XRP Price Eyes Recovery if $1.10 Support Holds Firm

• XRP price depends on holding its key long-term trendline support.
• Analysts watch $1.10 support and $1.36 resistance for confirmation.
• Utility growth and institutional interest remain central to XRP outlook.

XRP Price remains at a critical point as analysts watch one long-term trendline for possible bottom confirmation. According to More Crypto Online, XRP is still trading near key support inside a complex Elliott Wave structure. A break below the trendline could increase selling pressure, while a successful hold may support a stronger recovery setup.

XRP Price Depends on One Critical Trendline

More Crypto Online said one trendline still stands between XRP Price and a confirmed bottom. The long-term chart shows XRP moving through a multi-year corrective structure.

The Elliott Wave count includes major waves and corrective sub-waves stretching across several years. This structure places XRP near an important decision zone.

If the trendline holds, analysts may view it as a bottoming signal. A rebound from this area could support a sustained rally.

However, a clean breakdown would weaken the setup. In that case, XRP Price could face deeper downside before finding stronger support.

XRP Price Outlook Tied to Utility and Institutions

She noted that retail investors have carried XRP for years. Meanwhile, institutions have focused more on Bitcoin, Ethereum, and Solana.

Stevenson believes that could change as real-world utility grows. She pointed to cross-border settlement, custody, payments, and treasury infrastructure as key areas.

The CLARITY Act may help institutions, but she said adoption is already moving forward. She added that the risk of staying out may eventually exceed the risk of waiting.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.