Bitcoin Leverage Remains High \u2013 Data Reveals Selling Pressure Above $93K<\/a><\/div>\nHowever, failing to hold above $1.27 could shift market sentiment and lead to deeper corrections. This would challenge XRP’s bullish momentum and potentially test lower support levels, delaying its upward trajectory.<\/span><\/p>\nAs the market looks primed for continuation, XRP’s ability to stay above critical demand zones will determine its performance in the coming weeks. Investors are closely monitoring these levels as the asset eyes another leg higher.<\/span><\/p>\nFeatured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"XRP is currently consolidating after a sharp 20% retrace from its recent local high of $1.63, set last Saturday. Despite the pullback, XRP remains a strong contender in the market as it holds firm above critical demand levels, showcasing resilience amid broader market volatility. As Bitcoin flirts with the psychological $100,000 mark, XRP\u2019s price structure continues to signal bullish potential, drawing attention from traders and investors alike. Related Reading: Cardano Reclaims $1 As Network Growth Surges \u2013 Larger Breakout Ahead? Crypto analyst and investor Carl Runefelt shared a technical analysis on X, suggesting that XRP could be on the verge of a significant breakout. According to Runefelt, if XRP successfully breaks a key resistance level in its current price range, the asset could retest its local highs of $1.60 in the coming days, setting the stage for another rally. The overall market awakening has injected optimism into the crypto space, with XRP positioned to benefit from the momentum. However, maintaining strength above its current demand zone is crucial for XRP to sustain its bullish trajectory. Investors are closely watching for confirmation of a breakout, as XRP’s ability to reclaim its recent highs could signal the start of a larger upward trend in the weeks ahead. XRP Looks Ready To Continue XRP appears poised for another bullish rally, with technical indicators and market sentiment aligning to suggest a continuation of its upward momentum. As the broader crypto market shows signs of awakening, it stands out as one of the assets with the potential to set new yearly highs in the current cycle. Analysts and investors are increasingly optimistic, with many eyeing the $2 mark as the first significant milestone for XRP bulls. Crypto analyst Carl Runefelt recently shared a detailed technical analysis on X, highlighting a key development in XRP\u2019s price action. According to Runefelt, XRP is nearing the breakout point of a falling wedge pattern, a historically bullish structure.\u00a0 If this breakout materializes, XRP could initially target its recent local high of $1.60. Breaking above this supply zone would signal strong buying momentum, paving the way for XRP to aim for new cycle highs and potentially surpass the $2 resistance level. However, XRP\u2019s journey to new highs isn\u2019t without risks. Should the asset fail to break above the $1.60 level, further consolidation below this price could occur, delaying its bullish trajectory. Such a scenario would likely see XRP retesting key demand zones before attempting another breakout. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million \u2013 Local Top Or Continuation? As the market collectively inches toward higher valuations, XRP\u2019s performance remains closely tied to its ability to breach critical resistance levels. A successful breakout above $1.60 would not only validate the current bullish setup but also reinforce confidence in XRP\u2019s potential to lead this cycle\u2019s altcoin rally.\u00a0 Technical Analysis And Key Levels\u00a0 XRP is currently trading at $1.43, showcasing remarkable resilience after a 200% surge from its November 5th lows. While the price has retraced 20% from the local high of $1.63, XRP’s bullish structure remains intact as the broader crypto market gears up for another potential rally. Analysts and investors are optimistic that the price can sustain its momentum, provided key support levels hold firm. The $1.27 mark emerges as a critical demand zone for XRP, maintaining the short-term bullish structure that has driven its recent growth. If XRP successfully defends this level, the price is expected to consolidate before making another attempt to surpass the $1.60 resistance. A break above this key level could open the door for further upside, pushing XRP closer to its next major milestones in this cycle. Related Reading: Bitcoin Leverage Remains High \u2013 Data Reveals Selling Pressure Above $93K However, failing to hold above $1.27 could shift market sentiment and lead to deeper corrections. This would challenge XRP’s bullish momentum and potentially test lower support levels, delaying its upward trajectory. As the market looks primed for continuation, XRP’s ability to stay above critical demand zones will determine its performance in the coming weeks. Investors are closely monitoring these levels as the asset eyes another leg higher. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":655130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[14450,14327,4531,87883,83637,15883,91056,90893,15573],"class_list":["post-655125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple-xrp-price-analysis","tag-ripple-xrp-technical-analysis","tag-xrp","tag-xrp-bullish-signal","tag-xrp-news","tag-xrp-price-analysis","tag-xrp-price-breakout","tag-xrp-rejection","tag-xrp-technical-analysis"],"acf":[],"yoast_head":"\n
XRP Consolidates Below Crucial Resistance \u2013 Analyst Sets $1.60 Target<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n