Technical analysis
By Shayan
The daily chart
On the daily time frame, XRP is trading firmly within a descending channel that has defined the price action since the October peak. Any recovery attempt was capped by the upper boundary of this channel, reinforcing the dominant bearish structure.
The asset is currently hovering around the $2.03 level, well below both the 100-day and 200-day moving averages. The 200-day moving average near the $2.50 region has acted as dynamic resistance, coinciding with a large daily supply zone that previously led to aggressive sell-offs.
Above current levels, the $2.25 to $2.50 zone remains the most critical resistance area. This region represents a former consolidation range and overlaps with the descending trendline, creating a strong confluence that sellers will likely defend.
On the other hand, the demand zone from USD 1.90 to USD 1.75 stands out as the key support area. This region marks the strongest bullish reaction during the correction and is located near the lower boundary of the descending channel. A deeper pullback in this zone would still be considered structurally consistent with the ongoing correction phase.
As long as XRP remains below the $2.25 level, the broader daily structure favors continuation rather than reversal.
The 4-hour chart
The 4-hour chart shows continued compression within a smaller descending structure nested within the larger daily channel. Price forms lower highs and higher lows, resulting in a tightening range that reflects indecision rather than accumulation.
Recent attempts to move higher have been rejected around the $2.10 to $2.15 supply zone, which aligns with a small four-hour order block and the local downtrend line. Any rejection from this area has led to renewed selling pressure, pushing the price back to the psychological $2.00 level.
If XRP fails to hold above $2.00, liquidity will likely be pulled towards the $1.90 to $1.85 region, where the next demand cluster resides. This area also aligns with the lower bound of the short-term structure, increasing its technical significance.
For a bullish shift to materialize, XRP needs to regain the USD 2.15 level and remain above it with strong momentum. Until that happens, short-term rallies are likely to remain corrective and vulnerable to rejection.
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