XRP Is Caressing Its 13 Month Support Base. Here’s the Significance

Crypto analyst ChartNerd (@ChartNerdTA) is closely tracking XRP as the asset trades at a level that has defined its structure for more than a year. In his latest chart analysis, the focus is not on short-term volatility but on a long-established support base that now sits under direct pressure. XRP’s price action has compressed into a narrowing range, forcing what ChartNerd views as a decisive moment for the asset. It currently sits on a 13-month support zone that has repeatedly absorbed selling pressure. According to the analyst, this area represents the dividing line between continuation and a deeper corrective move. The chart shows XRP trading within a descending broadening wedge , a structure defined by lower highs and volatility. While the pattern allows for both outcomes, ChartNerd emphasized that the support base must hold to sustain bullish momentum. He described the setup as “the fine line between moonshot, or the...

https://timestabloid.com/xrp-is-caressing-its-13-month-support-base-heres-the-significance/