XRP’s recent surge has faltered near the $1.40 mark, following a significant downturn from its prior consolidation phase. While buyers have shown interest around a key demand area, the cryptocurrency’s price is currently struggling to overcome immediate resistance and remains within a corrective pattern.
On the daily chart, Ripple’s native token has continued its corrective move after being rejected from the $1.61-$1.70 resistance zone. The latest sell-off saw the price dip below the $1.48-$1.50 consolidation range, with a notable lower wick extending to approximately $1.32 before buyers intervened. Subsequent trading sessions have shown stabilization around $1.40, though the recovery has lacked sustained momentum.
The $1.25-$1.32 demand zone is proving to be a critical level. This area coincides with the 100-day and 200-day moving averages, which are situated near $1.265 and $1.281, respectively. The upward trajectory of the 100-day average, as it approaches the 200-day average from below, hints at a potential bullish crossover, though this remains unconfirmed. Concurrently, the daily Relative Strength Index (RSI) hovers around 45, indicating that momentum is still below the neutral mark despite the recent bounce.
Sustaining the current demand zone could help preserve the broader recovery trend and pave the way for another attempt at the $1.48-$1.52 resistance area. Beyond that, the $1.61-$1.70 supply zone stands as the primary obstacle to further upside. Conversely, a decisive break below $1.25 would undermine the recovery structure and expose the next significant support zone, located between $1.11 and $1.18.
Technical Outlook on Shorter Timeframes
The 4-hour chart illustrates XRP trading within a descending channel, characterized by a series of lower highs that reinforce the corrective trend. The recent decline saw the price breach the $1.43-$1.45 support level before briefly touching the channel’s lower boundary near $1.32. Buyers then initiated a rebound, pushing the price back towards $1.42, where it encountered renewed selling pressure.
The former $1.43-$1.45 demand zone has now transitioned into an overhead resistance area. Its proximity to the upper boundary of the descending channel presents a substantial hurdle for upward price movement. A sustained push above both these levels would offer an initial indication that selling pressure is abating and could potentially open the path towards the $1.48-$1.52 resistance region.
Until such a breakout materializes, the current rebound appears to be a corrective phase. A loss of immediate support around $1.38 would bring the $1.34-$1.35 area back into focus, followed by the more significant $1.25-$1.32 demand zone. Consequently, the market’s reaction to the $1.43-$1.45 resistance area will be pivotal in determining whether XRP can break free from its descending channel or remains susceptible to further declines.
