Ripple (XRP) is seeking direction at a key price level following a recent correction. In the market, whether it can break through the resistance level around $1.19 is cited as the core variable that will determine its short-term trajectory. It currently ranks sixth in market capitalization according to CoinMarketCap.

According to the virtual asset market, XRP has been under downward pressure over the past 24 hours, showing a bearish trend. However, the $1.13 level, which is evaluated as a key support line on the weekly chart, is still being maintained, leading to assessments that it is too early to conclude that the trend has been damaged.

From a technical analysis perspective, a double bottom pattern is being observed on the four-hour chart. However, even after the price temporarily broke above the $1.18–$1.19 range, it failed to stabilize, and the process of confirming the strength of buying pressure continues.

Upside Scenario: $1.24 → $1.29 Market participants are presenting $1.24 as the first target range if the resistance level is decisively broken and stabilizes on a closing-price basis. Subsequently, if upward momentum continues alongside an increase in trading volume, the possibility of additional gains up to around $1.29 is also being discussed.

Downside Scenario: Declining Confidence if It Falls Below $1.18 On the other hand, some analysts note that if the price is pushed back below $1.18 after a breakout attempt, the reliability of the bullish pattern could diminish. In this case, expectations for a short-term rebound may weaken, and investor sentiment could contract.

Experts are also noting that XRP has been showing relatively weaker performance compared to Bitcoin and Solana during the recent rebound phase. Accordingly, the current point is evaluated as being closer to a testing ground for gauging future direction rather than a confirmed trend reversal zone.

[※ This article was written with the assistance of AI. Investment decisions are the responsibility of the investor, and the content included in this article may change depending on market conditions.]