024 breakout. The price now sits between $2.00 and $2.20—roughly the same range where the last rally began. Notably, the chart outlines a possible repeat of that setup, showing a grey box that matches the prior consolidation. Long wicks on recent candles may suggest buyers are stepping in near the lower end of the range. ChartNerd commented that this zone “ could be our foundational base ,” but price stability is still needed. Source: ChartNerd/X Moreover, analyst EtherNasyonaL posted a monthly chart showing XRP trading within a clear range. The support level is marked around $1.99, and resistance sits near $3.31. The structure has held for several months, with the price continuing to move sideways. The analyst described this as a re-accumulation phase. The setup remains valid as long as the asset stays between these levels. “Unless the structure is broken,” they said, “this silence will trigger a new leg.” A break above $3.31 would mark a shift in trend, while a drop below $1.99 could reset expectations. Short-Term Charts Show Uncertainty CryptoWZRD posted a bearish daily outlook, noting that both XRP and XRPBTC closed weak. The next resistance is at $2.75, with $2.00 acting as key support. A breakout above the daily high may open the way toward $3.65, but for now, the chart leans bearish. On shorter timeframes, the price action has been choppy. A decisive drop below $2.30 may trigger a short setup, while a move above $2.55 could lead to upside. The analyst added that they are “ waiting for a more mature chart formation ” to take action. On-Chain Activity and Wallet Growth CryptoQuant market technician CryptoOnchain reported that large XRP holders have been sending coins to exchanges. This move is often linked with profit-taking or exits, especially during price jumps. The analyst described it as a classic “ sell the news ” setup. Despite the pullback, 21,595 new XRP wallets were created in just two days—the largest spike in eight months, as CryptoPotato reported . The post Ripple (XRP) Back at Key Level: Could History Repeat to New ATHs? appeared first on CryptoPotato .
