Crypto Potato
2025-12-29 08:29:33

Ripple’s XRP Coils at Key Support as Price Approaches a Tipping Point

Ripple’s XRP token is hovering near a critical price zone as the year closes. After several months of sideways movement, the asset has once again returned to a key support zone. At the time of writing, XRP trades at $1.90, within a narrow range between $1.85 and $1.91. It is down 13% in the last month and is slightly in the red weekly. The current trading volume stands at more than 1.46 billion within the last 24 hours. Key Support Holds, But Resistance Keeps Pressing Since late 2024, XRP has bounced multiple times off a wide support area known as the macro demand zone. This zone has acted as a floor during past corrections. However, it has also continued to form lower highs, suggesting sellers are stepping in at increasingly lower levels. This setup has formed a descending triangle, a pattern that often leads to a sharp breakout or breakdown once pressure peaks. According to ChartNerd, the asset is now “ coiling ” at the bottom of this range. If buyers can no longer defend the support, the next move may come quickly. Still, many traders are holding back, waiting for a clear sign before committing to a direction. $XRP : Multi-month support keeps getting defended . However, lower highs are pressing down from above, and the price is coiling back at support. Either way, compression = decision soon —wait for confirmation. pic.twitter.com/KE8gJDf0tn — ChartNerd (@ChartNerdTA) December 28, 2025 ChartNerd also noted that XRP is revisiting long wicks left during April and October. These areas are often seen as gaps in liquidity that the price tends to fill. “ Weak hands are panicking ,” ChartNerd wrote, but added that a broader wedge pattern is forming. This descending broadening wedge is typically linked to market reversals when confirmed with volume. Historical Moves and New Predictions Some market watchers are drawing comparisons between the current XRP structure and its breakout in 2017. Analyst Javon Marks pointed to the last time XRP formed a similar pattern. Suggesting the token could rally over 690% if the pattern plays out in a similar way, he wrote, “Measured move for XRP says $15+.” Elsewhere, an Adam and Eve formation may be appearing on the one-hour chart, according to Cryptoinsightuk. The pattern features two bottoms, a sharp one followed by a rounded one. If the price breaks above the neckline, it may signal the start of a move higher. Supply Tightens as Exchange Balances Shrink Analysts are also watching supply trends. Data shared by Shield shows that only 1.5 billion XRP remain on exchanges. Around 750 million tokens have been withdrawn in recent weeks. The report noted that ETFs and institutional buyers are driving this accumulation. Earlier in the year, XRP reached a high of $3.65 in July following the resolution of Ripple’s legal case with the SEC. The company also expanded through acquisitions and new partnerships. Despite those gains, the price has now dropped below the $1.90 support level, placing the asset in a tight zone that could soon break. The post Ripple’s XRP Coils at Key Support as Price Approaches a Tipping Point appeared first on CryptoPotato .

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