- XRP nears $1.13-$1.18 resistance zone, where analysts expect the next major move to begin.
- Multiple daily closes above resistance could open the door for a rally toward the $1.25-$1.30 range.
- A break below support would weaken the bullish setup and raise the risk of a pullback to $1.
XRP is approaching a key resistance level, and the next move depends on whether the token breaks above the $1.13-$1.18 zone. A successful breakout could extend the recovery, while rejection may send XRP back toward recent lows.
XRP Needs Daily Closes Above $1.18 to Rally Higher
Analyst ChartNerd said XRP is trading between rising support and a resistance zone at $1.10-$1.18. The token also remains below the daily 50-day exponential moving average (EMA), which has repeatedly capped recent rallies.
Despite that resistance, ChartNerd noted that XRP has continued to form higher lows since bouncing from the $1 level. That suggests buyers are still defending the broader uptrend.
However, previous attempts to reclaim the daily 50 EMA have ended in sharp pullbacks. That makes the current test especially important.
The analyst said XRP would need several daily closes above the $1.16-$1.18 zone to confirm a breakout. That area would then need to hold as support.
If that happens, XRP could climb toward $1.24-$1.25. A move to $1.30 could follow, matching June’s high. ChartNerd also said a potential double-bottom pattern could support that rally if the breakout is confirmed.
Support Must Hold
ChartNerd cautioned that the bullish outlook depends on XRP holding its ascending support trendline. A break below that level would invalidate the higher-low structure. It would also increase the risk of a move back toward $1 during August.
Until support or resistance breaks decisively, the analyst described the market as a waiting game. Traders are looking for confirmation rather than trying to predict the next move.
XRP/BTC Chart Points to Longer-Term Strength
Analyst Celal Kucuker focused on XRP’s performance against Bitcoin. He said the XRP/BTC chart is close to breaking out of a long-term descending channel.
If that breakout occurs, Kucuker believes XRP could outperform Bitcoin during the next major market rally. He also projected that XRP could eventually trade above $12 by the time Bitcoin reaches a new all-time high.
Essentially, analysts generally agree on one point. XRP’s next major move depends on whether buyers can break above the $1.13-$1.18 resistance zone and turn it into support. Until then, the token remains in consolidation, even as its technical structure continues to improve.
Related: XRP Price Prediction: Bulls Target $1.16 as Weak Spot Demand Limits Recovery
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