Attention is focusing on whether Ripple (XRP) can turn the level it recently broke through — a strong resistance for weeks — into a new support line. In technical analysis, the process of defending that price level after breaking above a major resistance is considered a key step in determining whether the trend will continue.

Trading Volume Surges 200%… "Inflow of Real Buying Pressure"

Market analyst Vlad Anderson stated in a recent analysis that as XRP broke above the $1.14 resistance, trading volume increased to approximately 82 million XRP. This figure represents more than 200% above the daily average volume, suggesting it is the result of strong real buying pressure rather than a mere short-term rebound.

XRP rose to $1.158 during the session before selling pressure pushed it back to around $1.145. However, the prevailing view leans toward the possibility that this is part of the process in which the former resistance turns into a new support level.

Success of the Retest Will Determine the Direction

In technical analysis, a 'retest' — where price returns to test a previously broken resistance level — frequently occurs. If buying pressure successfully defends the price at this level, the uptrend is more likely to continue; conversely, a failure to hold support could widen the short-term correction.

The significant increase in trading volume alongside the price rise is also drawing attention as a positive factor. In particular, when a breakout from an existing trading range is accompanied by volume, the reliability of the uptrend increases, and it is often used as a signal confirming a trend reversal.

The key to the future direction lies in whether support around $1.14 can be maintained. If this price level is held stably, further upside attempts are likely to follow, but if it breaks down again, an expansion of short-term profit-taking sell orders cannot be ruled out.

The virtual asset market can exhibit high volatility depending on global macroeconomic variables and changes in investor sentiment, making it difficult to predict future prices based solely on technical analysis. Investors need to respond carefully by simultaneously monitoring trading volume, key price levels, and overall market trends.

[This article was written with the assistance of AI. This article does not constitute investment advice, and any losses arising from virtual asset investments may be borne by the investor.]