XRP remains under pressure after failing to sustain last week’s recovery attempt. The latest price action shows sellers regaining control near a key resistance zone, pushing the asset back toward a major support area that is now becoming the focal point for the short-term trend.

Ripple Price Analysis: The Daily Chart

On the daily timeframe, XRP continues to trade within a broad descending channel and remains below both the 100- and 200-day moving averages. The recent rebound stalled beneath the 100-day MA and the lower boundary of the highlighted resistance zone around $1.28 to $1.35, reinforcing the bearish higher-timeframe structure.

The most recent development is the rejection from that resistance area and the subsequent move back toward the $1.07 to $1.15 demand zone. This support region has repeatedly attracted buyers throughout June and remains the most important level on the chart.

As long as XRP holds above this zone, the market may continue consolidating within its current range. However, a decisive breakdown below $1.07 would expose the previous swing low and significantly increase the probability of another leg lower.

On the upside, buyers must reclaim the $1.28 to $1.35 resistance area before any meaningful trend reversal can be considered.

XRP/USDT 4-Hour Chart

The 4-hour chart shows a clear deterioration in short-term momentum. After failing to break above the ascending resistance trendline and the $1.26 to $1.3 supply zone, XRP rolled over and erased most of its recovery gains.

More importantly, the recent rebound from the support zone produced another lower high near $1.25 before sellers regained control. Since then, price has drifted back toward the $1.1 support region and is currently trading near the lower boundary of the range.

The latest candles suggest weakening buying pressure, with XRP struggling to generate any meaningful bounce despite sitting on support. This places greater attention on the $1.07-$1.15 demand zone.

If buyers can defend the current area, another recovery toward $1.2 and eventually $1.26 remains possible. However, a breakdown below support would invalidate the recent consolidation structure and could trigger a deeper move lower.

Overall, the short-term outlook has become increasingly defensive. XRP remains trapped below key resistance while repeatedly revisiting support, leaving the $1.07 to $1.15 region as the critical level likely to determine the next directional move.

Источник: CryptoPotato