XRP Price Analysis: $1.30 Support Holds Amid $1.07 Crash Risk

TLDR

• XRP price holds $1.30 support after a liquidity sweep and sharp volatility.
• Daily structure remains bearish, capped by a descending trendline and lower-high formation.
• Macro resistance from a multi-year trendline continues to limit upside momentum.
• A broadening wedge structure keeps breakout potential alive if resistance is reclaimed.

XRP price continues to trade at a pivotal location between firm horizontal demand and heavy overhead resistance. Recent volatility pushed the asset toward $1.30 before buyers reacted. Analysts now track whether recovery toward $2.20 can develop or deeper pressure emerges.

XRP Price Capped by Daily Trendline

According to analyst CRYPTOWZRD, XRP price remains suppressed beneath a descending resistance that has defined the short-term structure. The sequence of lower highs and lower lows confirms seller dominance. Each bounce has so far appeared corrective.

The rejection from the $2.30–$2.40 zone reinforced this dynamic control. Attempts to extend higher failed to create a continuation. Momentum therefore remains tilted toward supply.

Moreover, the flush into $1.30 represented a notable liquidity sweep. Long lower wicks revealed aggressive dip buying at that horizontal cluster. Demand is present, yet major barriers still stand above.

In addition, the analyst highlights $2.00 and the broader $2.20–$2.70 band as critical. A break there would change the structure. Until reclaimed, rallies remain vulnerable to fading.

Macro Chart Points to Larger Rejection

Meanwhile, analyst Steph Is Crypto presented a longer-term caution based on a multi-year descending trendline. This resistance originates from the 2017 cycle peak. Repeated failures beneath it maintain a bearish framework.

The latest interaction again produced XRP price rejection at higher levels. Sellers historically reappear whenever price approaches this boundary. That behavior keeps macro pressure intact.

Additionally, historical breakdowns after similar compressions have been sharp. The scenario envisions rapid volatility expansion if support fails. Such moves typically involve liquidation cascades.

However, the thesis depends on confirmation rather than assumption. A strong weekly reclaim above the trendline would invalidate the warning. Until then, vulnerability persists near $1.30–$1.40.

Broadening Wedge Offers Breakout Path

According to crypto analyst JD, XRP price trades inside a descending broadening wedge with expanding internal swings. Unlike a standard channel, this structure can precede powerful upside resolutions. Price currently rests near the lower boundary.

The recent bounce implies selling pressure may be weakening around support. Stabilization beneath the upper line could allow energy to build. Traders often watch for compression before release.

Furthermore, a decisive push through resistance could activate a measured move. The projected objective equals the wedge height. That framework outlines meaningful recovery potential.

Still, validation requires a breakout with participation. Without volume expansion, rejection risk remains high. The boundary therefore acts as the trigger level.

The post XRP Price Analysis: $1.30 Support Holds Amid $1.07 Crash Risk appeared first on CoinCentral.