XRP Nears Critical Support Zone as Analysts Watch for Breakout

As of the latest data, XRP trades at $1.90, confined to a narrow band between $1.85 and $1.91. This price action represents a return to a key macro demand zone that has acted as a floor during past corrections. However, the technical picture reveals mounting pressure. According to the analysis, the asset has been forming a series of lower highs while repeatedly testing this support, creating a descending triangle pattern. Technical analyst ChartNerd, cited in the source material, describes the price as “coiling” at the bottom of this range. This pattern is historically significant as it often precedes a sharp breakout or breakdown once the compression phase concludes.

ChartNerd’s assessment, shared via social media, notes that while the multi-month support continues to be defended, the formation of lower highs indicates persistent selling pressure at progressively lower levels. The analyst emphasized that this compression typically leads to a decision point, advising traders to wait for confirmation before committing capital. Furthermore, ChartNerd observed that XRP is revisiting long wicks from April and October 2025, which are viewed as liquidity gaps the price may attempt to fill. Despite noting “weak hands are panicking,” the analyst also identified a forming descending broadening wedge—a pattern often associated with potential market reversals when accompanied by significant volume.

Amid the current consolidation, some market observers are drawing parallels to XRP’s historical performance. Analyst Javon Marks has pointed to similarities between the current structure and the pattern that preceded XRP’s major breakout in 2017. Based on this comparison, Marks has suggested a measured move target that could see the token rally over 690%, potentially reaching prices above $15. This bullish projection hinges on the pattern resolving to the upside in a manner similar to the historical precedent.

Adding another layer to the short-term technical analysis, Cryptoinsightuk has identified a potential Adam and Eve formation on XRP’s one-hour chart. This pattern, characterized by a sharp bottom followed by a more rounded one, is considered a reversal signal. A confirmed break above the pattern’s neckline could indicate the start of an upward move. These analyses from Javon Marks and Cryptoinsightuk highlight the divergent perspectives among watchers, with some seeing the groundwork for a major rally while others focus on nearer-term reversal signals.

Beyond chart patterns, a fundamental shift in token distribution is underway. Data from Shield indicates a significant withdrawal of XRP from centralized exchanges. The report states that only 1.5 billion XRP remain on exchanges, with approximately 750 million tokens pulled off in recent weeks. This decline in readily available supply is attributed by the report to accumulation by exchange-traded funds (ETFs) and institutional buyers. A tightening supply on exchanges, all else being equal, can reduce selling pressure and increase volatility if demand surges.

This supply dynamic unfolds against a backdrop of notable developments for Ripple. Earlier in the year, XRP reached a high of $3.65 in July 2025, a rally fueled primarily by the resolution of Ripple’s long-running legal case with the U.S. Securities and Exchange Commission (SEC). The company has also expanded through strategic acquisitions and new partnerships. Despite these positive fundamentals, the price has retraced and is now testing the $1.90 support level. The convergence of a critical technical pattern, historical comparisons, and shifting supply dynamics places XRP in what analysts describe as a tight zone, poised for a move that will define its near-term trajectory.