[Digital Today reporter Yoonseo Lee] XRP has entered a phase of defending a key support line after a recent rebound. With volume failing to provide enough backing, an analysis says XRP needs to hold support and break through resistance to extend gains.

On Oct. 7 (local time), blockchain media outlet The Crypto Basic reported that crypto analyst 360Trader presented $1.37 as a key level for XRP to maintain its upward structure.

He said XRP is repeatedly testing the daily trendline while volume remains weak, and he did not see a clear bullish signal as confirmed. He explained that holding $1.37, which overlaps with the 200-day exponential moving average (EMA), could preserve the current structure, but a breakdown could change the technical trend.

The short-term support zone was presented at $1.35 to $1.45, with an upside breakout zone at $1.50 to $1.55. The analysis said that to sustain the recent rebound, buying interest needs to flow in at support while also gaining the strength to clear overhead resistance.

Other analysts also focused on similar levels. Ali Martinez said earlier this week that XRP formed a bullish setup by breaking above a descending resistance line on the 4-hour chart. He saw room for an additional rise to $1.62 if the price settles above $1.50.

ChartNerd called for a more cautious approach, citing repeated false breakouts. It set a key support level at $1.45 and a resistance zone at $1.50 to $1.52. It said that a break above resistance could test $1.54 to $1.62, but slipping below $1.45 could weaken the bullish scenario.

On the supply-and-demand side, an accumulation signal was also spotted. Analyst CW said XRP's accumulation index scored full marks across 48 segments tallied in 4-hour intervals. The reading was interpreted as steady inflows of buying even within a range-bound market with low volatility and weak trend strength.

Over the medium to long term, the possibility of a cup-and-handle pattern cited by Peter Brandt was also mentioned. Brandt put the target price under the pattern at about $2.16. He warned, however, that the pattern is not yet complete and that selling pressure could be significant as the price rises.

Analysts differed on the detailed price levels, but they shared the view that further gains require defending support and breaking through resistance. In the near term, the key is whether XRP can hold $1.37 while pushing above the $1.50 to $1.55 resistance band. A breakout backed by volume needs to be confirmed for the additional upside scenario toward $1.62 to gain support.

$XRP at $1.51 riding +6.6% above its 50-day MA on Binance. Still pressing the 1d trend while volume sits dead. Let me show you what's actually happening here.