XRP is trading at $1.05, up 2.02% in the past 24 hours, with a market capitalisation of $65.97 billion and 24-hour trading volume of $1.61 billion. Where The Price Stands On the weekly chart,
XRP is trading at $1.05, up 2.02% in the past 24 hours, with a market capitalisation of $65.97 billion and 24-hour trading volume of $1.61 billion.
Where The Price Stands
On the weekly chart, the broader bear market structure for XRP remains technically intact. A full reversal has not yet been confirmed. However, the token is holding a key support zone between $0.90 and $1.00, and the most recent local low bounced from almost exactly $1.00, which is an encouraging sign for short-term stability.
On the upside, resistance sits around $1.13. That is the level XRP needs to clear convincingly before any recovery narrative can take hold.
The Bullish Divergence To Watch
On the daily chart, a bullish divergence is still technically in place, though it is getting close to invalidation. If XRP pulls back further and the Relative Strength Index breaks below its previous low from early June, the current divergence would be invalidated.
That said, the Relative Strength Index reached extremely oversold levels approximately a month ago, which makes it statistically likely that some form of bullish divergence confirms eventually, whether it is the current one or a new one that forms after another slight dip. The oversold conditions from that June low still provide a meaningful technical backdrop.
What To Expect In The Short Term
The base case for the next couple of weeks is relatively sideways price action with possibly a minor relief bounce. This is not a setup for significant bullish momentum or a trend reversal. It is a short-term pause in what has been an extended period of bearish pressure. Traders should not expect strength. The larger bear market structure is still in place and any bounce should be treated as relief rather than reversal until confirmed otherwise.
