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XRP Holds Up Better Than Most Cryptos as Price Faces Second Test of Key Support

source-logo  thecryptobasic.com 1 h
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$XRP is showing more resilience than several other crypto assets in the ongoing market correction, according to More Crypto Online, which identified a support zone that could determine the token’s next major move.

In a recent post on X, the digital asset research platform noted that $XRP has held up better than many crypto charts after a three-wave corrective decline from its August high.

The analyst identified the $1.10–$1.29 range as $XRP’s main support zone, noting that the area is now being tested for the second time.

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More Crypto Online also shared a follow-up YouTube analysis explaining what traders should watch for next and what could confirm the continuation of $XRP’s larger uptrend.

$XRP Tests Key Support Between $1.10 and $1.29

According to More Crypto Online, $XRP’s drop from its August high appears to be happening in three waves. This pattern suggests another upward move if $XRP holds its key support levels.

The analyst highlighted three important price levels:

  • $1.29 – 50% Fibonacci level.
  • $1.21 – 61.8% Fibonacci level.
  • $1.10 – 78.6% Fibonacci level.

Together, these levels form a key support zone between $1.10 and $1.29, which $XRP is currently testing.

More Crypto Online noted that $XRP is performing better than some other cryptocurrencies, which have already fallen below their August lows or are close to doing so.

However, $XRP has not yet confirmed a bottom. Holding this support zone does not guarantee a recovery, so traders will need to watch how the price reacts.

$XRP 1-Day price chart by More Crypto Online highlighting 3 support levels for next uptrend.

What $XRP Needs to Confirm a Bigger Rally

According to More Crypto Online, $XRP needs to form a clear five-wave upward move to confirm that its larger uptrend is continuing.

The analyst explained that $XRP’s August rally and the subsequent pullback are not enough to confirm a strong bullish trend. The price needs to show more upward movement to prove that buyers are taking control. Notably, the chart shows an upside target zone between $2.06 and $2.86.

Meanwhile, there is also a chance that $XRP’s next recovery could be temporary rather than the start of a bigger rally. A three-wave move would suggest a weaker recovery, while a five-wave move would provide stronger bullish confirmation.

Could It Reach $11.45?

More Crypto Online also discussed the possibility of $XRP reaching $11.45 in the long term. However, this remains a distant possibility and would require $XRP to complete a much larger five-wave upward move. If that happens, it would mark the start of a move toward new all-time highs.

For now, the analyst says traders should watch two important things:

  • Support: $XRP needs to hold the $1.10–$1.29 support zone and show a strong recovery.
  • Bullish confirmation: The recovery should form a five-wave pattern, suggesting that a local bottom may be in.

Until these signals appear, $XRP may continue falling, even if it performs better than other cryptocurrencies.

thecryptobasic.com