XRP’s worth motion has revisited and retested a resistance stage that it already broke out from on the month-to-month candlestick timeframe chart. According to 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 like one thing it has finished earlier than.
Despite the present bearish worth motion, the technical evaluation is pointing to a rebound to considerably increased worth targets, with the measured transfer projecting a run to as excessive as $15.
XRP Pulls Back To Test Broken Resistance
XRP’s worth motion up to now week has been notably bearish, with the cryptocurrency shedding worth assist ranges upon worth assist ranges. This worth crash noticed XRP fall from above $1.90 within the final week of January to finally backside round $1.15 on February 5, its deepest one-week pullback in latest months. Although a rebound followed the February 5 low, the broader tone of the previous week has but to show totally bullish.
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Interestingly, this crash suits into a bigger bearish development that has been playing out for multiple months on the month-to-month timeframe. XRP’s worth motion on the month-to-month candlestick timeframe chart reveals the cryptocurrency is now on 5 consecutive purple month-to-month candlesticks.
The most up-to-date purple candlestick shut was in January, the place it closed with a unfavourable 10.6% beneath its open. February buying and selling is displaying little proof of a decisive reversal up to now, and XRP has prolonged its losses by 13% because the starting of the month, based on data from CryptoRank.
According to technical analysis shared by Javon Marks, the latest downturn corresponds to a well-recognized conduct 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 worth 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 increased.
Measured Move Projection Targets $15
Now that XRP has rebounded from this trendline, the necessary 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 analogous trendline retest occurred again in 2017.
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The chart above exhibits a chronic interval of compression inside converging trendlines earlier than XRP lastly resolved increased. By projecting the peak of that consolidation from the breakout level, Marks locations the following main worth goal above the $15 stage. According to Marks, this retest could also be what sends XRP on a serious push to $15.
At the time of writing, XRP is buying and selling at $1.43, having rebounded by about 24% from its February 5 low.
Featured Image from Adobe Stock, chart from Tradingview.com
