The XRP price has dropped to a level that one analyst considers the most important point on the chart. The coin now trades near $1.10 after a correction from its December peak above $3.00. This zone is the 50% midpoint of the recent range, a level that previously marked a major cycle bottom in 2021–2023.
Technical analyst @CoinvoTrading posted a weekly XRPUSD chart comparing two market cycles. The 2021–2023 structure shows XRP falling to the 50% midpoint of its high-to-low range before forming a bottom. That bottom preceded a multi-month recovery and eventual breakout. The same logic now applies to the 2024–2026 range. XRP rallied to a new high near $3.40 before correcting lower, and now sits just below the 50% midpoint around the $1.20 area.
The analyst argues this zone offers a high-probability structural support level. The tweet suggests that XRP does not need new fundamental catalysts to move higher, as historical attention and positioning around these key technical levels have produced major price swings in the past.
On the 4-hour chart, XRP is consolidating around $1.10, with buyers defending the $1.09–1.10 zone. The Ultimate Oscillator and Stochastic RSI show improving momentum without being overbought. Immediate resistance levels are at $1.12–1.13 and $1.15–1.16. A breakout above $1.16 would invalidate the series of lower highs, while a break below $1.02 could expose the $1.00 level.
If the 50% level holds as support like in the previous cycle, XRP could stage a major bounce back toward the $3.40 cycle high. However, failure to hold could lead to deeper losses. The weekly chart structure shows higher lows after the 2022–2023 bottom, supporting the bullish case if support defends.
