Ripple Price Analysis: What’s Next for XRP?
Examining XRP's price movements after holding key support levels.
1XRP's Overall Outlook
XRP continues to face pressure across higher timeframes. Despite several recovery attempts, buyers are struggling to reclaim key resistance levels. The broader structure still favors sellers, although the price remains above a crucial demand area that could determine the next directional move.
2Daily Chart Analysis
On the daily timeframe, XRP continues to trade within a well-defined descending channel, reflecting the broader bearish trend that has dominated the market for several months. The 100-day and 200-day moving averages remain above the price, reinforcing the negative bias in higher timeframes.
3Recent Recovery Attempt
The recent recovery attempt stalled precisely beneath the $1.24 - $1.28 supply zone. This area coincides with the upper boundary of the descending channel and the moving averages, strengthening the resistance and explaining why sellers quickly regained control after the latest rally.
4Key Support Level
XRP continues to defend the $1.02 - $1.06 demand zone. This support has repeatedly attracted buyers in recent weeks and remains the most critical level to monitor. A sustained break below this area could expose the broader demand region around $0.88 - $0.92.
54-Hour Chart Analysis
On the 4-hour chart, XRP remains confined below a descending trendline that has capped every recovery since the mid-June peak. Although buyers have managed to produce several short-lived rebounds, none have been strong enough to invalidate the sequence of lower highs.
6Short-Term Price Action
The $1.16 - $1.18 zone represents the first meaningful resistance and aligns with the descending trendline, creating a key decision area for short-term price action. A decisive breakout above this confluence could improve the short-term structure and pave the way for another test of the higher supply zone around $1.24 - $1.29.
Original article: CryptoPotato — Ripple Fiyat Analizi: XRP'nin Geleceği Ne Olacak?