[Digital Today reporter Yoonseo Lee (이윤서)] XRP is at a short-term crossroads after failing to break above a key resistance line near $1.65.

On May 27 (local time), blockchain outlet The Crypto Basic reported that XRP has repeatedly been pushed back at the same resistance zone over the past four months, raising both the possibility of further declines and the chance of a rebound.

Market analyst Casitrades said in a recent post on X, formerly Twitter, that XRP has been blocked several times below the $1.65 resistance line. XRP has failed to clear the level over the past four months, suggesting the area has solidified into strong resistance.

Charts also show XRP trapped in a broad range on the 4-hour timeframe since February. Within that band, highs have gradually fallen and lows have risen. Each rebound peak, in particular, lost momentum near the Fibonacci “golden pocket” area between $1.53 and $1.65. A sequence of lower highs also showed the same pattern, from $1.67 on Feb. 5 to $1.60 on March 17 and $1.55 on May 14.

The problem is that support is also weakening. XRP has slipped below a lower support zone that had withstood selling pressure over the past four months and is now also under the $1.36 support level. Casitrades said “there is not much time left” and said the longer XRP stays below the $1.65 resistance line, the more likely it is to drop to lower medium- to long-term support zones.

The next support zones he flagged are $1.10 and $0.87. That is 17 percent and 34 percent below the current price, respectively, and they also overlap with the Fibonacci retracement 0.78 and 0.85 areas. Analyst Ali Martinez (알리 마르티네즈) has also said he is watching the $0.73 support line if the price falls further, and caution over XRP’s downside risk is persisting in the market.

Still, not only bearish views are being offered. Casitrades said an upward rally could follow after XRP retests a medium- to long-term support zone. He said the actual confirmation signal for a bullish turn would ultimately be whether XRP regains $1.65. He added that if XRP breaks above that resistance again and turns it into support, it would confirm the momentum needed for the next upswing.

The size of any rise also depends on whether it can reclaim resistance. If XRP regains $1.65 from its current price of $1.33, it would have about 24 percent upside room. If XRP rebounds from $1.10 and $0.87 and the uptrend continues, gains could be about 50 percent and 89 percent, respectively.

Ultimately, the market’s focus is on which direction XRP will end a long-running convergence pattern. Casitrades said XRP has moved sideways for a long time within a narrowing structure and assessed that “time is up.” That has increased the likelihood that XRP will show a clearer directional move in the short term.

“The Clock Is Ticking for XRP! Over the last few days, XRP has continued to reject below the major consolidation pattern. We've spent 4 months fighting the $1.65 resistance, and the longer this fails to reclaim it, the more likely it becomes that we need one final flush… pic.twitter.com/oLQ3kFsIAi”