The price rise in XRP has accelerated again. In recent transactions, XRP rose above the $ 1.42 level and attracted the attention of investors and technical analysis followers. Persistence above this level indicates a critical period for technical indicators. This movement, which reminds us of an important upward formation in 2025, has made the possibility of a new rally in the short term moot.
Familiar bullish formation from 2025 on the chart
The current price structure followed in the XRP market has led technical analysts to evaluate that a chart formation known as the precursor of large price increases in the past is repeated. Analysts stated that the “bull pennant” formation seen in 2025, which enabled XRP to gain 66% in value in less than two weeks, is on the agenda again.
In this technical structure, the price fluctuates sideways or slightly downwards for a while after a sudden rise; Then, a move to upper levels may occur with a new rise. The fact that both the 20-day and 50-day moving averages are currently giving an upward intersection signal in XRP stands out among the details that point to positive technical aspects.
$1.40 and $1.42 are the main supports and resistances
There are two critical levels on investors’ radar for now: $1.40 and $1.42 band. The $1.40 point stands out as both an important psychological support and the upper limit of the pennant structure. The price rose from $1.4011 to $1.4184 during the day, bringing the total gain for the week close to 9%. A $74.6 million volume increase around 1 p.m. pushed the price as high as $1.4207; Afterwards, a stabilization was observed between 1,417 and 1,420 dollars.
Analysts evaluated, “Repeated tests of $1.42 in XRP show that the resistance nature of this level has weakened. The failure of the sellers to provide a strong withdrawal may pave the way for an upward movement.”
According to comparative analysis on various platforms, liquidity on the Binance exchange has fallen to its lowest levels in the last four years. When this liquidity contraction occurs in the market, sharp movements can often occur after prices break a certain range. It is claimed that there is a preparation in this direction in the latest price structure.
Main scenarios and expectations in the short term
XRP has been maintaining its upward trend with low lows for a while. If the $ 1.42 level is crossed cleanly, new targets between $ 1.47 and $ 1.50 may technically come to the fore. However, if the upward reaction is not permanent and a sales wave occurs, the range between 1.34 and 1.37 dollars stands out as the main support zone to be followed first.
In particular, investors think that holding above $1.40 and clearly exceeding $1.42 will determine the short-term price direction. CryptoAppsy According to data, the volume increases seen in XRP transactions in a short time also indicate that investor interest continues.
