Finance Expert Says XRP Bulls Are Going to Take Control. Here’s the Signal

XRP has entered a critical stage after spending several days trading beneath a descending resistance line on the 4-hour chart. Crypto Crusaders creator Levi Rietveld believes the setup now favors buyers if they can clear one important price level.

His latest chart highlights tightening price action that has developed since the token’s mid-June peak, placing the focus on whether XRP can break higher in the coming sessions.

The Trendline Shaping XRP’s Setup

Rietveld stated that XRP bills are about to take control of the market. The chart shows the asset reaching a high near $1.29 before entering a steady decline marked by lower highs. Rietveld’s descending trendline begins at that peak and extends across several failed recovery attempts, making it the most significant technical level on the chart.

XRP has gradually worked its way back toward that resistance. Instead of another sharp decline, the asset has traded within a narrowing range around $1.04, keeping the trendline within reach.

Price Compression Continues to Build

Recent candles reveal a period of consolidation rather than strong directional movement. XRP has held above recent swing lows while repeatedly testing the descending resistance from below.

Rietveld wrote, “That kind of compression rarely lasts.” His view reflects the tightening structure shown on the chart, where the gap between resistance and nearby support has continued to shrink over several trading sessions.

The Breakout Trigger

According to Rietveld, the key level to watch sits at $1.06. Other experts have highlighted $1.06 as immediate resistance for XRP, and Rietveld wrote, “A decisive breakout above $1.06 could trigger a strong rally toward $1.10–$1.12.”

A move above it would also place XRP beyond several recent lower highs, giving buyers an opportunity to build stronger short-term momentum. If XRP clears $1.06, traders will likely monitor whether the asset can maintain momentum as it approaches those levels.

Traders Await Confirmation

The chart does not display trading volume, so price action remains the primary source of confirmation. A sustained move above both the descending trendline and $1.06 would strengthen the bullish case outlined by Rietveld.

For now, XRP continues to trade just below the key resistance that has limited advances since its peak in June. This move extended a consolidation phase that has lasted for months, and the tightening structure suggests that a larger move could follow once price escapes the current range.

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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