Ripple’s XRP has seen a noteworthy rebound after reaching a temporary low close to $1.10, yet the overall price structure appears to remain vulnerable to changes. The recent surge in value has brought XRP back into a crucial supply region, indicating a significant decision-making moment between a potential continuation of the upward trend or another rejection in the ongoing downward trend.

Ripple Price Analysis: The Daily Chart

In the daily chart, XRP is still following a clear descending channel, adhering to a bearish pattern despite the latest recovery. The price drop intensified as it neared a major demand zone between $1.10 and $1.20, where buyers eventually made a comeback. This suggests that $1.15 is an essential demand area on a broader scale.

The latest bounce is nearing the middle trendline of the channel, previously seen as a support point around $1.75 to $1.85, which has now turned into resistance. While XRP remains below the $1.80 mark, the general sentiment remains bearish. A daily close above $1.85 would pave the way to the next major resistance between $2.40 and $2.50. Conversely, failing to break through this level could see the price re-test the $1.20 mark.

XRP Daily Chart

XRP/USDT 4-Hour Chart

On the shorter four-hour chart, the recovery seems more vigorous, with robust bullish movements reclaiming a supply area around $1.50 to $1.55. Although the price reached the $1.65 to $1.80 range, it faced rejection and returned to its previous level.

If Ripple can stabilize above $1.55 and establish itself between $1.55 and $1.70, a move toward $1.80 becomes plausible. However, if it fails to maintain an above $1.55 position, momentum may shift downwards, exposing the asset to $1.30 and the critical demand level of $1.15 once more.

XRP 4-Hour Chart

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Disclaimer: The insights presented here reflect the views of the analysts cited. They do not represent investment advice from CryptoPotato, and we advise conducting personal research before making any investment choices.