XRP Chartist Marks $0.63 Support Ahead of a Possible $0.60 Retest

An unnamed chartist’s XRP analysis places daily support near $0.63, with a possible revisit toward $0.60, while bearish momentum readings contrast with much higher, untimed targets.

The chartist’s two-week Gaussian Channel reading has shifted into red, which the analysis treats as a warning of further downside pressure before any longer-term advance. The same view lays out $60 as a first later target and $180 after it, but supplies no timetable for either level. Those figures are projections in the chartist’s scenario; the technical setup also marks nearer resistance that XRP would need to reclaim.

On the daily chart, the analysis places XRP below its 50-day moving average near $1.25 and its 200-day average around $1.34. It treats both lines as resistance, with $1.25 the first level overhead and $1.34 the higher hurdle. A move above the shorter average would be an early sign, in the chartist’s framework, that the near-term slide could be easing.

The relative strength index (RSI), a gauge of price momentum, was near 19 on the daily chart, below the 30 mark commonly used for an oversold reading. That level reflects a sharp decline in the indicator, but it does not show that selling has stopped; the reading can remain low during a sustained downtrend. The moving average convergence divergence (MACD) indicator was below its signal line, another sign of downward momentum in the chartist’s setup.

The nearest daily support is marked near $0.63, just above the chartist’s possible revisit area around $0.60. The chart maps no additional support beneath $0.63. On the upside, the first resistance sits around $1.20; a daily close above it would be an early sign that selling pressure is fading. The next barrier is near $1.31, just below the 200-day moving average. In the chartist’s framework, reclaiming those barriers would improve the longer-term trend picture.

The chartist’s near-term case remains more cautious than the long-range targets: XRP is below both moving averages, and the listed momentum measures point down. TokenPost has previously covered a separate analyst’s view that XRP could weaken before a larger move.