After a recent dip toward the $1.94 support level, XRP has rebounded to $2.18, breaking short-term downtrend lines and reclaiming key intraday levels. This recovery, supported by momentum indicators and the Supertrend, raises questions about whether bullish momentum can sustain above $2.20 in the near term.
Technical Overview of XRP’s Current Movement
XRP recently formed a strong swing low near $1.94, leading to a sharp price rise. The 4-hour chart indicates a breakout from a descending wedge pattern, accompanied by a bullish flip on the Supertrend indicator at $2.04. Currently, XRP is consolidating below the $2.23 resistance level, which aligns with the upper boundary of the previously broken trendline.
The Directional Movement Index (DMI) on the 4-hour timeframe shows the positive directional indicator (+DI) at 23.21, gradually gaining on the negative directional indicator (-DI) at 29.96. The Average Directional Index (ADX) sits at 16.17, suggesting a potential early trend shift but lacking strong conviction.
On the daily chart, XRP remains contained within a longer-term descending wedge pattern. The upper trendline near $2.33 represents a significant decision point, while the lower trendline provides dynamic support around the $1.90 region.
Recent price movements have pushed XRP above the mid-level of the weekly Fibonacci range, with $1.94 (Fib 0.5) acting as a critical reversal level. A weekly close above the 0.382 Fibonacci level at $2.28 would reinforce a bullish pivot and open the door toward $2.71 (Fib 0.236) as the next upside target.
Factors Driving XRP’s Recent Recovery
The rebound in XRP's price appears driven by bullish technical patterns and compressed volatility unwinding. On the 30-minute chart, a clear breakout from a falling wedge formation around $2.00 sparked a rally back to $2.21, supported by volume confirmation and relative strength index (RSI) behavior.
The 30-minute RSI currently reads 48.85, following several bearish divergence signals that indicate slowing momentum. Despite this, price remains above the key trendline that supported the recent reversal. The moving average convergence divergence (MACD) on the same timeframe shows a flattening histogram and potential bullish crossover setup, though confirmation is still pending.
Higher timeframes show the Parabolic SAR has flipped bullish, while the Supertrend remains positive above $2.04.
Key Resistance and Support Levels
XRP is currently compressing just below $2.23, potentially forming a flag continuation structure. Bollinger Bands on the 4-hour chart are expanding slightly, with price testing the mid-band near $2.15 and upper band at $2.26. A momentum acceleration that reclaims the upper Bollinger Band would signal continuation toward $2.28–$2.33.
From a moving average perspective, XRP has reclaimed the 20-day exponential moving average (EMA) at $2.13 and the 50-day EMA at $2.16 on the 4-hour timeframe. However, price continues to struggle below the 100-day EMA ($2.19) and the 200-day EMA ($2.26). This concentration of resistance makes it a critical inflection point for bullish momentum.
The Bull Market Support Band shows XRP pushing into the resistance layer between $2.18 and $2.29. A breakout beyond this zone could signal a medium-term trend reversal, while rejection here would confirm bearish continuation.
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Short-Term Price Outlook
Over the next 24 hours, XRP price volatility is expected to increase as it approaches the $2.23–$2.26 resistance cluster. A confirmed breakout above $2.23 would expose the $2.28–$2.33 zone, which includes the weekly 0.382 Fibonacci level and trendline intersection.
On the downside, if XRP falls below $2.11 and breaks beneath $2.08, the market could quickly revisit $1.94, which now serves as a reclaimed demand zone. Volume behavior and MACD crossover confirmation will be crucial in determining the next directional move.
Traders should monitor for a clean 30-minute or 4-hour candle close above $2.23 with rising volume for bullish confirmation. If the breakout fails, the flag structure could resolve downward toward the rising support trendline near $2.03.
Technical Indicators Summary
| Indicator/Level | Value / Signal |
|---|---|
| Current Price | $2.18 |
| Primary Resistance | $2.23 – Short-term rejection zone |
| Secondary Resistance | $2.33 – Fibonacci and trendline confluence |
| Primary Support | $2.11 – Mid-band and Supertrend level |
| Secondary Support | $1.94 – Weekly Fib 0.5, swing low |
| 20/50 EMA (4H) | $2.13 / $2.16 – Recently reclaimed |
| 100/200 EMA (4H) | $2.19 / $2.26 – Resistance cluster |
| Bollinger Bands (Upper/Lower) | $2.26 / $2.09 – Range limits |
| RSI (30-min) | 48.85 – Neutral with divergence flags |
| MACD (30-min) | Near zero – Waiting for crossover |
| Supertrend (4H) | Bullish above $2.04 |
| DMI (ADX / +DI / -DI) | 16.17 / 23.21 / 29.96 – Weak trend bias |
| Fibonacci Levels (Weekly) | $2.28 (0.382) / $1.94 (0.5) |
| Bull Market Band (4H) | $2.18–$2.29 – Key breakout zone |
XRP price action currently sits at a critical decision point. While bulls have regained some control, they must reclaim the $2.23–$2.26 resistance pocket to confirm continuation. Failure to do so could lead to a retest of $2.08 and possibly $1.94. Market participants should closely monitor momentum and volume to gauge the next breakout or breakdown direction.
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Frequently Asked Questions
What is the significance of the $2.23 level for XRP?
The $2.23 level represents a key resistance zone where several technical elements converge, including previous rejection points and the upper boundary of a broken trendline. A decisive break above this level could signal continued upward momentum.
How does the Supertrend indicator affect XRP's price direction?
The Supertrend indicator provides dynamic support and resistance levels based on price volatility. XRP maintaining above the Supertrend level at $2.04 suggests short-term bullish momentum, while a break below would indicate potential trend reversal.
What are the main support levels if XRP price declines?
Primary support sits at $2.11, which aligns with the Bollinger Band mid-line and Supertrend indicator. Secondary support resides at $1.94, corresponding to the weekly Fibonacci 0.5 level and recent swing low.
Which technical indicators are most relevant for XRP's short-term movement?
Key indicators to watch include the 4-hour EMAs (particularly the 100 and 200 EMA), Bollinger Bands for volatility expansion, and MACD for momentum shifts. Volume confirmation remains crucial for validating breakouts or breakdowns.
What timeframes should traders focus on for XRP analysis?
Short-term traders should monitor 30-minute and 4-hour charts for entry and exit signals, while swing traders should consider daily and weekly charts for broader trend context and significant support/resistance levels.
How reliable are Fibonacci levels for predicting XRP price movements?
Fibonacci retracement levels often act as psychological price points where traders place orders. The 0.382 ($2.28) and 0.5 ($1.94) levels have proven particularly significant for XRP's recent price action, making them important areas to watch.
The information presented here is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Cryptocurrency investments carry substantial risk, including possible loss of principal.