XRP’s value motion has revisited and retested a resistance stage that it already broke out from on the month-to-month candlestick timeframe chart. In accordance with a technical evaluation shared on the social media platform X by crypto analyst Javon Marks, this retest is a part of a broader continuation construction, very similar to one thing it has performed earlier than.
Regardless of the present bearish value motion, the technical evaluation is pointing to a rebound to considerably larger value targets, with the measured transfer projecting a run to as excessive as $15.
XRP Pulls Again To Check Damaged Resistance
XRP’s value motion up to now week has been notably bearish, with the cryptocurrency dropping value assist ranges upon value assist ranges. This value crash noticed XRP fall from above $1.90 within the final week of January to ultimately backside round $1.15 on February 5, its deepest one-week pullback in latest months. Though a rebound followed the February 5 low, the broader tone of the previous week has but to show totally bullish.
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Curiously, this crash matches into a bigger bearish development that has been playing out for multiple months on the month-to-month timeframe. XRP’s value motion on the month-to-month candlestick timeframe chart reveals the cryptocurrency is now on 5 consecutive pink month-to-month candlesticks.
The latest pink candlestick shut was in January, the place it closed with a destructive 10.6% beneath its open. February buying and selling is displaying little proof of a decisive reversal to date, and XRP has prolonged its losses by 13% because the starting of the month, in line with data from CryptoRank.
In accordance with technical analysis shared by Javon Marks, the latest downturn corresponds to a well-known habits that appeared in XRP’s long-term chart historical past again in 2017. Marks identified that the slide to $1.15 on February 5 coincided with a retest of a long-term descending trendline that had capped XRP’s value motion because the $3.40 peak in 2018. That trendline was stored intact for years earlier than lastly breaking in 2025, throughout XRP’s advance towards a brand new all-time excessive of $3.65 in July 2025.
The chart accompanying Marks’ evaluation, which is proven beneath, demonstrates how February’s wick low exactly tagged this resistance trendline earlier than it bounced larger.
Measured Transfer Projection Targets $15
Now that XRP has rebounded from this trendline, the vital factor is predicting what happens from here. The analyst’s outlook is constructed round a measured transfer derived from how XRP performed out the final time such an identical trendline retest occurred again in 2017.
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The chart above reveals a protracted interval of compression inside converging trendlines earlier than XRP lastly resolved larger. By projecting the peak of that consolidation from the breakout level, Marks locations the subsequent main value goal above the $15 stage. In accordance with Marks, this retest could also be what sends XRP on a significant push to $15.
On the time of writing, XRP is buying and selling at $1.43, having rebounded by about 24% from its February 5 low.
Featured Picture from Adobe Inventory, chart from Tradingview.com
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