XRP continued to consolidate near a key level in recent weeks, prompting close attention from analysts and traders. The cryptocurrency posted a current price of $1.3485, sitting directly on a support zone that has proven significant in recent trading sessions. Levi Rietveld, a well-known crypto enthusiast and founder of Crypto Crusaders, has provided technical commentary suggesting a potential rebound if critical markers are surpassed.
The Chart In Focus
Technical analysis reveals that XRP moved in a narrow, descending channel through early and mid-August, pushing price action close to the $1 mark. Two notable horizontal bands anchor the chart, with a blue line at $1.0314 and a red line at $1.1228, representing the primary base for the asset’s most recent upward surge.
Around August 19, XRP experienced a significant breakout, rising rapidly from approximately $1.05 to nearly $1.70 within several days. This rally accounted for gains exceeding 60% from the base price, drawing renewed interest to the digital asset. Following this run-up, XRP retraced some of its movement and began a gradual pullback.
Since reaching its peak, XRP’s price has declined in a steady manner, moving down from the $1.55–$1.60 band to levels hovering just above $1.35. Important horizontal zones between $1.30 and $1.35 have repeatedly served as references and short-term support during this period of consolidation.
The Level to Watch
Rietveld has highlighted $1.35 as a vital support level for XRP. According to his analysis, the price has consistently held above this area, with multiple tests failing to break lower. The resistance to watch sits at $1.40, which he identifies as a trigger for renewed momentum if surpassed. Should XRP reclaim and maintain above $1.40, Rietveld suggests the next targets would be $1.45 to $1.50.
“$1.35 is holding, and a reclaim of $1.40 could send XRP toward $1.45 to $1.50 fast. XRP could absolutely rip higher!”
| Level | Type | Status |
|---|---|---|
| $1.31–$1.35 | Support | Held |
| $1.40 | Resistance | Key to next move |
| $1.45–$1.50 | Target | Potential if $1.40 breaks |
A move from the current price to the anticipated target zone would represent an advance of around 7% to 11%. Rietveld has expressed confidence in this technical setup, drawing on the speed of XRP’s previous rally as an indicator for the possibility of a brisk move if the resistance is overcome.
The Bigger Picture
The present market structure echoes the period before XRP’s latest sharp run. The ongoing consolidation near $1.35 mirrors the compression phase of August that led to considerable upward momentum. Many active traders have identified $1.40 as the focal level, regarding a break above as a possible catalyst for another leg upward.
Crypto Crusaders, led by Levi Rietveld, is a digital asset analysis community known for its market breakdowns and chart-based strategies. Rietveld’s influence on retail sentiment has made his levels widely observed by market participants.
Mini dictionary: Crypto Crusaders – An online community founded by Levi Rietveld, focused on cryptocurrency market analysis, technical charts, and educational resources for retail traders.
The next trading sessions are likely to determine whether XRP can sustain support and break higher, or if further consolidation will persist below resistance.
