Ripple’s XRP token is showing signs of stabilization after a sharp decline from higher levels, but recovery remains limited by a series of resistance zones that continue to attract sellers. While buyers have defended recent lows, a clear structural breakout is still needed before a stronger upside move can be considered.
On the daily timeframe, XRP continues to trade inside a broader descending channel that has shaped price action for months. The recent rebound from the $1.02 to $1.04 demand zone has helped the asset recover.
The main challenge for buyers remains the $1.17 to $1.2 supply zone near the upper boundary of the descending channel. A successful breakout above this region could open the path toward the next resistance area around $1.28.
As long as XRP remains below this level, the current recovery may still represent a corrective move within the broader downtrend. A rejection from the current resistance area could send the price back toward the $1.05 to $1.07 support region.
A deeper decline would bring the $1.02 to $1.04 buyers’ base back into focus. The 4-hour chart highlights the ongoing struggle between buyers attempting to build a base and sellers defending overhead supply.
XRP recently pushed toward the $1.16 to $1.18 resistance zone but failed to secure a breakout. The $1.16 – $1.18 supply range remains an important barrier.
Price action still shows difficulty reclaiming the area above it. Until the asset breaks above this price region and confirms strength above it, upside attempts may continue to face selling pressure.
On the downside, the ascending wedge’s lower trendline remains the key support area. Holding above this zone would preserve the possibility of another recovery attempt.
A breakdown below it would weaken the current setup and increase the risk of further downside.
