XRP’s price action has revisited and retested a resistance level that it already broke out from on the monthly candlestick timeframe chart. According to a technical analysis shared on the social media platform X by crypto analyst Javon Marks, this retest is part of a broader continuation structure, much like something it has done before.
Despite the current bearish price action, the technical analysis is pointing to a rebound to significantly higher price targets, with the measured move projecting a run to as high as $15.
XRP Pulls Back To Test Broken Resistance
XRP’s price action in the past week has been notably bearish, with the cryptocurrency losing price support levels upon price support levels. This price crash saw XRP fall from above $1.90 in the last week of January to eventually bottom around $1.15 on February 5, its deepest one-week pullback in recent months. Although a rebound followed the February 5 low, the broader tone of the past week has yet to turn fully bullish.
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Interestingly, this crash fits into a larger bearish trend that has been playing out for multiple months on the monthly timeframe. XRP’s price action on the monthly candlestick timeframe chart reveals the cryptocurrency is now on five consecutive red monthly candlesticks.
The most recent red candlestick close was in January, where it closed with a negative 10.6% below its open. February trading is showing little evidence of a decisive reversal so far, and XRP has extended its losses by 13% since the beginning of the month, according to data from CryptoRank.
According to technical analysis shared by Javon Marks, the recent downturn corresponds to a familiar behavior that appeared in XRP’s long-term chart history back in 2017. Marks pointed out that the slide to $1.15 on February 5 coincided with a retest of a long-term descending trendline that had capped XRP’s price action since the $3.40 peak in 2018. That trendline was kept intact for years before finally breaking in 2025, during XRP’s advance toward a new all-time high of $3.65 in July 2025.
The chart accompanying Marks’ analysis, which is shown below, demonstrates how February’s wick low precisely tagged this resistance trendline before it bounced higher.
Measured Move Projection Targets $15
Now that XRP has rebounded from this trendline, the important thing is predicting what happens from here. The analyst’s outlook is built around a measured move derived from how XRP played out the last time such a similar trendline retest happened back in 2017.
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The chart above shows a prolonged period of compression inside converging trendlines before XRP finally resolved higher. By projecting the height of that consolidation from the breakout point, Marks places the next major price target above the $15 level. According to Marks, this retest may be what sends XRP on a major push to $15.
At the time of writing, XRP is trading at $1.43, having rebounded by about 24% from its February 5 low.
Featured Image from Adobe Stock, chart from Tradingview.com
