XRP analysts watch key support zone as $12 price target emerges

XRP is retesting a multi-year support zone as some analysts point to a possible rebound, while a breakdown could expose deeper losses.

XRP (XRP) is retesting a long-term support zone that analysts say has historically preceded major rebounds, though the setup remains vulnerable to a breakdown.

Key takeaways:

MikybullCrypto's chart shows XRP trading inside a rising channel that has guided price action since 2014. XRP is now near the channel’s lower trendline around $1.30–$1.40, a zone that previously acted as a launchpad for large upside moves.

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