XRP is approaching a key resistance zone between $1.25 and $1.27. A strong 12-hour close above this range could invalidate the bearish target of $1.11–$1.17. However, the analyst still expects XRP to break below its smaller yellow channel and move toward $1.11–$1.17 to complete its correction. Another possible scenario involves a rally toward $1.43 and then $1.63–$1.65 before a retest of the $1.10 region. The analyst remains bullish on XRP’s broader market structure as long as key support holds.
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