XRP continues to hover near the $1.33 mark, unable to break through the critical $1.65 resistance in recent weeks. This has limited the cryptocurrency’s attempts at a short-term rebound, leaving investors focused on whether strong upward momentum can materialize. On the downside, the $1.10 and $0.87 levels are now seen as key support points to watch closely.
The $1.65 resistance curbs buying momentum
On the Bitstamp exchange, XRP has struggled to surpass the $1.65 resistance zone for over three months. Every advance toward this level has met with heavy selling pressure, keeping a lid on price recoveries. Many investors believe that reclaiming $1.65 could open the door to a faster rebound, but recent technical signals show that buyers have not yet established lasting control.
Repeated attempts to breach the $1.65 resistance over the past four months have all been unsuccessful. As this period lengthens, the risk increases that the price could face another sharp downward correction.
The daily chart reflects weak price action and proximity to major support zones, indicating a cautious market mood. Following a drop from the $3.00–$3.50 range down to current levels, investors remain alert to the potential for further volatility.
Focus remains on lower support areas
The nearest support is found in the $1.30–$1.35 band. While XRP has managed to hold above this range, recent tests showed intensifying selling pressure. A daily close below $1.30 would shift focus to the $1.15–$1.20 region for the next support. On Coinbase, traders are watching $1.10 and $0.87 as crucial lines of defense.
Market analysts warn that losing these major support zones could result in a deeper decline for XRP. Still, these levels may also be viewed as opportunities for investors hunting for favorable entry points.
Glossary: The Fibonacci Fan is a technical analysis tool that projects diagonal support and resistance lines from major highs or lows, helping traders anticipate potential market reversal points.
| Level | Support (USD) | Resistance (USD) |
|---|---|---|
| Short Term | 1.10 / 1.30 | 1.45 / 1.50 |
| Medium-Long Term | 0.87 | 1.65 |
Buyers remain cautious as indicators weaken
Technical signals show buyers are not yet asserting themselves in the $XRP market. On the daily chart, the MACD remains below its signal line and the histogram is in negative territory, reflecting weak momentum and a tilt in favor of sellers.
The Relative Strength Index (RSI) sits around 39, well below the neutral threshold of 50. However, since RSI has not entered oversold territory, it suggests that sellers have not completely dominated the market.
In the short term, stronger trading volume and renewed buying interest could enable the price to climb above the $1.45–$1.50 range. However, analysts agree that breaking past the $1.65 resistance is pivotal for a robust recovery. Otherwise, XRP remains at risk of slipping back toward its lower support levels if buying interest fails to materialize.
