XRP is trading at $1.37, down nearly 15% over the past week and 33% in the last 30 days, as bearish sentiment continues to weigh on the Ripple token.
However, a widely followed analyst says the monthly chart is showing a long-term ascending channel with support at $0.85–$0.95, a zone he believes could mark the entry point for institutional capital that has yet to return to the market.
Monthly Structure Shows Nine-Year Support Zone
The technical case for a potential reversal rests entirely on the monthly timeframe, according to analyst Arthur, who posted a detailed thread on X early Wednesday. His chart tracks XRP from March 2017 to the present, with each candlestick representing a full month of trading. The lower boundary of an ascending channel, tested repeatedly over nine years, now sits at $0.85–$0.95, which is roughly 30% below current prices.
“This is a monthly structural read, backed by macro and long-term volume behavior,” Arthur wrote. “The bottom of the monthly chan
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