Market Analyst Says XRP Is One Breakout Away. Here’s What Is Coming

XRP is moving toward a price level that crypto analyst Levi Rietveld believes could open the door to a stronger advance.

In a recent post, he wrote, “XRP is one breakout away.” He added that “A clean move above $1.1787 could send price accelerating toward higher levels.”

The accompanying chart places $1.1787 at a clearly marked horizontal resistance level. XRP currently trades below that line, but recent candles show the price climbing toward it. The setup highlights a technical test that traders often monitor to confirm continued upside momentum.

XRP Approaches a Key Resistance Level

$1.1787 as the immediate level to watch. A blue horizontal line marks that price, while the latest candles move toward it after a steady recovery from the decline in early June. Rietveld’s post focuses on this point, presenting it as the level that could unlock the next stage of the move if buyers push through.

A Recovery From the Support Zone

The chart displays XRP on the 4-hour timeframe after an extended decline that transitioned into a recovery. A purple support zone sits around the $1.10 area. XRP hit this zone in February during the flash crash but quickly rebounded. It spent more time there in early June, but is now showing some upward movement, trading near $1.15.

Buyers have repeatedly stepped in around the support level, allowing the asset to establish some momentum. Recent candles show the asset pushing away from that support and advancing toward the marked resistance. A yellow arrow extends above the blue line, illustrating the upward path highlighted in the post.

Price Action Now Centers on the Resistance Test

The technical structure has shifted attention from support to resistance. XRP has already demonstrated strength by rebounding from the highlighted demand zone, placing the next focus on whether it can clear $1.1787.

The chart does not specify an exact destination after a breakout. Instead, it illustrates that a successful move above resistance could open the way for continued upside momentum.

XRP’s Next Steps

The current setup presents a straightforward technical scenario. XRP has recovered from a support area and now approaches a resistance level that previously limited advances. The repeated rebounds from the support zone strengthen the significance of the current test. If buying pressure carries the price above $1.1787 with a convincing move, traders will expect further gains.

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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