XRP Price Analysis: XRP Tests Key Technical Levels

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The update was accompanied by a chart illustrating the current structure, which has added to the interest surrounding this retest. Comments from other market watchers followed, reinforcing the significance of the current setup.

XRP Revisits Its Flipped Support-Resistance Trendline

According to ChartNerd’s chart analysis, XRP is positioned directly on the same trendline that previously acted as resistance before the breakout earlier in the year. The analyst described this trendline as a flipped support-resistance level, indicating a zone that, if maintained, reinforces the strength of the broader breakout structure.

The chart spans several years of XRP’s price history, showing that the current level has been tested multiple times during both upward and downward movements.

The significance of this trendline lies in its historical reliability. The latest monthly candle shows price action contracting toward this line once again, suggesting that XRP’s ability to remain above it may help determine the next phase of the trend. The chart shows this area, with the green horizontal band marking the zone the analyst considers essential to hold.

20-Month EMA Retest Draws Market Attention

ChartNerd also highlighted the technical importance of XRP’s retest of the 20-month exponential moving average, currently positioned at approximately $1.93. The EMA is shown in yellow on the chart, rising steadily and intersecting with XRP’s recent monthly candles. The asset’s wick and body both align closely with this EMA, emphasizing the precision of the retest.

What This Means for XRP’s Structure

While no prediction was issued in the thread, the information presented shows that XRP is now positioned at a multi-year technical intersection. ChartNerd’s focus remains on whether the asset can maintain this area on the monthly timeframe, as the structure could guide expectations for future movement.

The confluence between the long-term EMA and the flipped support-resistance level forms the central point of the analysis, emphasizing how XRP closes the month relative to these marks.

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