TLDR
- XRP trades near $1.40, while bulls need a daily close above $1.52 for control again.
- The $1.30 to $1.35 zone remains key support after several defended retests on the chart.
- RSI near 47.5 shows weak momentum, but its rising support line has not failed yet.
- Macro traders watch the cup and handle thesis, with $8 targets tied to Fib extensions.
- Large XRP wallets reportedly hold 45.85 billion tokens, raising attention across long-term market debates now.
XRP is drawing fresh attention as traders compare its current base with past market cycles. The token trades near $1.40, while buyers defend a key support area. The main question is whether this base can support a larger rally later.
XRP Price Holds Inside a Tight Daily Range
XRP remains locked inside a compression range after a strong earlier selloff. The chart shows lower highs from the upper trendline. It also shows steady demand near the $1.30 to $1.35 zone.
The recent rejection near $1.48 to $1.52 kept the short-term trend under pressure. Traders now view that area as the first major test. A daily close above it may shift control toward buyers.
Support remains clear near $1.36 to $1.38. The larger support range sits between $1.30 and $1.35. A daily close below $1.30 may expose $1.20 and $1.10.
For now, the chart stays neutral to bearish. Bulls need stronger candles above the falling resistance line. Sellers still hold an edge while price remains below $1.52.
RSI And Chart Levels Shape The Next XRP Move
The daily RSI sits near 47.5, according to the shared chart view. It remains below its moving average near 54. That reading shows weaker short-term momentum.
However, RSI still appears to hold a rising support line. A move back above 50 may help buyers. A move above 55 may add strength to the recovery case.
The bullish path depends on support holding near $1.30 to $1.35. XRP also needs to reclaim $1.45. After that, traders would watch $1.50 to $1.52.
If XRP breaks higher, $1.60 may become the next level. The next zones sit near $1.76 and $1.95. Larger targets near $2.13 to $2.40 need stronger market demand.
Macro Setup Keeps 2017 Rally Debate Alive
Some market watchers also point to a multi-year cup and handle setup. They say XRP still trades under long-term resistance. The handle may still be forming after its past cycle high.
One trader framed the view with caution, saying, “Could be something. Could be nothing.” That quote reflects doubt around timing. It also shows that traders are waiting confirmation, not only patterns.
The macro view also mentions a possible Gaussian Channel retest. Support near the 0.5 Fib level sits around $0.89. Some analysts see that zone as a possible deeper base area.
Policy and fund flows have also entered the XRP debate. Market notes linked XRP to ETF interest, whale holdings, and the CLARITY Act. Still, price must break resistance before a 2017-style rally gains support.
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