The XRP price might be at a critical moment on the weekly chart, and if you are a holder, you might feel the pressure. A chart shared by ChartNerd shows a familiar setup: XRP remains inside a bullish Gaussian Channel, but price has slipped below an important mid-range level that now needs to be reclaimed.

At first glance, the trend still looks constructive. The bigger picture hasn’t broken down. But when you zoom in, it’s clear that momentum has slowed and the market is testing whether buyers still have control.

One of the key takeaways from the chart is that XRP remains inside an upward-sloping Gaussian Channel on the weekly timeframe. This indicator is often used to define broader trend direction, and as long as price stays within the channel, the bullish structure technically remains intact.

Historically, the XRP price has respected this channel well during uptrends. Moves above the middle regression band usually lead to strong continuation phases, while dips toward the lower band tend to act as reset points rather than full trend reversals.

Right now, XRP is still holding above the lower boundary of the channel, which is an important detail. That level has acted as reliable support during previous pullbacks.

Where things get more delicate is XRP’s position relative to the middle regression band. According to the chart, price is currently trading below this level, which sits around $2.15.

This mid-band often acts as a momentum filter. When price holds above it, rallies tend to extend. When price slips below it, the market usually enters a corrective or consolidation phase.

That’s exactly where XRP is now. Bulls haven’t lost the trend, but they’ve lost momentum. Reclaiming $2.15 would signal that buyers are back in control and could open the door for another push higher within the channel.

Another key feature on the chart is the multi-month horizontal support zone just below current price. XRP has bounced from this area several times, making it one of the most important demand zones on the chart.

So far, buyers have defended it well. Each dip into this region has been met with buying interest, suggesting that longer-term participants are still active. As long as this support holds, the broader bullish structure remains valid.

However, repeated tests can weaken any level. If XRP fails to hold this zone, the next logical move would be a deeper pullback toward the lower Gaussian Channel band.

Read also: This Could Be XRP Price If Ripple Gets a Banking Licence

If XRP loses both the multi-month support and fails to reclaim the mid-band, the chart suggests a potential move toward the lower regression band near $1.56.

That wouldn’t necessarily mean the bull market is over, but it would represent a much deeper correction and likely shake out a lot of late longs. Historically, touches of the lower band have marked strong buying opportunities, but they come with increased volatility and uncertainty.

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The post XRP Bulls Under Pressure, But One Price Level Now Matters Most appeared first on CaptainAltcoin.

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