XRP 'Nike' Chart and Renewed Spot Demand Fuel Bullish Narratives

Technical analysis highlights a large curved formation — described as resembling a “Nike” logo — that originated after XRP’s January 2018 peak of $3.31 and has evolved through years of lower lows followed by higher lows, a pattern some interpret as supportive for a longer‑term bullish outlook even as XRP faces selling pressure below $1.50 ^[1].

Market activity has shown renewed momentum driven by retail accumulation and increased spot buying, which industry coverage says has helped propel XRP into a stronger rally mode; at the same time, short‑term price data show XRP failing to clear $1.50, trading around $1.40 with support near $1.38 and resistance forming near $1.41 on hourly charts ^[2][3].

Calls for much higher price targets persist: a finance veteran publicly argued that XRP can reach $100, while other analysts outline that triple‑digit scenarios are contingent on an extreme supply squeeze and disciplined escrow management rather than market momentum alone; separately, an Elliott Wave analyst has signaled that technical pieces may be aligning for XRP’s next move ^[4][5][6].

Taken together, coverage points to a mix of supportive long‑term technical structure and stronger retail spot demand, but observers note that overcoming short‑term resistance and structural supply challenges would be necessary for the more ambitious price scenarios to materialize ^[1][2][3][5].