- XRP holds key demand, but momentum stays limited as price struggles below major resistance.
- Failure to reclaim $2.40 keeps the structure defensive while analysts monitor multi-year levels.
- Derivatives volume surges as XRP trades near crucial supports that shape upcoming direction.
Ripple (XRP) is currently in the process of corrective trading following the failure of the rebound in the first half of the month. The token has leveled above a key demand area but is not yet above an extended range of distribution that still holds back momentum. Price action is not yet promising enough because the market is still recovering after the recent volatility.
On the daily chart, the XRP reclaimed the support level of $1.80 and moved to enter the supply zone of $2.40. The relocation stopped at the falling 100-day moving average. The token is also far below the 200-day moving average, giving strength to the point of opposition close to the higher limit of that zone.
XRP Holds a Critical Structural Breakpoint
The initial near-term pivot is now the $2.00 region. Maintaining a hold above this area would preserve a higher-low pattern. Reappearing buyers could potentially trigger another swing at the $2.40 area and a subsequent test of the 200-day moving average.
Source: TradingView
Any daily close below about $1.90 would alter that configuration. It would indicate that selling pressure is reinforcing once again. This pause can create the likelihood of re-entry into the demand block of $1.80 that the last rally started.
Multi-Year Breakout Strengthens XRP Outlook
Crypto Patel, an analyst, highlighted that XRP was above a verified multi-year breakout area on the bigger time-frame charts. He noted a wedge breakout that occurred between 2020 and 2024 and was breaking downwards. He also mentioned that there has been over a 600% increase since the breakout of the region at $0.60.
Patel drew an accumulation zone that was between $1.90 and $1.30. He said the large bullish formation still stands above $1.30. His upside targets are $3.50, $5.00, $8.70, and above $10. He invalidated an HTF close below $1.30.
Source: X
Also Read: Pump.Fun (PUMP) Price Prediction Shows 500% to 1000% Upside After Breakout
Analyst CryptoWZRD mentioned that XRP had a bearish close. The drop in Bitcoin due to tariff pressure has also affected XRPBTC. He noted that he would use intraday charts in the future scalp setup. The price should stay above $1.9750 in the long run.
Source: X
Trading Volume Jumps While Open Interest Drops
According to CoinGlass data, the trading volume has increased by 126.11% to $5.54 billion. Open interest decreased 9.68% to $3.53 billion and indicated less positioning. The OI-weighted funding rate stands at -0.0010%.
Source: CoinGlass
XRP is now at a crossroads. Bulls must defend nearby support areas to come back on another push towards higher resistance. Bears seek to drive a more pronounced drawback to the bottom of the new upswing. The direction of the market will be determined by the price response at these critical levels.
Also Read: XRP Whales Accumulation Signals an Explosive Price Rally Above $9-$10 Range
