XRP has rebounded sharply on its weekly chart, drawing renewed focus from traders following a climb from the lower end of its recent price range. The latest weekly candle shows that XRP recorded a low near $0.99, surged to a high of $1.70, and closed around $1.51, reflecting heightened volatility and optimism among investors.
The weekly resistance zone takes center stage
Crypto analyst JD, known for his technical analysis in the sector, has pinpointed a critical blue resistance zone between $1.85 and $1.95 on his weekly chart. According to JD, this area marks the previous lower-high region. Despite XRP’s strong recovery, it remains below this pivotal level. JD stated that a weekly close above this resistance would signify a structural shift for the asset and could invalidate the bearish divergence that has dominated in recent months.
A weekly close above the prior lower high would negate historic bearish divergence and create the first higher high since XRP’s all-time highs, according to JD.
The weekly chart also displays a descending yellow trendline tracing XRP’s decline since its all-time high of $3.65. After regaining ground above the lower portion of the trendline, XRP’s move has garnered further attention among technical observers.
JD has emphasized that only the weekly closing price within or above the resistance band can serve as confirmation for a new bullish phase, not just an intraperiod price move.
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AAPLMini dictionary: Lower high (LH), higher high (HH) – terms used in technical analysis identifying swing points in price action; a lower high signals a possible continuation of downtrend, while a higher high suggests bullish reversal and trend change.
Key higher-low and Fibonacci levels
JD also draws attention to the higher-low formation on the weekly chart as an essential component of the current setup. The chart identifies a recent local low at about $0.98, with added significance at the 0.786 Fibonacci retracement level, calculated to be around $1.0133. Preserving this higher-low structure is considered essential for XRP to maintain momentum toward the resistance zone. Should this support hold, JD sees continued potential for price appreciation.
If XRP breaks below the higher-low region or undercuts the recent low, JD has warned that one more decline may be in store before any substantial bullish movement can materialize.
| Key Level | Value | Implication |
|---|---|---|
| Resistance (Lower High) | $1.85 – $1.95 | Weekly close above signals bullish shift |
| Support (Higher Low) | $0.98 – $1.0133 | Loss could trigger another decline |
| All-time high | $3.65 | Major historical resistance |
XRP’s structural setup and next steps
The focus now turns to whether XRP can achieve a weekly close above the $1.85 to $1.95 resistance. Meeting this condition would mark the first higher high since its extended downturn began and potentially shift overall sentiment. Observers are watching closely as the asset navigates this crucial period.
Maintaining the recent higher-low support is seen as equally critical; if it fails, the technical outlook may weaken, setting the stage for a final drop before any sustained rebound. As a result, traders are eyeing $1.85 to $1.95 for a decisive breakout and $0.98 to $1.01 as primary support.
If XRP can close above the resistance and maintain its higher-low structure, it could signal a new phase in its ongoing price recovery.
