XRP Analyst Says Multi-Year Support Could Decide Next Major Move

XRP is approaching a major technical decision point as a TradingView analyst argues that the token is retesting a long-term support structure that has shaped several previous cycle lows.TL;DRTradingView analyst weslad says XRP is retesting a multi-year ascending support structure.The broader bullish case depends on buyers defending the current demand area.The analyst says a successful hold could open a path back toward previous highs and possibly $4.50-$5.00.A later update warned that bears still control the descending structure below the $1.50 supply zone.The TradingView analysis says XRP has continued to respect a long-term ascending trendline, a structure the analyst says has supported major cycle lows since 2020. After rejection near the upper boundary of a multi-year range, XRP has moved into a corrective phase and is now approaching a key demand area.XRP Bulls Need To Defend The TrendlineThe bullish version of the setup is simple: if XRP can hold the dynamic support and demand confluence, the current move may be treated as a healthy retracement rather than a deeper breakdown. In that case, the analyst says a strong reaction could set up another expansion phase, with previous highs becoming the next major upside reference.The more ambitious part of the analysis points toward the $4.50-$5.00 region if the broader structure holds. That is not a near-term guarantee. It is a higher-timeframe target that depends first on buyers proving that the current support zone is still valid.But The Update Adds A Bearish WarningThe same TradingView page also includes an update that makes the setup more nuanced. The analyst says XRP is still respecting a descending trend structure, with bears maintaining control below the $1.50 supply zone. That means XRP may need more than one bounce to shift market structure back in favor of bulls.The update also notes that a sweep into the $0.70-$0.80 demand zone would not be surprising. That gives traders two different levels to watch: the current multi-year trendline support, and a deeper demand area that could become relevant if the first level fails.Current XRP Price ContextXRP was trading around $1.15 at the time of writing, with current market data showing an intraday range between roughly $1.12 and $1.16. That keeps the token below the $1.50 supply area highlighted by the analyst and leaves the market in a wait-and-see position.The key point is that XRP is not in a confirmed breakout. It is in a test. If buyers defend support, the bullish long-term structure stays alive. If the level breaks, the lower demand zone may become the next area where traders look for a stronger reaction.This article was written by the News Desk and edited by Samuel Rae.This article is based on technical analysis by weslad, available at TradingViewWeiter zum vollständigen Artikel bei NewsBTC Weiter zum vollständigen Artikel bei NewsBTC