XRP is trading inside a long-term descending channel, stuck below both its 100-day and 200-day moving averages. The digital asset has found buyers near the $1.02 to $1.04 demand zone, sparking a modest rebound. But the path higher is blocked by a cluster of resistance levels that could determine whether the recovery fizzles or gains traction.
Support zone holds for now
The $1.02 to $1.04 area has repeatedly drawn bids, halting the slide for now. If that floor gives way, the next stop would be the $0.89 demand zone — a level that could extend the bearish trend. So far, buyers have defended the zone, but the broader structure remains fragile.
Resistance cluster ahead
Major resistance sits between $1.24 and $1.28, where the moving averages converge. That’s a long way from current prices. More immediately, the rebound is running into trouble at $1.08 to $1.09 — a level that used to be support. A decisive reclaim of that range could open the door to a recovery toward the $1.16 to $1.18 supply zone. But a rejection there would raise the odds of another test of the $1.02 to $1.04 demand zone.
Short-term trend shift
On the 4-hour chart, XRP broke below an ascending trendline, signaling that buyers lost short-term control. The current bounce is a direct test of that broken line. Whether the price can flip $1.08 to $1.09 back into support will tell traders if the selling pressure is easing or just pausing.
The next few sessions will show whether the $1.02 to $1.04 support holds or cracks. If it does break, the $0.89 zone becomes the new line in the sand. For now, the channel rules — and XRP hasn't escaped it yet.
