- Ether Nasyonal identifies $1.6-$2 XRP demand zone on monthly timeframe chart.
- XRP down 14.8% monthly after failing to reclaim $2.5 and $3 levels.
- Historical 2017 pattern comparison suggests potential for upward breakout.
Cryptocurrency analyst Ether Nasyonal has outlined bullish expectations for XRP based on monthly chart patterns showing a critical demand zone test. The analyst maintains optimistic projections despite current price weakness affecting the token.
XRP has struggled following the October 10 correction, failing to reclaim the $2.5 level or the $3 psychological threshold. The altcoin has declined 14.8% during the current month as consolidation continues.
Ether Nasyonal focused on XRP’s behavior on the one-month timeframe, utilizing an inverted chart to illustrate the token testing an important demand zone. This area between $1.6 and $2 has functioned as support during previous retest periods.
Demand zone accumulation phase underway
The analyst stated XRP is “cooking something” as it maintains position just above the identified demand zone. This positioning suggests bulls are accumulating strength at the critical level according to the technical assessment.
XRP has repeatedly dropped to retest the $1.6-$2 demand zone when encountering resistance above $3 near all-time high levels. Ether Nasyonal characterized the recent price crash as another retest of this support area, arguing the next directional move will likely be upward.
For sustained upward momentum, XRP must first recover the $3 psychological level it has traded beneath since October 7. The next resistance sits at $3.4, matching both the January 2025 high and the 2018 all-time high.
Breaking above $3.4 would open paths toward the July 2025 peak of $3.66, positioning XRP to challenge new all-time high territory. The analyst emphasized the structure appears clear despite confusion about near-term direction.
Ether Nasyonal drew historical parallels to the 2017/2018 cycle. During that period, XRP faced resistance at the December 2013 peak of $0.06, repeatedly falling to a demand zone around $0.028.
After decisively breaking $0.06 resistance in May 2017, XRP surged to $3.31 by January 2018. The analyst expects similar price action could develop from the current setup though declined providing specific price targets.
Sentiment indicators show bearish positioning
Santiment recently confirmed XRP faces increased bearish sentiment during current price struggles. The analytics platform noted that prices often turn bullish once bearish sentiment becomes prevalent among market participants.
This contrarian indicator aligns with Ether Nasyonal’s technical analysis suggesting accumulation at demand zone levels precedes upward movements.
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