XRP posted its first meaningful rebound after weeks of heavy selling pressure, climbing from a local low near $1.08 back toward the $1.20 region.
Technical Recovery
The digital asset slipped below its 50‑day exponential moving average and lost the $1.32 support level, pushing the price into the $1.10 zone before hitting the $1.08 trough. Buyers intervened quickly, creating a series of higher lows that lifted XRP toward the $1.20 area, marking the strongest bullish attempt since the short‑term trend collapsed.
The Relative Strength Index surged from oversold territory to neutral territory, a pattern that historically precedes relief rallies after large liquidation events. This RSI recovery suggests that selling pressure may be easing, giving investors a clearer view of the market’s direction.
On‑Chain Fundamentals
On‑chain metrics show that XRP Ledger activity stayed robust throughout the correction, with transaction volume remaining well above typical inactivity thresholds. Payment counts also held steady, reinforcing the notion that blockchain usage remains strong even as the price fluctuates.