XRP Hits Major Support Level, Analysts Weigh in on Next Steps

XRP is currently testing a major macro support level at $1.09, a critical moment in its correction phase that could determine the asset's long-term direction.

According to crypto analyst CasiTrades, this support level has been respected by the price action on the daily timeframe, with the immediate focus shifting towards how the market reacts to this placement.

The primary resistance levels to monitor are $1.19 and $1.27, as long as XRP is capped by these levels, the broader correction remains active, leaving the door open for a potential decline toward the $0.90 support zone at the 0.854 fib level.

Conversely, if XRP demonstrates genuine buying pressure and succeeds in breaking through the established resistances, it would suggest that the market is forming a new trend rather than consolidating for another downward wave.

EGRAG CRYPTO has also identified a critical macro decision zone, with specific technical thresholds that require sustained strength to validate a trend. A monthly body candle close above $1.40 would suggest that the bottom was firmly established at $1.05, while reclaiming the $1.61-$1.65 range would signify the official start of a bullish recovery.