Despite the broader market decline that began in December, Ripple native token has managed to maintain its footing above a crucial rising trendline. This support level has proven resilient, with the price bouncing off it in multiple occasions, offering some hope to XRP holders.
The daily chart of XRP/USDT reveals a consistent pattern that has emerged since December. A well-defined rising trendline has acted as a safety net for XRP price, catching each significant drop. This technical structure has provided steady support during the crypto market struggles.
Each time XRP has tested this trendline, buyers have stepped in, preventing further decline and pushing the price back upward. This repeated behavior suggests that market participants view this level as an important value zone for accumulation.
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Potential XRP Bullish Outlook
If XRP continues to respect this trendline support and market sentiment improves, we could see a substantial recovery. The price action suggests that maintaining this support could pave the way for XRP to establish higher highs in the coming weeks.
Should this bullish scenario materialize, the next major target sits around the $3.5 level. Reaching this price point would represent a significant recovery from current levels and restore confidence in XRP long-term trajectory.
Risk of Downside Break If Negative Sentiment Continues
However, caution is warranted as the broader cryptocurrency market remains under pressure. If negative sentiment persists and selling pressure intensifies, XRP faces the risk of breaking below this critical trendline support.
A decisive breach of this technical level would likely trigger selling activities, potentially leading to a steep 40% decline. In this bearish scenario, the next major support zone appears around $1.38, which would serve as the final defensive line for bulls.
The fate of XRP is not isolated from the overall crypto market conditions. Continued bearish momentum across major cryptocurrencies could accelerate the downward pressure on XRP, increasing the likelihood of a trendline breakdown.
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What to Watch For in XRP Price
The rising trendline remains the critical level to monitor in the days ahead. As long as XRP maintains this support, the path toward $3.5 remains viable. However, a failure to hold this level could unleash a swift decline toward the $1.38 target.
Investors would be wise to watch for confirmation signals that accompany price movements at this trendline, as they could provide valuable insights into XRP’s next major move in this challenging market environment.
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