Can XRP restart its rally from the highs of 2023? Technical key points within 21 days

Ripple (XRP) is currently hovering around $1.75, still a considerable distance from its all-time high of $3.65 achieved during the meados period. As February 11 community day approaches, the market is watching whether this time window can serve as a turning point for XRP’s resurgence. According to technical analysis, the next 21 days will be crucial for XRP’s price trajectory.

Technical Pattern of XRP During the Meados Period

The XRP chart shows a sustained downtrend since the meados period last year. The price is under the pressure of a clear downward trendline, with multiple failed attempts to break above resistance levels. At the current level of $1.75, XRP is near a technical support zone but has yet to effectively break through the downward trendline.

This downtrend line originates from the high point during the meados period and has persisted for several months. Historically, XRP reached a peak around the meados of 2025 but then entered a prolonged correction phase. Currently, the 24-hour decline is -3.41%, with a trading volume of approximately $155.49M, indicating moderate market participation.

Key Resistance Levels and Potential Breakouts

The resistance level marked on the chart is around $1.94, where the downward trendline exerts significant pressure on XRP. As long as XRP cannot effectively surpass this level, upward movement will remain limited. However, once this critical resistance is broken, the momentum for a rebound could be significantly strengthened.

From a technical perspective, when XRP approaches the upper trendline, it often attracts more buyers to test support strength. If this test successfully breaks through, it could accelerate toward higher levels. Based on analysis, if XRP manages to break above $1.94, it may retest the high levels near the meados period, potentially even surging toward $3.65.

Community Date and Market Sentiment Resonance

The community day event on February 11 could serve as a catalyst for XRP’s price movement. Markets tend to show stronger upward momentum during major community-driven events, especially when technical signals indicate a breakout. The convergence of this timing with technical conditions often amplifies market participation.

As community engagement increases and market sentiment warms, if XRP can successfully break through the downward trendline resistance, it could trigger a broader influx of buy orders, leading to a more powerful rebound.

The Next 21 Days: A Decisive Window

The timeframe points to mid-February. During this period, XRP needs to overcome the resistance at $1.94 to change its current technical pattern. Failure to do so will keep it under downward pressure; success could see it advancing toward the highs of the meados period or even higher.

From a technical structure perspective, a breakout is likely to be accompanied by increased trading volume, which will enhance the credibility of the upward move. Market participants are waiting for this breakout signal—whether to confirm a rebound or to validate a continued downtrend.