From CryptoPotato · By Shayan Markets
XRP has extended its decline into a key demand zone near $1.30, giving up more of September’s recovery. While nearby support could trigger a relief bounce, the persistent sequence of lower highs and lower lows keeps the immediate outlook bearish.
XRP Price Analysis: The Daily Chart
On the daily timeframe, XRP has fallen into the highlighted $1.24–$1.32 demand zone after failing to sustain its rebound around $1.40. Consecutive bearish candles show that sellers remain in control, with the price now approaching the region that supported September’s strong advance.
This historical reaction makes the current zone important, but buyers have yet to produce a comparable response. Stabilization followed by a sustained reclaim of $1.32 would provide an initial sign that demand is returning. Such a recovery could support a move toward the $1.38–$1.42 resistance area, where the previous rebound stalled.
Conversely, continued weakness through the lower demand boundary around $1.24 would undermine the September base and increase the risk of a deeper correction. The next highlighted daily support sits around $1.11–$1.17. For now, holding demand is essential, but a reversal requires stronger bullish follow-through.
XRP/USDT 4-Hour Chart
The 4-hour chart shows XRP continuing to trade within a descending channel. Recent recoveries have repeatedly stalled beneath its midpoint, while the latest decline has pushed the price into the $1.27–$1.31 support zone near the channel’s lower boundary.
This confluence could attract buying interest and produce a short-term rebound. However, XRP first needs to reclaim $1.31 and the descending midpoint around $1.32–$1.33 to interrupt the immediate bearish sequence. Above that, the recent $1.34–$1.35 swing highs represent another resistance area, followed by the channel’s upper boundary near $1.39–$1.40.
If buyers fail to defend $1.27, the price could revisit the earlier wick lows around $1.25. Sustained acceptance below both support and the descending channel boundary would suggest accelerating selling pressure. Until XRP breaks the sequence of lower highs, any bounce remains vulnerable to renewed supply.
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