Analyst Says XRP Is Still Looking Bullish. Here’s why

XRP has entered a consolidation phase after recording a sharp move from the $1.00 area, but Financial Expert Levi believes the recent price action supports a bullish outlook.

In a post on X, Levi highlighted the $1.45-$1.50 range as an important zone for XRP. He explained that holding this area would preserve the current bullish structure.

His analysis comes as XRP trades significantly above the levels seen earlier in August. The chart attached to his post shows XRP breaking above a prolonged period of declining price action before accelerating toward the $1.70 region. The subsequent pullback has brought the token back toward $1.45, where Levi is now watching for consolidation.

Levi Highlights $1.45-$1.50 Support Zone

Levi stated that “$XRP is still looking bullish!!” He noted that XRP is currently consolidating around $1.45 following what he described as an explosive move from $1.00.

According to his analysis, the $1.45-$1.50 range has become particularly important for the continuation of the recent bullish structure. Levi said holding this zone would keep that structure intact, indicating that he is focused on whether XRP can maintain its position following the sharp upward move.

The attached four-hour chart provides the technical context for his view. XRP spent much of the period shown trading below $1.20, with the price repeatedly moving lower before establishing a base around the $1.00-$1.05 level.

The chart also shows a descending trendline connecting several lower highs during the decline. XRP eventually moved above that trendline and then broke through $1.12, which preceded the much stronger upward move.

XRP Pulls Back After Reaching $1.70

Following the breakout, XRP climbed rapidly from around $1.00 to approximately $1.70. The move represented a substantial increase within a short period and pushed the price well above the resistance levels that had contained it for much of the preceding weeks.

XRP subsequently pulled back from the $1.70 area and began trading around $1.45-$1.55. Levi’s analysis focuses on this consolidation rather than treating the pullback as a reversal of the broader move.

The chart shows XRP currently holding above the previous breakout area, although price remains below the recent high near $1.70. The $1.45-$1.50 region therefore represents the level Levi wants to see maintained as XRP continues to consolidate.

Maintaining the Structure Remains Key

Levi’s analysis does not provide a specific upside price target. Instead, his post focuses on the price level that could determine whether XRP retains its recent bullish structure.

For Levi, continued strength above $1.45-$1.50 would support the argument that XRP is consolidating after its advance rather than losing the breakout gains. A sustained hold of that zone would therefore remain important to his bullish assessment as the market develops its next move.