XRP holds above $2 as macro bull flag forms; $1 remains key support while traders watch CFTC’s spot contract review.
XRP is trading above the $2.00 level and holding within a long-term price structure. The monthly chart shows a potential expansion phase forming after a sustained consolidation period.
Traders are focusing on the macro trend as price action continues to respect a bull flag formation, with key support levels intact and market participants watching for a larger breakout.
Macro Structure Supports Long-Term Strategy
The monthly chart of XRP continues to follow a well-established macro trend channel, referred to by some analysts as “The Line 1.” This channel has guided XRP’s broader movement since early trading years and remains intact.
Price is currently consolidating inside a clear bull flag structure after a breakout and retest, which aligns with the common setup seen before large upward moves.
Technical projections based on this formation show three possible long-term zones: a bull flag target near $20, the top of the main channel near $35, and a broader extension possibly reaching $200. While these levels are not guaranteed, they reflect the structure’s capacity if momentum increases and the trend holds. The support at $1.00 remains the key macro risk level that would shift the trend outlook if lost.
Traders focused on the long term are watching the compression range, noting that periods of narrowing price often lead to large expansions.
As XRP trades above both the $2.00 mark and the 21-month EMA, the setup continues to favor the possibility of a new phase. Analysts suggest that short-term price dips may not outweigh the broader potential for those holding long-term positions.
Supertrend Indicator Remains Supportive
The monthly Supertrend indicator is still showing a bullish trend, with XRP trading above its key threshold. The current Supertrend line is sitting above the $1.30 zone, which has served as a divider between market phases in previous cycles. This reading supports the continuation of the upward trend as long as price remains above it.
Independent chart analysts have commented that the Supertrend position reflects the broader market direction. ChartNerd noted, “XRP’s monthly Supertrend remains bullish. Being above the green Supertrend line indicates a strong, long-term bullish trend.”
Market volume remains strong, with over $3 billion in daily trading activity. This supports the current price structure and shows that market interest in XRP is steady. The trend tool, while useful, is best used alongside other data and structural analysis.
Related Reading: XRP Could Be In For A Rally As Sentiment Drops, Santiment Says
Regulatory Review Adds to Market Focus
The Commodity Futures Trading Commission (CFTC) is reviewing a new spot XRP contract submitted by Bitnomial. This development could mark XRP as the first digital asset listed on the agency’s updated crypto platform. The filing, dated December 1, 2025, is under review and includes technical data about the XRP Ledger.
Crypto market commentators are watching the review closely. CryptoSenseii stated, “The CFTC is set to feature Bitnomial’s spot XRP contract as the first digital asset on its brand-new crypto trading platform.”
The review may offer new access for institutional users, and it comes at a time when XRP is attempting to confirm a long-term breakout. The outcome may affect trading interest, though timelines remain dependent on regulatory processes. Market watchers will continue tracking updates as the process continues.
Source: https://www.livebitcoinnews.com/xrp-holds-key-support-as-macro-traders-eye-potential-expansion-from-bull-flag/
