XRP traded near $1.51 on Tuesday as crypto analyst Bird outlined a new technical setup that could define whether the cryptocurrency continues its recent upward momentum toward $1.80. Focus on
XRP traded near $1.51 on Tuesday as crypto analyst Bird outlined a new technical setup that could define whether the cryptocurrency continues its recent upward momentum toward $1.80.
Bird shared his expectations on social media, highlighting a major descending trend line visible on XRP’s four-hour price chart. This trend line, which has previously acted as resistance, now serves as a critical level in Bird’s analysis.
He stated that XRP needs to remain above this descending trend line to sustain its recovery. According to Bird, the first objective is for the price to “work its way through” the current resistance region before targeting $1.80 as the next major technical level.
Chart data indicated that XRP was trading around $1.48 at the time of Bird’s post, with the price having recently moved above the trend line. Bird pointed to the $1.50 area as a short-term resistance zone that the cryptocurrency must navigate in order to continue its ascent.
Bird expects XRP to maintain its position above the descending trend line, move through nearby resistance near $1.50, and then look to challenge the $1.80 price zone. The $1.40 level remains an immediate support below current prices.
He also emphasized the significance of $1.40 as an important support. Bird’s strategy hinges on XRP closing above this threshold, strengthening the case for a move to the next target.
Bird described $1.80 as the main resistance level to monitor in the coming sessions. He suggested that even if XRP approaches this price, there remains a possibility of the cryptocurrency facing rejection near that zone.
At the same time, Bird outlined a more bullish outcome if the $1.80 resistance fails to reject XRP. Under such conditions, he suggested that the pace of price movement could accelerate, potentially turning the current recovery into a more substantial rally.
If XRP moves directly through the $1.80 area without major resistance, the current price structure could shift into a stronger upward trend, reflecting increased bullish sentiment.
The chart provided in Bird’s commentary uses a green circle to mark the $1.80 region as a focal point for traders, illustrating his projected route from the present price range up to that mark.
Fellow market observer $MADE also drew attention to $1.40, noting its historical significance as both resistance and support in previous XRP price movements. According to $MADE, the market will reveal whether $1.40 remains strong support or flips back into resistance.
With the cryptocurrency trading at approximately $1.51, XRP continues to hold above both Bird’s identified trend line and the $1.40 threshold. Bird’s analysis remains centered on the ability of XRP to stay above these levels and close the trading day in positive territory.
Both technical analysts have focused more on maintaining specific price levels than predicting a precise timeframe for the next price move. The consensus currently hinges on keeping XRP above $1.40 and the descending trend line while watching for a breakout toward $1.80.
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For now, analysts expect XRP’s technical structure to determine the strength and duration of its ongoing recovery, with $1.40 and $1.80 as the main levels in focus.
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