XRP is approaching a major technical decision point as a TradingView analyst argues that the token is retesting a long-term support structure that has shaped several previous cycle lows.
TL;DR
TradingView analyst weslad says XRP is retesting a multi-year ascending support structure.
The broader bullish case depends on buyers defending the current demand area.
The analyst says a successful hold could open a path back toward previous highs and possibly $4.50-$5.00.
A later update warned that bears still control the descending structure below the $1.50 supply zone.
The TradingView analysis says XRP has continued to respect a long-term ascending trendline, a structure the analyst says has supported major cycle lows since 2020. After rejection near the upper boundary of a multi-year range, XRP has moved into a corrective phase and is now approaching a key demand area.
XRP Bulls Need To Defend The Trendline
The bullish version of the setup is simple: if XRP can hold the dynami
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