Ripple's XRP has shown signs of stabilization after its prolonged downtrend, with buyers successfully defending a key support region and triggering a short-term market structure shift. Although the broader trend remains bearish, the recent price action suggests that selling pressure is weakening, and the market may be preparing for a larger recovery attempt if current support levels continue to hold.
Daily Timeframe
On the daily timeframe, XRP remains inside a broader descending channel and continues to trade below the 100-day and 200-day moving averages, which are both trending lower and maintaining the long-term bearish structure. However, the recent decline toward the $1.02-$1.06 support zone appears to have attracted significant demand.
Short-Term Outlook
The price recently bounced from the support zone and is now attempting to reclaim the horizontal resistance region around $1.22-$1.28. A successful reclaim of the $1.22-$1.28 resistance zone would strengthen the recovery scenario and potentially open the path toward the major supply area near $1.55. The 4-hour chart presents a more constructive outlook, with XRP forming a market structure shift after the sweep of liquidity below the $1.02-$1.06 support region.
Key Levels
The key level to monitor now is the descending trendline and the $1.15-$1.18 resistance area. A decisive breakout above this region would confirm a higher-high formation and could accelerate momentum toward the larger daily resistance zone between $1.22 and $1.28. Conversely, failure to break the trendline could lead to additional consolidation between support and resistance before a larger directional move develops.
Based on reporting from crypto.news.