Ripple’s XRP is approaching a technically important inflection point after rebounding sharply from its recent lows. The recovery has brought the price back to the upper boundary of its declining structure, where a confirmed breakout could shift short-term momentum further in favor of buyers.
Ripple Price Analysis: The Daily Chart
On the daily timeframe, XRP continues to recover from the sharp August rally and subsequent consolidation. The asset is currently trading around $1.48, comfortably above the major moving averages shown on the chart.
The recent correction found support near the 200-day moving average around $1.27-$1.28. Buyers responded aggressively from this region, preventing a deeper retracement and pushing XRP back toward the upper portion of its recent range.
However, the major overhead supply zone remains considerably higher at $1.61-$1.70. This area marks the principal resistance that buyers would ultimately need to reclaim before a broader bullish continuation becomes more convincing.
For now, holding above the $1.27-$1.30 region keeps the larger recovery structure intact. A renewed rejection and breakdown below this support would weaken the setup and could expose the lower moving average near $1.18, while the major demand zone around $0.93-$0.97 remains the deeper structural support.
XRP/USDT 4-Hour Chart
The 4-hour timeframe highlights the immediate decision point more clearly. XRP has been trading within a descending channel, but the latest rebound from the $1.22-$1.28 demand zone has driven the price all the way back toward the channel’s upper boundary around $1.43-$1.45.
Importantly, the recovery also reclaimed the $1.33-$1.36 zone, which had previously acted as a key short-term barrier. As long as the asset remains above this region, buyers retain control of the latest recovery leg.
The next challenge is a confirmed breakout above the descending trendline. A sustained move beyond roughly $1.45 would invalidate the immediate bearish channel structure and could allow XRP to target the $1.51-$1.55 resistance zone. Beyond that, the larger $1.61-$1.65 supply region would become the next major objective.
On the other hand, another rejection from the descending trendline would indicate that the corrective structure remains active. In that scenario, the reclaimed $1.33-$1.36 zone would be the first key support to watch. Losing it could shift attention back toward the major $1.22-$1.28 demand area, where the latest recovery originated.
The post Ripple Price Analysis: XRP Approaches a Critical Breakout Level After 8% Daily Surge appeared first on CryptoPotato.
