Top Analyst Says Don’t Sleep on XRP. Here’s What He’s Watching

XRP continues to trade within a tight range after rebounding from its recent lows, leaving traders focused on a technical level that could shape the next move.

The latest 4-hour chart shared by Crypto Crusaders creator and XRP supporter Levi Rietveld highlights $1.1787 as the resistance to watch as the asset consolidates just below it.

The chart presents a market that has stabilized after its sharp decline at the start of June and now appears to be building a base. Rather than chasing higher prices, XRP has spent several sessions moving sideways. That pattern often attracts attention from traders looking for a breakout.

Buyers are Defending the Support Zone

Rietveld’s chart illustrates a strong selloff from the $1.35 to $1.38 region before XRP found support near $1.08. The asset then recovered and climbed toward the blue horizontal resistance line at $1.1787 before pulling back.

Since that move, XRP has traded around a smaller purple support zone near $1.10 to $1.12. Several candles returned to that area without producing a sustained breakdown, suggesting buyers have continued to defend it as they did in February after the flash crash.

The Focus on Resistance

The chart identifies $1.1787 as the immediate obstacle for XRP. Despite the resistance, Rietveld told investors, “Don’t sleep on $XRP.” Previous price action shows sellers entering around that level, making it a logical area for traders to monitor during the next advance.

Rietveld explained his reasoning, writing, “Consolidation below resistance often precedes expansion.” The next step for XRP depends on whether it can convert its recent consolidation into a move above resistance. Rietveld stated that “A break above $1.1787 could trigger aggressive upside momentum,” making that price the central focus of his analysis.

What Comes Next for XRP?

If buyers clear that level, the upper purple zone around $1.35 to $1.38 becomes the next notable area shown on the chart. That region previously acted as resistance and could become the next target if momentum strengthens. This would return XRP to its previous consolidation range that held since February.

For now, the chart depicts XRP holding support while trading below a well-defined ceiling. Other analysts have shared bullish signals and expectations, and Rietveld closed his post with a simple message that reflects his outlook: “XRP is loading!”

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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