XRP’s price action has revisited and retested a resistance level where it already broke out on the monthly candlestick time chart. According to a technical analysis shared by crypto analyst Javon Marks on social media platform X, this retest is part of a broader continuation structure, similar to something that has been done before.
Despite the current bearish price action, the technical analysis is indicates a rebound significantly higher price targets, with the measured movement predicting an increase of up to $15.
XRP Retreats to Test Broken Resistance
XRP’s price action from the past week has been notably bearish, with the cryptocurrency losing more and more price support levels. This price crash caused XRP to fall from above $1.90 in the last week of January to finally around $1.15 on February 5, the deepest one-week drop in recent months. Although a the recovery followed the February 5 lowthe broader tone of the past week has yet to turn fully bullish.
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Interestingly enough, this crash fits into a larger bearish trend that has been going on playing for several months on the monthly time frame. XRP’s price action on the monthly candlestick time chart shows that the cryptocurrency is now on five consecutive red monthly candlesticks.
The most recent close of the red candlestick was in January, where it closed at a negative 10.6% below the open. February trading so far shows little evidence of a decisive reversal, and XRP has extended its losses by 13% since the start of the month, according to data from CryptoRank.
According to technical analysis divided by Javon Marks, the recent downturn matches a well-known behavior that appeared in XRP’s long-term chart history in 2017. Marks pointed out that the drop to $1.15 on February 5 coincided with a retest of a long-term declining trendline that had capped XRP’s price action since its 2018 peak of $3.40. That trendline was kept intact for years before finally breaking in 2025, during 2025.
The chart accompanying Marks’ analysis, shown below, shows how February’s Wick Low precisely marked this resistance trendline before bouncing higher.
Measured Displacement Projection Targets $15
Now that XRP has recovered from this trendline, what matters most predict what happens from here. The analyst’s outlook is based on a measured move derived from how XRP played out the last time such a similar trendline retest occurred in 2017.
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The chart above shows a prolonged period of compression within converging trendlines before XRP finally broke higher. By projecting the height of that consolidation from the breakout point, Marks places the next major price target above the $15 level. According to Marks, this retest could give XRP a big boost to $15.
At the time of writing, XRP is trading at $1.43, approximately reflected 24% from February 5 low.
Featured image from Adobe Stock, chart from Tradingview.com