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XRP Holds Steady Above $0.66 Support as 2020 High Becomes New Floor
⬤ XRP is hanging above a crucial long-term level that used to be the 2020 cycle top. When you zoom out on the weekly chart, the price is still sitting comfortably above what was once major resistance and has now flipped into support. After that big rally earlier in the cycle, XRP has been holding this ground pretty consistently.
⬤ The chart shows multiple attempts to test this support zone, but XRP keeps bouncing back each time. Sure, there’ve been some dips and pullbacks, but nothing that’s actually broken through and stuck. The buying interest around this level has been strong enough to keep sellers from taking control. At the same time, the upward momentum has cooled off—this isn’t a breakout continuation, just a period of digestion after those earlier gains.
⬤ From a technical standpoint, this old cycle high is doing exactly what you’d want it to do—acting as a floor. The fact that buyers keep stepping in here suggests they’re not willing to let it slip lower, while sellers haven’t managed to push through. There’s definitely some chop and volatility around this zone, but no clean breakdown yet. As long as this level holds, the overall structure looks intact.
⬤ What this consolidation really tells us is where market sentiment stands right now. When a coin holds above a major resistance-turned-support level like this, it’s usually a good sign that the trend hasn’t reversed—it’s just taking a breather. For XRP, the picture stays neutral to mildly positive while traders wait to see which way the next big move goes. No breakdown yet means the bulls still have the edge, at least for now.