XRP is trading above $1.50 following a rejection from a major resistance zone. While the broader recovery remains intact, the recent sequence of lower highs suggests that buyers may need to defend nearby demand before attempting another advance.
XRP Price Analysis: The Daily Chart
On the daily timeframe, the asset’s recovery from the $1.25–$1.32 support zone carried the price into the $1.61–$1.70 resistance area. However, the long upper wick and subsequent bearish candles indicate substantial selling pressure at this barrier, with the price gradually retreating toward $1.53.
Despite this pullback, XRP remains above both displayed moving averages. The orange average has flattened around $1.28, while the yellow average is rising toward $1.22, suggesting that the earlier downtrend has lost momentum. Nevertheless, the averages have yet to complete a bullish crossover, and the latest rejection shows that a sustained breakout remains unconfirmed.
A renewed advance would first need to overcome the recent highs around $1.56–$1.58 before challenging the $1.61–$1.70 resistance zone again. A sustained break above that zone could open the way toward the broader $1.81–$1.94 supply area. Conversely, an extended correction would bring the $1.25–$1.32 demand zone back into focus, with the orange moving average providing additional confluence.
XRP/USDT 4-Hour Chart
The 4-hour chart reveals a clearer loss of bullish momentum. Since reaching the $1.61–$1.70 supply zone, XRP has formed successive lower highs, while recent rebounds have struggled to hold above $1.52–$1.55. The price is now consolidating near $1.52, just above the recent lows around $1.47.
If sellers push XRP beneath these lows, the highlighted $1.43–$1.45 demand zone would become the next important support area. This zone sits near the base of the earlier bullish acceleration and could attract renewed buying interest. A decisive breakdown, however, would weaken the recovery structure and expose lower support around $1.38, followed by the broader $1.25–$1.32 demand zone.
For buyers to regain control, XRP needs to reclaim the $1.52–$1.55 resistance area and interrupt the sequence of lower highs. Such a recovery could support another test of $1.60–$1.62, although sustained acceptance above the broader $1.61–$1.70 supply zone would be necessary to confirm bullish continuation.
Source: CryptoPotato
