XRP Hits $1.15 Bottom and Readies for a Major Surge “Selling Now Would Be a Loss”
XRP Hits $1.15 Bottom and Readies for a Major Surge “Selling Now Would Be a Loss”
XRP is forming a large-scale bullish structure aimed at a historic target of $15 after successfully retesting a previously broken resistance line on the monthly chart.
According to crypto-focused media outlet NewsBTC on February 9 (local time), cryptocurrency analyst Javon Marks said on X (formerly Twitter), “XRP’s current price action is going through a post-breakout retest,” describing it as “part of a sustained bullish structure toward higher targets.” Although the market has recently shown weakness, technical analysis points to an exceptionally high price objective, with measured moves suggesting a potential surge toward $15.
XRP saw a notable decline last week as multiple support levels collapsed. Amid this sell-off, the price fell from above $1.90 in the final week of January to around $1.15 on February 5, marking the deepest weekly correction in recent months. Although a rebound followed the February 5 low, the overall trend over the past week has yet to fully return to a bullish stance.
Interestingly, this decline aligns with a massive bearish trend that has persisted for months on the monthly chart. XRP has now recorded five consecutive bearish monthly candles. In January, it closed down 10.6% from its opening price, and according to crypto data analytics firm CryptoRank, February trading has so far logged an additional 13% loss without showing a decisive reversal signal.
However, Marks noted that the recent downturn mirrors a familiar pattern seen in XRP’s long-term chart history during 2017. He explained that the drop to $1.15 on February 5 was a retest of the long-term descending trendline that had suppressed prices since the $3.40 peak in 2018. This trendline, which held for years, was finally broken when XRP reached a new all-time high of $3.65 in July 2025. The fact that February’s candle wick precisely touched this resistance trendline before rebounding supports this interpretation.
As XRP bounces from this trendline, Marks is closely watching the next move. His outlook is based on a measured target derived from the price action following a similar trendline retest in 2017. At that time, XRP underwent a prolonged compression phase within converging trendlines before ultimately breaking out upward. Applying that historical precedent to the current breakout point, Marks estimates the next major price target to be around $15, adding that this retest could serve as a key catalyst driving XRP toward that level.
Currently, XRP is trading near $1.43, roughly 24% above its February 5 low. Investors are closely monitoring whether XRP can build on support around the $1.40 level and begin the long ascent toward the $15 milestone projected by analysts. Having turned a multi-year downtrend line into a support base, market attention is focused on whether this rebound can move beyond a simple technical bounce and lead to a new all-time high.
*Disclaimer: This article is provided for investment reference only, and no responsibility is taken for investment losses incurred based on this information. The content should be interpreted solely for informational purposes.*
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