XRP is currently consolidating around $1.49 following a sharp rebound from the $1.00 support zone, holding above its key moving averages as buyers test resistance beneath $1.60.
Key Takeaways:
- XRP traded near $1.49 after recovering from the $1.00 macro support level.
- Daily 100-day and 200-day moving averages have flattened and turned higher near $1.30.
- Near-term resistance spans $1.60 to $1.70, with higher targets at $1.80-$2.00 and $2.40.
- Immediate 4-hour chart support rests at $1.45, while broader demand sits between $1.20 and $1.30.
Daily Chart Shows Structural Improvement Above $1.30
The daily timeframe reveals a significant structural shift for XRP following its rebound from $1.00. The subsequent rally pushed price back above both the 100-day and 200-day moving averages, which are flattening and turning upward around $1.30. This upward slope represents a clear improvement compared to the prolonged downtrend that defined the asset through the first half of the year.
As long as XRP holds above the $1.30 support area—which aligns with the recent breakout zone—the broader recovery remains intact. On the upside, the primary obstacle remains the $1.60-$1.70 resistance region. A sustained break above this level would open the path toward $1.80-$2.00, preceding a more critical supply zone at $2.40. Meanwhile, the daily Relative Strength Index (RSI) has cooled from overbought territory back to the middle of its range, reflecting normalized momentum for the asset, which previously saw institutional developments like the Evernorth Nasdaq XRP treasury approval boost market sentiment.
Short-Term Resistance and 4-Hour Trendline
On shorter timeframes, the 4-hour chart highlights a more cautious landscape. After rallying toward the $1.60-$1.70 zone in late September, XRP created a series of lower highs beneath a descending trendline. The asset is currently sitting near $1.49, leaving this trendline as the primary barrier for short-term buyers.
Immediate support on the 4-hour chart is established at $1.45, represented by a prominent horizontal green zone. XRP has repeatedly consolidated around $1.45, making it a vital pivot point. Losing $1.45 could trigger a retest of the broader demand pocket between $1.20 and $1.30. Conversely, clearing the descending trendline and reclaiming $1.60-$1.70 would signal a resumption of the macro recovery, aligning with bullish long-term projections like ChatGPT's Q4 XRP price targets.
Why It Matters
This price squeeze between the $1.45 support and $1.70 resistance marks a critical juncture for XRP market structure. Reclaiming moving averages around $1.30 shows that long-term buyers are absorbing sell pressure, but sustained upward continuation requires breaking institutional sell walls above $1.60. Traders should closely monitor volume spikes at the descending trendline, as a breakout could catalyze a rapid move toward the $2.00 psychological barrier.
