XRP rose over the past 24 hours, rising about 2%, a modest relief after last week’s sharp sell-off.
Summary
- The XRP price is up about 2% over the past 24 hours, but this move is showing little consequence as momentum and volume indicators continue to favor sellers.
- The RSI remains below neutral and balance sheet volume is still trending lower, suggesting the recent gains are driven by short-term relief rather than continued buying interest.
- The Fibonacci retracement levels point to heavy resistance between $2.05 and $2.30, a zone XRP price should regain to change the short-term outlook.
But despite the rebound, chart indicators for the Ripple token (XRP) suggest the rebound offers little cause for celebration, with sellers still firmly in control of the broader trend.
The XRP price is near $1.45, but the broader downtrend remains intact
On the daily chart, XRP remains stuck in a clear downtrend, marked by a series of lower highs and lower lows since late January. Although the price has stabilized around the $1.45 level after a brief decline to recent lows, this move looks more like short-term consolidation than the start of a meaningful recovery.
Momentum indicators reinforce that cautious view.
The relative strength index (RSI) is hovering well below the neutral 50 mark in the mid-30s, indicating that bearish momentum remains intact even after the latest rebound. Historically, sustained recoveries tend to coincide with RSI regaining neutral ground, something XRP has yet to achieve.
Volume-based indicators also point to continued selling pressure. On-balance sheet volume (OBV) is trending downward, indicating that distribution still outweighs accumulation. This implies that the recent green candles may be driven by short covering or temporary relief rather than new buying interest.
XRP price is facing heavy resistance near the Fibonacci zone of $2.05-$2.30
From a trend perspective, XRP is trading well below its 20-day moving average, currently near $1.68. The downward slope of that moving average underlines the lack of bullish continuation and indicates that rallies are likely to face selling pressure at higher levels.
The Fibonacci retracement levels, drawn from XRP’s recent swing high to January lows, further highlight the challenge for buyers. The zone from $2.05 to $2.30, which includes the 0.382, 0.5 and 0.618 retracement levels, represents a dense area of ​​drag. Sustained movement above that range would be necessary to shift the short-term outlook more constructively.
Until then, analysts say the latest 2% gain should be seen in context – as a pause within a broader downtrend rather than a decisive change in direction. With the momentum and volume indicators still in favor of sellers, XRP’s price action suggests that caution remains warranted in the near term.
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