XRP remains in a constructive short-term structure after rebounding sharply from its recent correction, according to recent price analysis. The asset is now approaching a major overhead supply region near $1.60–$1.70 that has repeatedly capped upside momentum. On the daily chart, XRP continues to trade above moving averages following August’s breakout, finding support around $1.25–$1.32 before another impulsive recovery. The four-hour timeframe shows a sequence of higher lows from September’s low near $1.25, supported by an ascending trendline now around $1.51–$1.53. A decisive daily close above the $1.60–$1.70 resistance zone would represent a significant bullish development, while losing the $1.25–$1.32 support would weaken the structure.
XRP is currently consolidating near $1.54 after multiple failed attempts to break through the $1.60–$1.65 supply zone on the daily chart. The price found strong support around the $1.25–$1.32 demand zone, which coincides with the higher moving average, before launching an impulsive recovery. That rebound has carried the asset back toward the major $1.60–$1.70 supply zone, where sellers remain active.
On the four-hour chart, an ascending trendline has supported the recovery from the September low around $1.25. The price recently rallied toward $1.60 but was rejected, pulling back into this rising support near $1.51–$1.53. The latest candles indicate an attempt to bounce from the trendline, recovering toward $1.54.
The immediate challenge is reclaiming the recent $1.60–$1.62 highs. A breakout above this area would put the upper portion of the $1.60–$1.70 resistance zone back in focus. Conversely, a confirmed breakdown below the ascending trendline would weaken the short-term setup, exposing the $1.42–$1.45 demand zone as the next support. A failure there could lead to the larger $1.22–$1.28 zone where the recovery began.
