Ripple’s XRP has stabilized after a prolonged downtrend, with buyers defending the $1.02–$1.06 support zone and triggering a short-term market structure shift. The daily chart shows XRP still inside a descending channel below the 100-day and 200-day moving averages, maintaining a bearish structure. However, a liquidity sweep below the April lows near that support region attracted demand, and the price has since formed a higher low. On the 4-hour chart, a market structure shift (MSS) and change of character (ChoCh) indicate sellers are losing control of the short-term trend. The immediate resistance lies at $1.15–$1.18, with a decisive breakout needed to target the $1.22–$1.28 zone.
XRP’s price action has shown signs of stabilization after a prolonged downtrend, with buyers successfully defending a key support region. The daily chart shows XRP remains inside a broader descending channel and continues to trade below the 100-day and 200-day moving averages, which are both trending lower.
The recent decline toward the $1.02–$1.06 support zone appears to have attracted significant demand. This region aligns with a previous liquidity sweep below the April lows, where the market briefly traded beneath support before quickly recovering.
Since then, XRP has established a higher low and has begun building a base above this demand area. The price recently bounced from support and is now attempting to reclaim the horizontal resistance zone around $1.22–$1.28.
This area is particularly important because it also coincides with the descending 100-day moving average and the upper boundary of the broader bearish structure. A successful reclaim of the $1.22–$1.28 resistance zone would strengthen the recovery scenario and potentially open the path toward the major supply area near $1.55.
On the 4-hour chart, the outlook is more constructive following the sweep of liquidity below the $1.02–$1.06 support region. XRP formed a market structure shift (MSS), marking the first indication that sellers were losing control of the short-term trend.
The subsequent rally produced a change of character (ChoCh) as the price broke above a previous lower high and challenged the descending trendline that has capped rallies since mid-June. Although XRP initially faced rejection near trendline resistance around $1.16–$1.18, the pullback has remained relatively shallow.
Buyers continue defending the former breakout zone, and the market has not returned to the lows despite the rejection. As long as XRP holds above the $1.03–$1.06 support area, the bullish structure established after the liquidity sweep remains intact.
The key level to monitor is the descending trendline and the $1.15–$1.18 resistance area. A decisive breakout above this region would confirm a higher-high formation and could accelerate momentum toward the larger daily resistance zone between $1.22 and $1.28.
Conversely, failure to break the trendline could lead to additional consolidation between support and resistance before a larger directional move develops. Overall, the recent price action favors gradual recovery, but XRP still needs to reclaim the trendline resistance and the $1.22–$1.28 supply zone before a broader bullish reversal can be confirmed.
