Ripple’s XRP token is holding close to a critical support band between $1.05 and $1.15, and recent chart signals hint at a possible stabilization after several weeks of decline.
Daily Technical Overview
On the daily timeframe, XRP consolidates above the $1.05‑$1.15 support zone after testing the lower edge of its descending channel. The price remains near the channel’s floor, but the RSI has formed a higher low, a bullish divergence that often precedes a market turning point.
For traders, the next obstacle lies at the descending channel’s resistance, which aligns with a moving‑average cluster ranging from $1.35 to $1.55. A breach of that region would lift sentiment among crypto investors and could trigger a broader reversal in the downtrend.
Short‑Term Momentum
The 4‑hour chart shows XRP constructing a recovery pattern anchored to the $1.05 support level. Higher lows are emerging while the price respects an ascending trendline, indicating that short‑term momentum is gaining strength.
Continued upward movement toward the $1.35 zone may persuade cautious investors to re‑enter the market, while the blockchain ecosystem watches for any catalyst that could accelerate the rally.