Ripple's native token, XRP, continued to face selling pressure on Thursday, extending its corrective phase as it traded below the 50-day Exponential Moving Average (EMA). Although the cryptocurrency has bounced back from recent lows, buyers are encountering firm resistance that has capped the recovery.

The current technical configuration indicates that while bullish momentum is gradually building, XRP has not yet confirmed a sustained trend reversal.

50-Day EMA Continues to Cap Upside

XRP is currently trading below the 50-day EMA at $1.1458 and remains well under the 200-day EMA at $1.4425. Both moving averages serve as significant resistance levels, preventing the token from generating stronger upward momentum.

Recent price action shows that buyers have successfully held lower support zones, but rallies have repeatedly stalled before reclaiming these key technical thresholds.

Despite the broader corrective trend, technical indicators point to a slow return of buying pressure. The Moving Average Convergence Divergence (MACD) remains on an upward trajectory, with both the MACD line and signal line advancing while the histogram continues to expand into positive territory, signaling strengthening bullish momentum.

Meanwhile, the Relative Strength Index (RSI) has climbed to approximately 55, placing it above the neutral 50 level. This reading suggests buyers are gradually regaining control without the market becoming overbought. Taken together, these indicators point to improving conditions, though confirmation of a sustained recovery will require a breakout above key resistance.

Key Resistance and Support Levels

The first major obstacle for XRP is the 50-day EMA at $1.1458. Just above that sits the 50% Fibonacci retracement level of the recent decline from $1.2935 to $1.0092, located around $1.1514. A decisive move above this resistance zone would improve the short-term outlook and could attract additional buying interest.

If XRP fails to break higher, traders will likely monitor several important support areas:

• 38.2% Fibonacci retracement: $1.1178
• Broken ascending trendline: Around $1.0937
• 23.6% Fibonacci retracement: $1.0763
• Recent swing low: $1.0092

Holding above these support levels would help preserve the current recovery structure, while a break below them could expose XRP to further downside.

Outlook

XRP remains in a cautious recovery phase, supported by improving momentum indicators but constrained by significant technical resistance. A successful breakout above the $1.1458–$1.1514 resistance zone would provide the first meaningful signal that bulls are regaining control. Until then, the token is likely to remain in a consolidation phase, with traders watching whether support around $1.12 can withstand renewed selling pressure.

XRP is the native token of Ripple, a company focused on cross-border payment infrastructure for financial institutions. In August 2024, a federal court ruled that programmatic sales of XRP on exchanges did not constitute securities transactions, providing a degree of regulatory clarity that has been a recurring factor in the token's market dynamics. The current technical picture also follows a broader period of volatility across major cryptocurrencies, where shifting macroeconomic conditions and risk sentiment have contributed to sharp price swings. Beyond the technical levels outlined above, market participants are likely to continue watching for developments related to Ripple's enterprise partnerships, ongoing regulatory engagement, and broader digital asset market trends as potential drivers of XRP's next directional move.

Source: CoinJournal