
Analysis of Ripple's Price Movement: What Lies Ahead for XRP After a 30% Spike?
An in-depth examination of XRP's recent price dynamics following a significant weekly increase, along with insights into potential future trends.
XRP has recently experienced a significant upward movement, demonstrating an enhanced short-term structure with buyers entering the market strongly following a lengthy correction period. The latest price trends indicate a transition from passive price consolidation to an active recovery phase, although there remain some critical resistance levels.
Ripple Price Review: Daily Chart
On the daily chart, XRP has displayed a strong reaction near the established buyer’s base, around the lower demand zone at approximately $1.8. This essential area has managed to absorb selling pressure consistently, confirming its status as a critical demand zone where buyers are inclined to support the price. Recent daily candlestick formations exhibit a notable bullish breakout from a descending trend, implying that the sellers are losing dominance after several months of consecutive lower highs.
However, even with this positive shift, XRP is nearing a key resistance range between $2.4 and $2.5, which coincides with the 200-day moving average, marking it as a significant technical hurdle. While the breakout is positive, continued strength is necessary for the asset to secure acceptance above this threshold. A slip at this point wouldn’t negate the recovery process, but it could trap the price within a wider range instead of fostering a sustained bullish trajectory.
XRP Daily
XRP/USDT 4-Hour Chart
The 4-hour chart illustrates a more pronounced change in momentum. XRP had been consolidating above its buyer’s base, forming a compression structure as selling pressure eased. The decisive breakout upward led to price restoration above the previous descending channel without any immediate fallback into the earlier range.
This upward movement signifies an improvement in short-term market sentiment, as higher lows are now being established above the past consolidation zone. Nonetheless, as seen in the daily timeframe, the price is now confronting a clustered resistance area around $2.1 to $2.2, which is tied to prior supply levels and the trajectory of the declining moving average. Successfully maintaining levels above this breakout region would keep the bullish setup intact; failing to do so may trigger a retreat back towards the buyer’s base for a retest.
XRP 4H
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The views expressed on CryptoPotato are those of the cited authors and do not represent the views of CryptoPotato regarding investment advisements.
