XRP price has begun a recovery wave, climbing back above $1.10 and $1.1250 after recent declines. On the hourly XRP/USD chart from Kraken, the cryptocurrency broke a bearish trend line that had been holding at $1.10, signaling a shift in momentum. Now the coin is consolidating those gains, and traders are watching whether it can clear a key resistance zone around $1.1730 to $1.1740.
Break of the bearish trend line
The hourly chart shows a clear breakout above the descending trend line that had capped upside moves near $1.10. That break came alongside a broader recovery that lifted XRP from recent lows. The move pushed the price past the $1.1250 level, which had acted as short-term resistance. After the breakout, the hourly MACD started gaining pace in bullish territory, while the hourly relative strength index (RSI) moved above the 50 mark — both technical indicators that suggest buying pressure is building.
But the recovery hasn't been a straight line. Since topping near $1.1720, XRP has pulled back slightly and is now trading in a narrow range. That kind of consolidation is typical after a sharp move, and it often sets up the next directional push.
What needs to happen for a fresh move
The immediate question is whether XRP can take out the $1.1730 zone. A clean break above that level — which is also just a tick below $1.1740 — could open the door to further upside. If it does, the next targets line up neatly: $1.2080, which corresponds to the 50% Fibonacci retracement of the recent drop from $1.3640 to $1.052, then $1.2150, $1.2200, $1.2450, and finally $1.2620.
On the downside, support levels are clustered fairly tightly. The first cushion sits at $1.1250, followed by $1.110, $1.080, $1.050, and the psychologically important $1.00 mark. If sellers manage to drive the price back below $1.10, that would invalidate the breakout and suggest the recovery had run its course.
Why this price range matters
The $1.10 to $1.17 band has been a battleground before. XRP spent time in this zone during previous trading sessions, and the way it handles these levels often dictates the short-term trend. The fact that the hourly RSI is above 50 and the MACD is bullish gives buyers a technical edge, but the consolidation phase means the next few hours could be decisive. A failure to clear $1.1730 might lead to another test of support, while a decisive push above could trigger a run at the higher Fibonacci level.
No major news catalysts have been reported alongside this move. The recovery appears driven by technical factors — traders reacting to the trend-line breakout and positioning for a potential breakout above the $1.17 resistance.
