XRP is nearing a critical support range between $1.40 and $1.50, as analysts revise their technical outlook from an impulse move to a flat correction structure. Market analyst XForceGlobal shared updated charts indicating that XRP may be concluding its corrective phase, with the potential for a long-term recovery if the current support holds.
The revised analysis suggests that the $1.40 to $1.50 range is a significant holding zone, where selling pressure could diminish. If XRP maintains this level, it could pave the way for a broader upside, potentially reaching above $5. The analysis emphasizes the importance of understanding distribution behavior in refining the technical outlook from an impulse-based scenario to a flatter correction model.
XRP Approaches Key Support Level Amid Revised Technical Outlook
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