XRP made a decisive move yesterday, breaking above the $1.50 resistance level, known as the “Adam & Eve” neckline. According to analyst ChartNerd, this breakout marks a pivotal moment, as the cryptocurrency must sustain above this threshold to confirm bullish momentum.
Analyst ChartNerd warned that if XRP cannot stay above $1.50, it may slide back toward its ascending support line, which has been holding up prices for weeks. “Price must now sustain above the neckline, or we resort back to ascending support for a higher low,” the analyst said. ChartNerd also added that $1.80 remains the target.
Later, ChartNerd pointed to another key level called the “Q4 Triangle Crossroad.” This area is where long-term rising support meets long-term falling resistance. According to the analyst, XRP is heading towards this intersection, expected by late 2026.
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ChartNerd cautions that a drop to $0.80–$0.70 could put pressure on smaller investors, creating a short-term pullback. However, if XRP holds these levels, it could pave the way for a stronger upward move.
(adsbygoogle = window.adsbygoogle || []).push({});XRP price history also confirms that the price follows a cyclical pattern, moving between key support and resistance levels over the past few years. CW, a crypto analyst, pointed out that the lower end of the long-term rising channel acted as a reliable ‘floor’ for the price. Another key indicator is the appearance of the green Heikin Ashi candle, which could indicate the end of the bearish pressure and the resumption of the uptrend.
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Recoveries from the support level in the past, in 2017 and 2024, resulted in impressive price rallies, which confirms that the price respects this level. It is essential to observe the price action closely as the price needs to remain above this level. If the price falls below this level, the price momentum could be at risk; however, the price is already showing positive momentum to achieve the $1.80 target price.
Related: XRP Price Prediction: XRP Fails at $1.60 as SEC Signals Softer Approach
