XRP initiated the trading session with a robust performance, quickly surging to an intraday peak exceeding $1.67. This upward movement was accompanied by a notable increase in trading volume, indicating active participation from traders. However, this same surge also suggested profit-taking near the highs, which eventually led to a decline. As sellers entered the market near resistance levels, the price began to relinquish its gains.
With the recent positive momentum mostly erased, traders are now closely monitoring the situation to see if XRP can stabilize and reclaim the $1.60 territory, or if ongoing selling pressure will push it down towards lower support levels in the near term. The bearish outlook has intensified, especially following XRP’s decline below the previously held $1.80–$1.85 range, which had served as a significant support level during prior consolidations. This break indicated that sellers remained active at higher price levels, resulting in XRP currently trading around $1.48 after a notable rejection from the recent high.
The daily chart analysis reveals that what appeared to be a breakout quickly reversed into aggressive selling, erasing short-term gains and dragging the price beneath key thresholds. Following this downturn, the price extended towards the $1.15–$1.06 demand zone, where buyers eventually stepped in. This bounce provided some price stabilization; however, momentum has yet to shift back toward the bullish side. Increased trading volume during the sell-off highlights that a significant number of traders exited their positions, and the On-Balance Volume (OBV) continues its downward trend, indicating ongoing capital outflow.
Furthermore, the Directional Movement Indicator (DMI) illustrates that bearish sentiment remains prevalent, with the negative directional index holding at elevated levels. This situation emphasizes that sellers continue to dominate the market for the time being.
At present, XRP finds itself at a critical juncture. The first essential level for bulls to reclaim is between $1.58 and $1.60. A strong daily close above this range would signify a resurgence in buyer confidence. Should this resistance be surpassed, the next hurdles lie at approximately $1.80, followed by stronger resistance levels at $1.98–$2.18.
On the downside, failure to maintain above $1.40 could invite renewed selling. Additionally, if the price breaks below $1.15, it may slide back towards the $1.06 level and, if that fails, risk dropping below the $1 threshold.
The current price behavior indicates flirtation with stability following a harsh downturn. While the recent bounce from lower support is a positive sign, it does not yet indicate a momentum shift. For bullish traders to regain control, a consistent rally above resistance levels, accompanied by reliable volume, is necessary—not merely a fleeting rebound. The upcoming daily closes will be critical in determining whether this movement represents a healthy retracement before another upward push, or if it signals the commencement of a broader corrective phase.
