XRP Approaches Critical $0.73–$1.17 Support Zone Before Potential Breakout

XRP is trading near a key structural inflection point, with price compressing between two major support bands that could determine the next directional move. Market participants are closely watching the $0.73 to $1.17 range as volatility contracts and liquidity builds around historically significant levels.

The marked red support zones has already been tested during the recent corrective phase, while the second remains just below current price action. The next interaction with either band could establish the cycle bottom before a broader expansion begins.

With XRP hovering near multi-structure support, the market is entering a high-sensitivity technical phase.

Key Technical Structure

Broken Multi-Year Resistance

The chart highlights a previously broken multi-year descending resistance trendline that capped XRP’s upside for an extended period. After breaking above that structure, price pulled back toward upper support near $1.17.

That level corresponds to the first red band, which has already been tested during the recent pullback.

From a technical perspective, this retest is significant. Former resistance often converts into support once structure shifts, reinforcing the validity of the breakout if buyers defend the level.

The Untested Lower Support at $0.73

Below current price sits ascending structural support around $0.73. This level aligns with the second red band that has not yet been tested in the present market structure.

If price extends toward that lower band, it would represent the final major technical defense within the current formation. Market reaction there could determine whether accumulation transitions into expansion.

Broader Trend Context

On a higher time frame, XRP continues to respect a multi-year rising support line that defines the long-term trend. The convergence between the former descending resistance and the ascending macro support has created a tightening structural wedge.

Such compression environments tend to precede larger volatility events, particularly when liquidity clusters around clearly defined support zones. While direction is not guaranteed, structural tension is increasing.

Why This Zone Matters

With one support band already tested near $1.17 and another positioned around $0.73, XRP is approaching a binary technical region.

If buyers defend the lower band aggressively, the setup could support a broader expansion phase. A failure to hold that zone, however, would shift structural dynamics and potentially delay upside continuation.

The market is effectively compressing into a decision point.

XRP’s positioning between two high-conviction support bands creates a clearly defined risk framework. The $0.73 region represents the final structural defense within the current formation and therefore becomes the key level to monitor for reversal signals, liquidity sweeps, or momentum confirmation.

Source: ChartNerd