XRP Price Analysis: Ripple Token Tests Key Resistance After Recent Rebound
Key Takeaways
- •XRP remains within a multi-month descending channel despite rebounding from the $1.02 to $1.04 demand zone.
- •The $1.17 to $1.20 supply area is the main daily resistance level buyers need to overcome.
- •A confirmed move above current resistance could bring the $1.28 region into focus as the next upside target.
- •Failure to clear resistance may push XRP back toward $1.05 to $1.07 support, with $1.02 to $1.04 also important.
- •On the 4-hour chart, the lower trendline of the ascending wedge is a key support area for maintaining recovery prospects.
Ripple’s XRP is showing signs of stabilization after a sharp pullback from higher levels, but its recovery remains capped by several resistance areas that continue to draw selling activity. Buyers have defended the recent lows, yet the market still needs a clear structural breakout before a stronger upside move can be assessed. In technical analysis, this makes confirmation important: repeated failures at supply zones can keep short-term rebounds corrective until price establishes acceptance above resistance.
Ripple Price Analysis: Daily Chart
On the daily timeframe, XRP is still trading within a broad descending channel that has guided price action for several months. The recent rebound from the $1.02 to $1.04 demand zone has helped the token recover some ground, but it has not yet altered the wider bearish structure.
The main hurdle for buyers remains the $1.17 to $1.2 supply zone, located near the upper boundary of the descending channel. A successful breakout above this area could open a move toward the next resistance region around $1.28. However, as long as XRP remains below that level, the current advance may still be viewed as a corrective move within the broader downtrend.
If the price is rejected from the current resistance area, XRP could move back toward the $1.05 to $1.07 support region. A deeper decline would bring the $1.02 to $1.04 buyers’ base back into focus. These nearby support and resistance bands are especially relevant because XRP is trading in a compressed range, where short-term direction often depends on whether buyers can defend higher lows or sellers continue to cap rebounds.
XRP/USDT 4-Hour Chart
The 4-hour chart shows the continued contest between buyers trying to establish a base and sellers defending overhead supply. XRP recently moved toward the $1.16 to $1.18 resistance zone but failed to confirm a breakout, leaving the short-term structure exposed.
The $1.16 to $1.18 supply range remains a key barrier, with price action still struggling to reclaim the area above it. Until XRP breaks above this zone and confirms strength above it, upside attempts may continue to encounter selling pressure.
On the downside, the lower trendline of the ascending wedge remains the main support area. Holding above this zone would keep the possibility of another recovery attempt intact, while a breakdown below it would weaken the current setup and increase the risk of further downside.
