XRP is currently trading around $1.40, following an extended decline from its all-time high of $3.65. The latest price movement highlights continued selling pressure but also attracts attention from market commentators monitoring potential signs of recovery.
Technical overview
On the weekly chart for Binance, XRP’s price shows a significant pullback from prior peak levels. The recent consolidation is visible near a key support zone, which analysts identify between approximately $0.80 and $1. This area represents structural support that has absorbed selling in previous phases.
Crypto analyst Xaif (@Xaif_Crypto) has noted that XRP appears to be “attempting to build a base around $1.40.” He emphasizes that this zone could play a pivotal role for future price action, especially as traders watch for signs of renewed momentum.
XRP is attempting to build a base around $1.40 after a sharp correction, according to Xaif. If buyers regain control, the next significant resistance areas are in the $2.00–$3.00 range.
Technically, XRP now hovers above its orange moving average on the weekly time frame. This is often considered a constructive sign during consolidation, as maintaining price action above such an average can provide a platform for recovery moves.
Key chart signals
Indicators such as the Weekly Momentum Pyramid System and LuxAlgo’s Order Block Detector currently show XRP at Stage 0 near its present value. This stage signals the potential early phase of a new momentum cycle.
Above the current level, the chart’s red resistance band stretches from about $2 to $3.60. This region includes the $2-$3 range that has previously proven a challenge for XRP bulls. According to Xaif, a move through these resistance levels could indicate a major shift in sentiment, provided the $1.40 base remains intact.
Xaif is a cryptocurrency analyst known for technical chart analysis and trend monitoring among digital assets.
Mini dictionary: LuxAlgo’s Order Block Detector – A technical analysis tool designed to identify key order block zones in price charts, helping traders spot areas of likely price reversals or high liquidity.
| Price Area | Significance |
|---|---|
| $0.80–$1 | Key historical support zone |
| $1.40 | Current base-building area |
| $2–$3.60 | Major resistance zone |
| $3.65 | All-time high |
Correction and recovery prospects
XRP’s recent correction wiped out a considerable portion of the gains it made after climbing from multi-year lows to over $3. The move lasted several months, and the token now closes weekly candles around $1.40, reflecting the sustained downtrend.
Despite the pullback, XRP’s price still remains well above the important green support band. During past cycles, this area consistently attracted renewed buying interest, as visible in earlier chart history.
Xaif suggests that XRP’s recovery potential hinges on two conditions: holding the $1.40 base and breaking through resistance at $2–$3. Chart patterns indicate possible repeated tests of this resistance region rather than an immediate breakout.
The chart’s wave patterns within the resistance area suggest price could oscillate multiple times before any decisive movement above $3. The performance of XRP in the coming weeks will likely determine whether the current base can support another recovery move, or if price action weakens further toward lower support levels.
