- XRP price is testing the $1.35-$1.38 demand zone.
- Matthew Dixon sees a possible major bottom near current levels.
- Ali Martinez identifies $1.86 as a key breakout level.
The XRP price is testing a key demand zone after losing part of its recent rally. XRP climbed 71.8% from $0.988 to $1.698 before entering a 20% correction. Analysts now watch the $1.35-$1.38 area for signs that buyers may return.
The latest setup keeps the broader recovery uncertain. Matthew Dixon sees a possible major bottom, while Ali Martinez points to heavy trading activity around current support.
XRP Price Finds Heavy Demand Around the $1.35 Level
The XRP price has entered an important zone after falling from its recent high. Ali Martinez said about 3.2 billion XRP traded between $1.35 and $1.38. That volume creates a clear area for traders to monitor during the correction.
The XRP price could face resistance at $1.60 if buyers regain control. Martinez identifies $1.68 and $1.86 as additional resistance areas. About 1.99 billion XRP traded around $1.60, while 1.98 billion traded near $1.68.
Dixon takes a broader view of the chart. He said XRP may have completed an A-B-C correction after falling from about $3.65. He also noted the move toward the $1.00 area and the later weekly rebound.
Dixon describes the setup as a potential major bottom, rather than a confirmed new bull trend. His view requires further price confirmation before the broader trend changes.
XRP Price Needs Breakout Confirmation Above Key Resistance
The XRP price needs to hold the $1.20-$1.30 region to preserve Dixon’s bullish setup. A move above $1.70 would provide stronger evidence that buyers have regained control.
A break above $2.00 would provide another technical confirmation for the larger recovery structure. Martinez instead identifies $1.86 as the key level before the next major target. His chart places the next resistance around $2.19, where 3.12 billion XRP previously traded.
The XRP price also faces downside risk if buyers lose the current demand zone. Dixon warns that a weekly close below $0.94 could weaken the setup. His downside levels then sit around $0.75 and $0.55-$0.60.
For now, the XRP price sits between a heavy demand area near $1.35 and resistance stretching toward $1.86. The reaction around those levels will provide the next technical signal.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
