XRP's price has experienced renewed attention following a brief recovery after hitting new lows this week. The asset dipped to $2.11 on Monday and then slightly lower to $2.10 earlier today before regaining some strength, trading around $2.18 at the time of writing. Amidst this volatility, a market analyst known as DrBullZeus has presented a clear strategy detailing how they believe XRP's price could develop over the coming days.
A Focused Framework for Monitoring XRP’s Support Zone
According to the analyst, the core of his approach involves observing XRP's behavior within a specific support region. He described the strategy as uncomplicated yet methodical, noting that price reactions in this area will determine whether momentum shifts in favor of buyers or if a deeper pullback is likely. He highlighted the $2.06 zone as a critical demand region for the asset. Recent price action has repeatedly shown buyers stepping in at this level, including a rapid return to higher prices after XRP dropped to the same zone on November 4. The analyst views this as evidence of meaningful support and considers it the primary threshold that must remain intact for bullish prospects to continue. In his latest chart update, he pointed out that XRP may revisit this support again. If that happens, he believes the price could form a double-bottom pattern, reinforcing the area as a strong floor before a potential upward continuation. His assessment emphasizes that as long as XRP trades above $2.06, the market structure remains constructive.
Key Resistance Levels Identified for Potential Upside
Once a retest of the support area concludes, if it occurs, the analyst expects a gradual push toward higher resistance points. He outlined three notable zones that market participants should monitor during any recovery attempt. The first important barrier sits at $2.30, a level that XRP recently failed to maintain following a modest decline. Regaining this point, in his view, would mark the beginning of a broader upward movement. If momentum strengthens beyond this initial target, the next objectives lie around $2.45 and $2.69. The former corresponds closely with a lower high recorded on November 10, while the latter represents the high reached on October 27. If XRP climbs from its current position near $2.19 to these upper targets, the move would reflect an advance of approximately 11% to 23%. However, the analyst stressed that such gains require price stability above the earlier support area and a willingness from traders to remain patient rather than respond emotionally to short-term fluctuations.
Additional Market Insights Support the Outlook
The game plan presented by DrBullZeus aligns closely with observations from other market experts. Analyst Ali Martinez recently referred to the $2.15 region as a crucial threshold for XRP. His position is that maintaining this level increases the likelihood of a recovery, as the asset has historically rebounded after holding above similar levels. Martinez outlined potential moves toward $2.40 and $2.70, which correspond with mid-range and upper-range resistance levels that have shaped XRP’s broader trading pattern in recent weeks. These targets coincide with the levels identified by DrBullZeus, suggesting a consistent outlook across multiple independent analyses.