{"id":56695,"date":"2025-12-04T12:41:30","date_gmt":"2025-12-04T05:41:30","guid":{"rendered":"https:\/\/hbbgroup.net\/next-key-xrp-level-could-be-1-2-if-current-support-fails-says-analyst\/"},"modified":"2025-12-04T12:41:30","modified_gmt":"2025-12-04T05:41:30","slug":"next-key-xrp-level-could-be-1-2-if-current-support-fails-says-analyst","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/next-key-xrp-level-could-be-1-2-if-current-support-fails-says-analyst\/","title":{"rendered":"Next Key XRP Level Could Be $1.2 If Current Support Fails, Says Analyst"},"content":{"rendered":"
\n
\t\t\t\t\t\t\t\"XRP\"\t\t\t\t\t\t<\/figure>\n
\n
\n
\n

Reason to trust<\/h3>\n

<\/p>\n<\/p><\/div>\n

\n
\n
<\/svg> <\/p>\n

Strict editorial policy that focuses on accuracy, relevance, and impartiality<\/p>\n<\/p><\/div>\n

<\/svg> <\/p>\n

Created by industry experts and meticulously reviewed<\/p>\n<\/p><\/div>\n

<\/svg> <\/p>\n

The highest standards in reporting and publishing<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n
How Our News is Made<\/h5>\n<\/p><\/div>\n

Strict editorial policy that focuses on accuracy, relevance, and impartiality<\/p>\n<\/p><\/div>\n

\n
\n
Ad discliamer<\/h5>\n<\/p><\/div>\n

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n

A cryptocurrency analyst has pointed out how the next XRP support may be $1.2 if the lower level of the asset\u2019s Parallel Channel breaks down.<\/p>\n

XRP Is Currently Above A Parallel Channel\u2019s Support Level<\/h2>\n

In a new post<\/a> on X, analyst Ali Martinez has shared a pattern that has been forming in the 3-day price of XRP. The pattern in question is a Parallel Channel<\/a>, a type of consolidation channel in technical analysis (TA)<\/a>.<\/p>\n

A Parallel Channel appears whenever an asset\u2019s price consolidates between two parallel trendlines. The upper level of the pattern tends to be a source of resistance, while the lower one that of support. Together, the two lines keep the asset locked in the range between them.<\/p>\n

Either of the levels not holding up can imply a continuation of the trend in that direction. This breakout is bullish when the price breaks the upper level, while bearish in the case of the lower one.<\/p>\n

Based on how the channel is aligned relative to the graph axes, Parallel Channels can be divided into a few types. The Ascending Channel corresponds to the case when the channel has a positive slope. Similarly, the Descending Channel is the type where consolidation occurs to a net downside.<\/p>\n

The channel that XRP has been following over the past year falls in neither category, however, as it belongs to the third and simplest case: a Parallel Channel that\u2019s also parallel to the time-axis. This pattern naturally signifies a phase of true sideways movement in the price.<\/p>\n

Now, here is the chart shared by Martinez that shows the Parallel Channel that the 3-day price of XRP is trading inside:<\/p>\n

\"XRP
The price of the coin is currently hovering near the lower level of the pattern | Source: @ali_charts on X<\/a><\/figcaption><\/figure>\n

As displayed in the above graph, the 3-day XRP price recently retested the Parallel Channel\u2019s lower level situated at $2. The coin has since rebounded, indicating that support is holding for now.<\/p>\n

In the scenario that the coin returns to the level and a retest fails, the analyst has noted that the next level that stands out is the $1.2 level. This level and the support line are separated by the same distance as the height of the Parallel Channel. It now remains to be seen how XRP will develop in the near future and whether the rebound will continue to hold.<\/p>\n

XRP isn\u2019t the only cryptocurrency that has been following a Parallel Channel recently. As Martinez has pointed out in another X post<\/a>, Ethereum<\/a>\u2018s daily price has seemingly been trading inside such a pattern for a few years now.<\/p>\n

\"Ethereum
Looks like the ETH 1-day price found rejection at the channel\u2019s resistance earlier in the year | Source: @ali_charts on X<\/a><\/figcaption><\/figure>\n

XRP Price<\/h2>\n

XRP has shot up alongside the rest of the cryptocurrency sector as its price has recovered to $2.17.<\/p>\n

\"XRP
The trend in the price of the coin over the last five days | Source: XRPUSDT on TradingView<\/a><\/figcaption><\/figure>\n

Featured image from Dall-E, charts from TradingView.com<\/p>\n<\/p><\/div>\n<\/p><\/div>\n

\n

\"Keshav\t\t<\/p>\n

\n

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. <\/p>\n

\n

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.<\/p>\n

In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.<\/p>\n

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.<\/p>\n

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..<\/p>\n

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. <\/p>\n

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.<\/p>\n

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.<\/p>\n

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.<\/p>\n

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

Disclaimer:<\/strong> The information found on NewsBTC is for educational purposes \t\t\t\t\t\t\tonly. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any \t\t\t\t\t\t\tinvestments and naturally investing carries risks. You are advised to conduct your own \t\t\t\t\t\t\tresearch before making any investment decisions. Use information provided on this website \t\t\t\t\t\t\tentirely at your own risk.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed […]<\/p>","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-56695","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/56695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=56695"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/56695\/revisions"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=56695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=56695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=56695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}