XRP Reaches Crucial Support Level Amid Conditional Outlook

XRP is currently retesting a multi-year ascending support structure that has underpinned cycle lows since 2020, according to TradingView analyst weslad. The token's price was around $1.15 at the time of writing, with an intraday range between roughly $1.12 and $1.16.

This support structure is a key level for bulls to defend, as a successful hold could open a path back toward previous highs and possibly $4.50-$5.00. However, bears still control the descending trend structure below the $1.50 supply zone, making the token's outlook conditional for the crypto market.

The analyst notes that if buyers can defend the current demand area, it could be treated as a healthy retracement rather than a deeper breakdown. But if the level breaks, the lower demand zone of $0.70-$0.80 may become relevant.