The XRP price may be preparing for one long-awaited recoveryas a crypto analyst just highlighted a critical area that could turn the cryptocurrency’s downward momentum into bullish momentum. According to the market expert, XRP needs to regain the Ichimoku base before it can resume its upward momentum to new levels.
XRP price recovery resumes above Ichimoku base
Market analyst Xaif Crypto went to X on Thursday deliver a new weekly update on XRP as the cryptocurrency enters a crucial technical area after months downward pressure. The attached chart shows the price retreating from a previous peak in late 2024 and sliding back into a clearly marked demand zone in the blue box.
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According to the analyst, the recent pullback follows a clear downtrend, with lower highs pushing the price back toward a previous consolidation zone. This blue-box area represents the main battlefield, as previous trading activity has built a base that could act as support if XRP were to revisit that level.
So far, XRP appears to be stabilizing within this demand zone. Candles on the chart show hesitation and reduced selling pressure. The graph also draws attention to an Ichimoku structurewith XRP trying to regain its Ichimoku base. According to Xaif Crypto, this foundation will determine XRP’s next big move.
The analyst has suggested that regaining this level could indicate a possible shift in the economy market sentiment. He revealed that a strong close above could encourage a continuation of the price, weakening the ongoing downtrend and giving buyers more room to target higher resistance levels. Conversely, Xaif Crypto predicts that a breakthrough among the Ichimoku base would likely lead to one deeper correction for XRPbecause the support would be lost and sales could accelerate.
For now, XRP is at a make-or-break level That could decide whether it recovers from the current slump. Xaif Crypto’s chart has outlined potential targets if the cryptocurrency manages to regain and hold the Ichimoku base. Currently hovering around $1.95, XRP faces potential bullish targets at $2.09, $2.20, $2.31, and $2.45. The analyst has also emphasized that traders and investors should keep a close eye on the weekly close to get confirmation of a sustainable recovery.
Analyst Says XRP Is Planning a Major Turnaround
Despite the stock falling below $2 earlier this week, analysts are holding firm optimistic about XRP’s price prospects. According to market expert Crypto GVR, XRP could attempt a major price reversal from the $1-$1.5 range. Based on his chart analysis, the analyst said predicts that XRP could first drop from its current price around $1.95 to around $1.13 before sharply returning to new highs.
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He has set a bullish target at $3.25. which marks the next upside for XRP. If XRP were to crash to $1.13 and then rise to $3.25, this would represent a staggering 187% increase in value.
Featured image from Getty Images, chart from Tradingview.com