XRP at a critical region after recent rebound: Here’s what to watch out for
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XRP has been on a turbulent ride over the past month.
The cryptocurrency recently experienced a sharp pullback, falling roughly 31% over the last month.
But at the beginning of February, XRP attempted a short-lived rebound, pushing the price to around $1.46.
However, the recovery lacked strong follow-through, raising concerns about its sustainability.
Technically, bearish signals dominate
The structure of XRP’s price action remains under pressure.
The recent drop below $1.20 indicates that prior support levels are now acting as resistance.
This breakdown signals a bearish market structure rather than a temporary correction.
On shorter timeframes, XRP shows corrective rallies toward supply zones near $1.50.
But selling pressure tends to reassert at these levels, preventing a strong reversal.
Several previous support areas have been broken with limited buying response, leaving only a few critical zones untested.
One such demand zone sits around $1.00, which could serve as a crucial floor if the decline continues.
Momentum indicators support this view with the Relative Strength Index (RSI) below neutral, and trading volumes during the rebound have been modest.
This combination suggests that buyers are not yet in control of the market.
Broader crypto market context
XRP’s downtrend aligns with broader market conditions.
Bitcoin and Ethereum have also faced pressure over the past month, creating additional downside risk.
Traders should remain aware that broader crypto volatility can amplify XRP’s moves.
The fully diluted market capitalisation of XRP stands at over $141 billion, with a circulating supply of around 60.9 billion tokens.
These factors contribute to significant market inertia and can intensify selling during periods of panic.
Moreover, XRP remains down roughly 43% over the past year, highlighting the prolonged weakness in its price structure.
Short-term relief rallies may occur, but they are likely corrective unless buyers gain momentum.
XRP price forecast
Traders should watch the $1.50–$1.55 range closely.
This area represents a supply zone where selling pressure has historically reappeared.
A failure to break above it could push XRP toward the next critical support near $1.00.
On the upside, reclaiming and holding $1.60–$1.65 would signal that bulls are regaining control.
The all-time high of $3.65 remains far off, but intermediate resistance levels around $2.05–$2.30 could act as short-term targets.
Market participants should also monitor volume and momentum indicators for confirmation of any reversal.
In summary, XRP remains at a critical juncture.
The current rebound is fragile, and traders must watch key levels to gauge whether the downtrend will continue or if a sustainable recovery is in sight.
The post XRP at a critical region after recent rebound: Here’s what to watch out for appeared first on Invezz
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XRP at a critical region after recent rebound: Here’s what to watch out for
Share:
XRP has been on a turbulent ride over the past month.
The cryptocurrency recently experienced a sharp pullback, falling roughly 31% over the last month.
But at the beginning of February, XRP attempted a short-lived rebound, pushing the price to around $1.46.
However, the recovery lacked strong follow-through, raising concerns about its sustainability.
Technically, bearish signals dominate
The structure of XRP’s price action remains under pressure.
The recent drop below $1.20 indicates that prior support levels are now acting as resistance.
This breakdown signals a bearish market structure rather than a temporary correction.
On shorter timeframes, XRP shows corrective rallies toward supply zones near $1.50.
But selling pressure tends to reassert at these levels, preventing a strong reversal.
Several previous support areas have been broken with limited buying response, leaving only a few critical zones untested.
One such demand zone sits around $1.00, which could serve as a crucial floor if the decline continues.
Momentum indicators support this view with the Relative Strength Index (RSI) below neutral, and trading volumes during the rebound have been modest.
This combination suggests that buyers are not yet in control of the market.
Broader crypto market context
XRP’s downtrend aligns with broader market conditions.
Bitcoin and Ethereum have also faced pressure over the past month, creating additional downside risk.
Traders should remain aware that broader crypto volatility can amplify XRP’s moves.
The fully diluted market capitalisation of XRP stands at over $141 billion, with a circulating supply of around 60.9 billion tokens.
These factors contribute to significant market inertia and can intensify selling during periods of panic.
Moreover, XRP remains down roughly 43% over the past year, highlighting the prolonged weakness in its price structure.
Short-term relief rallies may occur, but they are likely corrective unless buyers gain momentum.
XRP price forecast
Traders should watch the $1.50–$1.55 range closely.
This area represents a supply zone where selling pressure has historically reappeared.
A failure to break above it could push XRP toward the next critical support near $1.00.
On the upside, reclaiming and holding $1.60–$1.65 would signal that bulls are regaining control.
The all-time high of $3.65 remains far off, but intermediate resistance levels around $2.05–$2.30 could act as short-term targets.
Market participants should also monitor volume and momentum indicators for confirmation of any reversal.
In summary, XRP remains at a critical juncture.
The current rebound is fragile, and traders must watch key levels to gauge whether the downtrend will continue or if a sustainable recovery is in sight.
The post XRP at a critical region after recent rebound: Here’s what to watch out for appeared first on Invezz
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Ripple Unveils Institutional DeFi Roadmap As XRP Adoption Levels Reach New Highs