XRP is trading near $1.15, retesting a support line that has guided its price lows since 2020. The cryptocurrency's intraday range has been tight, roughly $1.12 to $1.16, as traders wait to see whether the level holds or breaks.
What the multi-year support line means
The current price action is playing out against what TradingView analyst weslad describes as a multi-year ascending support structure. This trendline has shaped XRP's cycle lows for the past four years, making it a key marker for bulls and bears alike. If it holds, the analyst sees a path higher; if it fails, a deeper demand zone could come into play.
XRP has been hovering near $1.15 for much of the session, with volume relatively subdued. The support level is being tested as broader crypto markets show mixed signals.
The $1.50 hurdle and the longer-term target
On the upside, weslad points to the $1.50 supply zone as a key resistance where sellers have historically maintained control. A break above that level would be needed to confirm a bullish shift. If support at $1.15 holds and momentum builds, the analyst's higher-timeframe target sits at $4.50 to $5.00. That's a long-term projection, not an immediate one.
For now, the $1.50 zone remains the first real test. Traders are watching for any volume spike or catalyst that could push XRP past that barrier.
Downside risk and the $0.70-$0.80 demand zone
If the current support fails, weslad identifies a deeper demand zone around $0.70 to $0.80. That range could act as a floor, but getting there would mean a significant drop from current levels—roughly 30% lower. The analyst's framework suggests that a break below $1.12 could accelerate selling pressure toward that lower area.
No major news events have been tied to XRP in recent days, so the technical setup is taking center stage. The support line from 2020 has been tested multiple times before, and each hold led to a rally. Whether that pattern repeats is the open question.
