Analyst Highlights Pivotal Moment for XRP and What to Monitor

crypthub

2 days ago

Key Level Identified

Crypto analyst Steph Is Crypto points out that XRP is retesting the $1.99 region, a major rejection point from 2017. He calls this a potential turning point and stresses that staying above the zone would confirm a long‑term reversal. The monthly chart shows a clear structure around this level.

Historical Barriers

Previous rejections at $1.99 (2017), $1.60 (2021) and $0.70 (2023) have acted as long‑standing ceilings for XRP. Earlier this year the price broke above $1.99 and now revisits the same barrier. Converting this resistance into support would signal renewed strength in the asset’s price framework.

Potential Outcomes

A sustained hold above $1.99 over the next few monthly candles could mark the first lasting uptrend since late 2024. If the level fails, price may fall toward $1.60, which previously served as resistance and now could act as support, with $0.70 as a deeper reference. Market participants are closely watching this zone to gauge XRP’s future direction.