Dec 4, 2025
6 0
XRP Next Support Level May Drop to $1.2, Analyst Warns
An analyst has identified a potential support level for XRP at $1.2 if the current support in its Parallel Channel breaks.
XRP's Current Technical Pattern
- XRP is trading within a Parallel Channel, indicating sideways movement.
- The channel consists of two parallel trendlines: resistance (upper) and support (lower).
- A price breakout above the upper line suggests a bullish trend; below the lower line suggests a bearish trend.
The 3-day XRP chart shows that the price recently tested the channel's lower support at $2 and rebounded, maintaining support for now. If this support fails, the next significant level could be $1.2, based on the channel's height.
Other Cryptocurrencies
- Ethereum's daily price also appears to be trading within a Parallel Channel over several years, as noted by the same analyst.
Current XRP Price
- XRP has increased to $2.17 amid a broader cryptocurrency market recovery.
