XRP is trying to reclaim the $1.4 mark after a sharp drop from $1.6 earlier this month, and traders are watching for signs that the recovery has legs. The cryptocurrency formed a higher low on its chart, a technical pattern that often points to a shift in momentum. With selling pressure fading and the relative strength index turning upward, the next few days could determine whether XRP breaks higher or stalls again.
Support and resistance levels to watch
On the downside, analysts point to $1.2 and $1.0 as key support levels. If XRP loses $1.4 again, those floors will be tested. On the upside, resistance sits at $1.4, then $1.6, and finally $2.0. The current push toward $1.4 matters because turning that price into support would signal a bullish reversal. For now, the coin is hovering just below that line.
Volume tells a story of exhausted selling
The sell-off that knocked XRP from $1.6 to $1.3 was aggressive — but it didn't last. Since then, sell volume has vanished, and buyers have started stepping back in. That shift is a core reason the price has been able to form a higher low. Without new sellers, even modest buying pressure can lift the price.
What the RSI is showing
The 4-hour relative strength index has bottomed out and is now printing higher highs and higher lows. Its moving average is also rallying. That technical setup suggests the momentum has turned in favor of buyers, at least for the short term. Traders often treat a rising RSI from oversold territory as a confirmation that a downtrend may be ending.
The pennant pattern and what comes next
A green close in the first few days of this week could set the stage for a breakout from a pennant formation. If that happens, the measured target sits around $1.6. That would mean XRP not only recovers the $1.4 level but also retests the zone where the recent sell-off began. Whether that breakout materializes depends on whether buying volume picks up alongside the price move.
