XRP Is Coiling at a Make or Break Level. Here Are Key Levels to Watch

XRP is approaching a pivotal point on its price chart, according to XRP investor Josiah Gallegos, who believes the digital asset is now trading at a critical technical level that could determine its next major move.

Gallegos posted a chart on X showing XRP compressed between a long-term descending trendline and a major support area around $1.05 and $1.10.

The analyst described the current setup as a “make or break” moment, emphasizing that XRP has spent more than a year trading beneath the downward-sloping resistance line while gradually tightening within an increasingly narrow range.

The chart identifies the current price region as a key decision zone, highlighted by a yellow circle. According to Gallegos, XRP is now positioned at a point where either a breakout or a breakdown could define its medium-term direction.

Year-Long Trendline Remains the Main Obstacle

Gallegos noted that XRP has remained trapped beneath the descending trendline for an extended period, preventing the asset from establishing a sustained bullish trend. Throughout the past year, price action has repeatedly tested resistance while finding support within the $1.05-$1.10 range.

His chart shows XRP recently falling below a previous consolidation range and moving closer to support. Despite several attempts to regain momentum, the asset has yet to break above the long-term resistance level.

According to Gallegos, a successful breakout above the year-long trendline would represent a significant technical development. He stated that such a move, particularly if accompanied by strong trading volume, could alter XRP’s broader market structure and potentially open the door for a stronger upward trend.

The analyst described this scenario as the bullish outcome that traders should monitor closely in the coming weeks.

Market Sentiment Continues to Weigh on Price Action

Gallegos also addressed broader market conditions, noting that recent geopolitical developments have done little to improve sentiment across the cryptocurrency market.

He referenced the recent memorandum of understanding signed between the United States and Iran, stating that the development has not translated into meaningful price appreciation for XRP or the crypto sector in general. At the same time, he pointed to continued military strikes involving Israel as a factor contributing to investor caution.

According to Gallegos, market fear remains elevated, citing a Crypto Fear & Greed Index reading of 20. The low sentiment reading reflects ongoing uncertainty among Crypto investors and may help explain the lack of sustained bullish momentum despite developments that some market participants viewed as positive.

Regulatory Clarity Remains a Key Factor

While outlining both bullish and bearish possibilities, Gallegos stressed that XRP’s support zone remains crucial. He warned that a loss of the $1.05-$1.10 range could cause additional downside pressure and potentially push the asset below the psychologically important $1.00 level.

Beyond technical analysis, Gallegos suggested that meaningful price appreciation across major cryptocurrency projects may ultimately depend on regulatory clarity. He stated that clearer regulatory frameworks could provide the confidence needed for broader market participation and stronger long-term growth.

For now, Gallegos views XRP’s current position as one of the most important technical setups on the chart, with traders watching closely to see whether support holds or the long-standing resistance barrier is finally broken.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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