Ripple Price Analysis: XRP Could Make a Major Move Next Week
XRP may enter an upward trend if it breaks through resistance levels.
1Ripple's Current Status
Ripple's token XRP is showing signs of stabilization after a sharp decline from higher levels. However, the recovery remains limited by a series of resistance zones attracting sellers. Buyers have defended recent lows, but a clear structural breakout is needed for a stronger upward move.
2XRP on the Daily Chart
On the daily timeframe, XRP continues to trade within a broad descending channel that has shaped its price action for months. The rebound from the $1.02-$1.04 demand zone helped the asset recover, but the larger bearish structure remains intact. The $1.17-$1.20 supply zone remains a key hurdle.
3Critical Resistance Levels
XRP's inability to break above the $1.16-$1.18 resistance zone leaves the short-term structure vulnerable. Without a clear breakout and strong close above this level, upward attempts may continue to face selling pressure. The lower trendline of the ascending wedge is now key support.
4Possible Scenarios
If XRP is rejected from the current resistance area, the price could retreat to the $1.05-$1.07 support zone. A deeper drop would bring the $1.02-$1.04 buyer base back into focus. However, a breakout could open the path toward the $1.28 target.
5Indicators on the 4-Hour Chart
The 4-hour chart highlights the battle between buyers trying to build a base and sellers defending overhead supply. XRP's failure to break $1.16-$1.18 weakens short-term optimism. A breakdown of the ascending wedge could increase downside risks.
6The Importance of Next Week
Next week could be critical for XRP as the price moves near the boundaries of its long-term descending channel. Breaking resistance could start an uptrend, while losing support may trigger sharper declines. Investors should closely monitor market dynamics.