Analyst Predicts What Will Happen If XRP Fails to Quickly Regain This Range

XRP has entered a crucial phase after breaking below a trading range that had held firm for several months, according to crypto enthusiast Alex Marzell.

In a recent tweet, Marzell shared a technical chart highlighting what he views as a significant shift in market structure, suggesting that sellers have gained control after an extended period of consolidation.

The chart shows XRP trading within a defined range since February, with price repeatedly testing both support and resistance levels. According to Marzell, that range has now been lost, raising concerns that the cryptocurrency could face additional downside pressure if buyers fail to regain control.

Repeated Support Tests Eventually Gave Way

Marzell’s analysis focuses on the lengthy period during which XRP moved sideways between established support and resistance zones. The chart highlights multiple occasions when the asset tested support near the lower boundary of the range while failing to generate a sustained breakout above resistance.

Throughout this consolidation period, XRP remains within the range despite repeated attempts by sellers to push prices lower. However, Marzell noted that continued pressure on support eventually resulted in a breakdown below the range floor.

His chart labels the lower section of the range as an area that experienced “heavy testing below” and “multiple support tests,” emphasizing times buyers were required to defend that level. Technical analysts often view testing support repeatedly as a sign that buying strength may be weakening, particularly when price struggles to establish higher highs.

Focus Shifts to Liquidity Below Range Lows

Following the breakdown, Marzell believes market participants will now focus on liquidity levels beneath the former range support. The chart identifies a notable liquidity zone below current prices, suggesting that XRP could continue moving lower if bearish momentum remains intact.

“Now all eyes are on the liquidity sitting below the range lows,” he stated.

The chart also presents two possible scenarios. One would involve XRP reclaiming the former range and moving back above resistance, which Marzell associates with potential expansion toward $2. The second scenario shows continued weakness below support, leading to a deeper decline toward lower liquidity areas.

Market Watches for Reclaim or Continuation Lower

For now, Marzell argues that the bearish scenario carries greater weight unless XRP can quickly recover the lost range. His assessment suggests that the recent breakdown has shifted the short-term technical outlook in favor of sellers.

“Unless XRP can reclaim the range quickly, downside remains the path of least resistance,” he wrote.

As XRP traders evaluate the latest price action, attention will likely remain fixed on whether the asset can recover above its former support zone or whether the breakdown marks the beginning of a broader move lower. Marzell concluded his post by asking followers for their own price targets as the market reacts to this key technical development.

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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