XRP has come under renewed selling pressure after failing to sustain its previous rebound, sending the price back toward a key support region. Although buyers have stepped in to defend the latest decline, the broader technical picture still favors caution as the asset trades below major resistance levels.

XRP Price Analysis: The Daily Chart

The daily chart continues to reflect a bearish market structure, with the cross-border token trading inside a long-term descending channel while remaining below both the 100-day and 200-day moving averages. The recent rejection from the upper portion of the range reinforces that sellers are still controlling the broader trend.

The $1.02 to $1.04 demand zone once again attracted buyers, triggering the latest rebound. However, the recovery remains vulnerable as long as the price stays beneath the descending trendline and the major resistance area around $1.24 to $1.28, where the moving averages also converge. A successful reclaim of this region would be the first meaningful sign that momentum is shifting in favor of the bulls.

On the downside, losing the $1.02 to $1.04 support would expose the broader demand zone around $0.89 and extend the prevailing bearish trend.

XRP/USDT 4-Hour Chart

The 4-hour timeframe highlights the recent breakdown below the yellow ascending trendline, confirming that buyers have lost short-term control after failing to defend the series of higher lows. That breakdown led to a sharp decline into the $1.02 to $1.04 demand zone, where buying interest quickly emerged.

The current rebound has pushed XRP back toward the $1.08 to $1.09 resistance area, which previously acted as support before the breakdown. This makes the current rally an important retest of former support turned resistance. As long as the price remains below this zone, the recent bounce could simply represent a corrective recovery within the broader downtrend.

A rejection from the current resistance would increase the probability of another move toward the $1.02 to $1.04 demand zone. Conversely, a decisive reclaim of the $1.08 to $1.09 region would improve the short-term outlook and open the door for a recovery toward the larger supply zone around $1.16 to $1.18.

Source: CryptoPotato