XRP is trading slightly above $1.31 on the 4-hour chart, holding support at $1.3145 despite recent selling pressure. The current price action has generated renewed interest among market observers as technical levels come into focus.
Analyst commentary on bullish momentum
Levi Rietveld, founder of Crypto Crusaders, highlighted that XRP bulls may only be at the beginning of a larger move. He indicated that the recent defense of support levels and continued buyer activity suggest further upside could be on the horizon for the asset.
The 4-hour chart, covering roughly two months of trading, shows that XRP surged up to $1.6987 in late August, hitting a major local high. Following this climb, the price faced consistent resistance from a descending trendline that connected lower highs through both late August and mid-September.
In late September, XRP broke above this diagonal resistance, briefly pushing up to the $1.65 area. This move demonstrated a return of bullish momentum, with buyers absorbing supply during pullbacks and higher prices becoming attainable.
Two horizontal levels at $1.3619 and $1.3145 now serve as key supports following the recent retracement from the September highs. These zones have become crucial in providing price stability and testing buyers’ resilience through the October consolidation phase.
A breakout above $1.34 could propel XRP toward $1.36 and $1.40 as bullish momentum builds, with recent technical action confirming that buyers have begun to regain control after a period of sustained selling pressure.
Key chart levels and upside targets
Since retreating from the September peak near $1.65, XRP has consolidated between $1.27 and $1.38. Some analysts have anticipated a deeper pullback by year-end, but Rietveld points out that reclaiming $1.3619 could become a pivot point for the next rally. A move above $1.34 is considered critical for advancing toward higher resistance targets.
The $1.40 level has become an important area to watch, marking former support that turned into resistance during the October decline. A clear break above this threshold could bolster bullish sentiment further and set the stage for a possible retest of the September highs.
Market dynamics and meme token trends
The recent breach of the descending resistance line delivered a notable rally from around $1.30 to $1.65, underlining buyers’ ability to absorb heavy selling and drive prices higher once major technical barriers are cleared.
Beyond XRP, tracking investor activity and timing is becoming increasingly significant, especially in the rapidly-evolving meme token market. One example stands out: Fomo App shows that an initial $99 investment in the token “Niu Lai” recently surged to approximately $370,000, illustrating how quickly internet trends can generate outsized interest and returns in this sector.
Monitoring price action alongside investor behavior, token discovery, and real-time trading signals is now essential for staying ahead in these volatile markets. Fomo App, for instance, consolidates token discovery and trading onto a single platform with social feeds, investor rankings, and trade notifications, helping traders keep pace with emerging meme token opportunities.
Outlook for XRP bulls
Rietveld maintains that XRP is in a “comeback season,” emphasizing that bulls appear to be positioning for a sustained uptrend. Clearing $1.34 remains essential for opening moves toward $1.36 and the significant resistance at $1.40. If these levels are surpassed, the previous September high at $1.65 may come back into focus as a long-term reference for further rallies.
