XRP is trading at $1.17, up 3.08% over the past 24 hours, and for the first time in several weeks the weekly chart is offering something XRP holders have been waiting for: a potential floor.
The critical level was $1.13. For the past week, traders had been watching nervously to see whether XRP would close its weekly candle below that threshold, a development that analysts had flagged as the trigger for a much deeper move lower toward the $0.90 to $1.00 range. That close did not happen. XRP held above $1.13, and with the weekly candle now confirmed, that level is beginning to function as support rather than a line in danger of breaking.
What the Chart Is Saying
The longer-term picture remains technically bearish. No confirmed reversal signal has appeared on the weekly timeframe, and analysts tracking the broader structure are careful to point out that holding one support level does not end a bear trend. What it does do is buy time and reduce the immediate downside risk for the coming days and possibly weeks.
The most likely short-term scenario, based on how XRP has tracked Bitcoin and Ethereum throughout this cycle, is either a modest continuation of the current bounce or a period of choppy sideways price action as the market takes a brief pause from the selling pressure that has defined recent weeks. Neither outcome is a declaration that the bottom is in. Both are a meaningful step back from the edge.
The Levels That Still Matter
Patience remains the operative word for anyone watching XRP with a longer time horizon. The immediate support at $1.13 needs to hold cleanly on a weekly closing basis to maintain credibility. If the price eventually breaks below that level with conviction, the next meaningful support sits in the $0.90 to $1.00 range, and a break below $0.90 would open the door toward $0.70, a level carrying significant long-term historical significance as a major resistance zone that flipped to support.
For now, none of those scenarios are in play. XRP is above $1.13, the weekly candle held, and the short-term pressure has eased enough to allow for at least a temporary recovery in line with what Bitcoin does over the coming sessions.
It is a small but genuine improvement in a chart that has offered very little good news for several months.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
U.S. stocks rallied Monday, adding roughly $1 trillion in market value as investors responded to…
Zcash reached an all-time high in network hashrate, indicating a record level of computational power…
XRP has spent years frustrating its most devoted supporters. The token that once surged to…
FTX founder Sam Bankman-Fried has formally applied for a presidential pardon, with his petition now…
A major trader on Hyperliquid has reportedly earned about $700,000 by shorting $3.1 million worth…
Apple’s WWDC event is a key test of whether the company can deliver a superior…
