
XRP Needs to Maintain Key Support to Avoid Drop Below $1.6: Price Analysis
This analysis scrutinizes the price movements of XRP and emphasizes the critical support levels that need to be upheld to prevent a significant downturn.
Ripple is currently positioned within a larger corrective trend, showing a lack of bullish momentum and consistently falling short of key resistance landmarks.
Despite some short-term reactions near support areas, the broader market structure signals that XRP is caught in a phase of consolidation rather than a definitive trend reversal.
XRP Price Analysis: Technicals
Daily Chart
On the daily chart, XRP remains beneath a descending trendline, acting as a significant dynamic resistance since the major decline from higher levels. This trendline has consistently brought about renewed selling pressure whenever price approached it.
Both the 100-day and 200-day moving averages are above the current price, further solidifying a bearish-to-neutral outlook. The main supply zone resides between the $2.4 to $2.5 mark, where previous failures to reclaim this level have occurred. As long as XRP stays below this zone, any upward movements are likely to remain corrective.
Conversely, on the downside, XRP trades just above a critical demand zone between $1.7 to $1.8, historically characterized by buyer activity and represents major structural support on the daily chart. A breach below this zone could severely diminish market structure and lead to heightened risk of further losses.
4-Hour Chart
On the 4-hour chart, XRP has broken beneath a local descending wedge, illustrating a trend of lower highs and lower lows. The recent bounce from the broader channel’s lower boundary appears more reactive than decisive, indicating insufficient buyer support.
Resistance in the short-term is present in the $2 to $2.1 area where prior consolidations were noted before the price dipped lower. Until Ripple manages to reclaim a decisive level with substantial momentum, attempts to rise may encounter resistance.
Failure to maintain above current support and acceptance below the $1.8 region could exacerbate liquidity sweeps. This scenario would likely focus on the lower boundary of the broader demand zone and could prolong the corrective phase before any significant recovery appears feasible.
Overall, Ripple’s structural integrity appears tenuous across both analyzed timeframes, with trend resistance looming overhead and critical support levels situated directly below the current market price. A robust shift in market structure is essential for a lasting bullish outlook.
