XRP Recovers Rapidly from Recent Lows, Creating a Positive Trend Above Critical Support

XRP has seen a significant recovery, climbing 6% after a recent decline, with indications of a potential positive trend as traders target key resistance.

Key Takeaways

XRP rebounded sharply after a 6% decline, stabilizing above $2.04 and forming a bullish ascending channel.
Traders are monitoring the upward pressure at the $2.09 resistance line amid continued economic uncertainty.
Analysts are focused on whether XRP can break through the $2.09 resistance with confirmed volume.

XRP experienced a sharp recovery after a tumultuous session that saw prices dip over 6% in one day. Following a quick sell-off to $2.011, the asset stabilized and recovered, forming a bullish ascending pattern while maintaining support above the $2.04 mark.

Traders are keenly observing as XRP builds upward momentum at the $2.09 resistance level.

Market Context

Market sentiment remains cautious as global economic uncertainty continues to impact risk assets. Trade tensions and policy changes among major economies have created pressure on the broader cryptocurrency market, leading to liquidations and take-profit actions across significant tokens. Despite this volatility, XRP’s on-chain and technical indicators remain robust, benefiting from institutional narratives surrounding the potential approval of a spot ETF and Ripple’s expansion in global payments. Analysts are paying close attention to XRP’s capability of establishing a new higher low, which might pave the way for a breakout if the $2.09 resistance is breached with confirmed volume.

Price Movements

XRP registered a 6.33% trading range over the past 24 hours, slipping from $2.147 to $2.011 amid a sell-off around 21:00. Trading volume surged to over 163 million units, indicating significant downward pressure. Following the drop, XRP gradually recovered, establishing a higher low at $2.042 before ascending to $2.083. During the last hour, XRP surged from $2.078 to $2.089, reaching the session’s peak on a strong volume increase of 1.38M at 06:20. This price action has confirmed a short-term ascending channel, with noticeable higher lows recorded at $2.079, $2.082, and $2.083.

Technical Insights

XRP experienced a trading range of 6.33% from $2.147 to $2.011.
The most intense selling activity transpired at 21:00 with over 163 million in volume.
The higher low at $2.042 and recovery to $2.083 suggest a returning buyer influence.
The current resistance ranges between $2.089 and $2.090, while support remains robust between $2.011 and $2.042.
In the final hour, a price rise to $2.089 occurred on volume of 1.38M at 06:20.
Short-term ascending channel confirmed, indicating sequential higher lows.
Buyers are actively defending the $2.082–$2.083 zone on minor pullbacks, implying accumulation.
The MACD indicator is entering positive territory, while the RSI is neutral at around 54, suggesting continued upward momentum if resistance is cleared.