- •Coinskid warns XRP is sitting on its Bull Market Support Band (BMS) at ~$2.83; losing it could push price down to the critical $1.90 support.
- •Holding above $1.90 keeps the falling wedge pattern bullish, with potential breakout above $3.50 into 2026.
- •XRP’s sideways compression signals an imminent decisive move, making the coming weeks crucial for its long-term trend.
Prominent crypto analyst Coinskid has issued a cautious outlook on XRP, highlighting that the digital asset has been moving sideways for months and is now sitting directly above the Bull Market Support Band (BMS) on the weekly chart.
“This would be the last bullish case I see for #XRP if it does begin to fall into the BMS here,” Coinskid wrote. “I want this as much as you do, but we don’t always get what we want in this life.”
Critical Technical Levels: $1.90 as “Bullish Support”
The attached chart shows XRP trading at $2.83, compressing within a downward channel and testing the BMS. A strong green arrow projection suggests that if XRP holds support, it could see a breakout toward higher levels, potentially above $3.50 and beyond.
#xrp / #usd – weekly#xrp has been going sideways since December last year. It currently sits on top of the #bms (#bullmarketsupportband)
⚠ This would be the last bullish case I see for #xrp if it does begin to fall into the #bms here.
I want this as much as you do, but we… pic.twitter.com/KpZHrNz9lM
— CoinsKid (@Coins_Kid) October 1, 2025
However, the analyst warned that if the BMS is lost, the next major bullish support sits at $1.90. A breakdown below that level could send XRP into what Coinskid described as “free fall.”
The chart emphasizes $1.90 as the structural line in the sand, marking the invalidation of the bullish scenario if breached.
Despite the risks, Coinskid maintains a “cautiously bullish” stance: “I remain cautiously bullish here for XRP,” he said, pointing to the possibility of a late 2025 breakout if the BMS holds and momentum returns.
Chart Analysis: Compression Before Expansion
The weekly chart highlights XRP moving in a falling wedge pattern, historically a bullish reversal signal. As long as XRP defends the BMS and holds above $1.90, the pattern suggests potential for an upside breakout into early 2026.
The downside risk, however, remains substantial: losing both the BMS and the $1.90 support could flip XRP’s structure bearish, echoing similar breakdowns seen in other altcoins during prior cycles.
Make-or-Break Moment
With XRP hovering in a narrow range and testing key technical levels, the market now faces a make-or-break moment. For traders and long-term holders alike, the next few weeks will be crucial in determining whether XRP reclaims bullish momentum—or enters a prolonged downtrend.