XRP has extended its price decline into a key demand zone between $1.24 and $1.32, surrendering previous gains after failing to hold above $1.40. The move leaves the asset testing critical historical support levels as sellers maintain control of the short-term trend.
Daily Chart Signals Key Demand Test
On the daily timeframe, XRP has descended into the $1.24–$1.32 range following consecutive bearish candles. This area previously supported a strong advance in September, but buyers have yet to demonstrate significant defense at these levels. A sustained reclaim of $1.32 would mark the first signal of returning buying interest, potentially opening a path toward the $1.38–$1.42 resistance zone.
Conversely, a breakdown below the lower boundary of $1.24 would invalidate the September accumulation base. Such weakness could trigger a deeper correction toward lower daily support levels between $1.11 and $1.17. Traders are closely monitoring these levels as XRP recently touched a monthly low.
4-Hour Channel and Resistance Barriers
The 4-hour chart reveals XRP continuing to move within a descending channel. Recent bounce attempts have repeatedly stalled below the channel's midpoint, pushing the price into a localized support range of $1.27–$1.31 near the lower boundary.
To break the persistent sequence of lower highs, buyers must push price above $1.31 and the descending midpoint near $1.32–$1.33. Further upside targets include swing highs around $1.34–$1.35, followed by the upper channel boundary between $1.39 and $1.40. Should bulls fail to hold $1.27, price risks dropping to test recent wick lows around $1.25 as market participants evaluate wider crypto market volatility.
Key Technical Takeaways
- Primary Support Zone: $1.24–$1.32 on the daily chart, with immediate 4-hour support at $1.27–$1.31.
- Crucial Resistance Reclaim: Bulls must secure $1.31–$1.33 to halt the downward sequence and aim for $1.38–$1.42.
- Downside Risk: A breakdown under $1.24 exposes secondary daily support at $1.11–$1.17.
Why It Matters
XRP's inability to maintain momentum above $1.40 underscores persistent market overhead despite brief relief rallies. The current test of the $1.24–$1.32 zone represents a decisive juncture: holding here could establish a structural base to rebuild bullish momentum, whereas a breakdown below $1.24 risks cascading selling pressure toward $1.11. Traders should watch volume confirmation around $1.31 for early signs of accumulation.
