XRP Bullish Retest Targets $1.42 After Defending $1.35 Support
XRP is showing bullish retest momentum as traders focus on a potential breakout target at $1.42. Analysts say XRP price is consolidating above a prior breakout zone after breaking out of a tight triangle, then pulling back to retest former resistance as support.
Key level: the $1.35–$1.355 support zone sits on a rising trendline and is described as the “green retest box.” If XRP holds this line in the sand, the next major upside test is $1.42, viewed as the macro ceiling and upper boundary of a larger wedge.
Price and positioning: CoinCodex data puts XRP around $1.37, up ~4.66% over the past week, indicating buyers are defending breakout structure rather than allowing a deeper retracement.
On-chain/derivatives signals: Binance data shows XRP’s taker buy/sell ratio has surged to record levels, suggesting aggressive buy-side dominance and fading sell pressure. Weekly inflows are reported at $19.3M, while assets under management rise to $2.46B—consistent with ongoing accumulation.
Trading takeaway: Watch XRP’s behavior around $1.35–$1.355. A successful hold increases odds of a push toward $1.42; failure would weaken the bullish continuation setup.
Bullish
The article frames XRP as a classic bullish continuation setup: a triangle breakout followed by a retest of former resistance turned support. The specific “line in the sand” is the $1.35–$1.355 zone. With XRP reportedly holding above this level, momentum traders typically increase long exposure, targeting the next macro ceiling at $1.42.
Confirmation comes from derivatives and flow data. A record taker buy/sell ratio on Binance suggests buyers are actively hitting bids, which often reduces the odds of an immediate breakdown after a retest. Meanwhile, reported weekly inflows ($19.3M) and rising AUM ($2.46B) align with accumulation behavior—another bullish factor.
Short term: traders likely watch for either a clean bounce from $1.35–$1.355 (bullish continuation toward $1.42) or a breakdown (invalidating the retest pattern).
Longer term: if XRP consistently defends this support and breaks $1.42, it can transition from retest phase to trend resumption, which historically tends to attract follow-through bids and improve trend stability.