An analysis has been raised that while Ripple (XRP) has recently shown a rebound trend, it is too early to consider it a transition to a full-fledged upward trend.

According to the virtual asset specialized media outlet CoinDesk, although XRP has recently recovered some of its losses, it is evaluated to still be moving within a 'declining box range' as the pattern of gradually lowering highs continues.

The market is currently paying attention to the continued increase in exchange withdrawals and the inflow of funds related to ETFs (Exchange Traded Funds). Although accumulation movements by some investors have been spotted, the prevailing analysis is that this is closer to a bottoming process rather than an entry into a strong upward phase.

Regarding the price outlook, the $1.13 to $1.14 range is cited as the key support line following the recent rebound. If this price level is maintained, the possibility of an additional rebound remains, but the market views surpassing $1.20 as a more critical turning point. From a technical perspective, exceeding $1.20 could be interpreted as a signal that the downtrend is easing. Conversely, if the support line around $1.10 breaks, there are suggestions that the psychological support level of the $1 range could be retested.

While positive factors such as ETF expectations and the possibility of expanded entry into the mainstream financial system exist in the recent XRP market, the assessment is that one must still approach the short-term price trends with caution.

[In the process of writing this article, AI was utilized to help organize information and draft the text. The information provided in this article is intended to convey general virtual asset-related news and is not investment solicitation or financial advice. Virtual assets are subject to high price volatility, and any losses resulting from investments are the responsibility of the investor. Please ensure careful consideration and seek expert advice before making investment decisions. This publication does not bear legal or financial responsibility for the information provided.]