After falling as low as $1.05 during the recent market-wide correction, XRP has rebounded above the critical support zone around $1.13. Analysts stated that although the cautious outlook continues in the short term, the mismatch between price and momentum indicators may indicate a possible recovery.
Recovery in the support zone attracted attention
According to market analyst CryptoPulse, XRP has made a rapid recovery after a brief dip below a key support area. It was reported that this movement brought the price down to approximately $1.05, thus stop-loss orders worked and a significant part of the leveraged positions were closed. Then it was seen that the buyers came into play again.
CryptoPulse evaluated that the price dropped to $1.05 after testing below the $1.13 macro support, which brought about the hard selling clearing required before the recovery.
The main element that stood out in the analysis was that the RSI indicator formed a higher bottom compared to February, while the XRP price made a lower bottom. In technical analysis, this outlook is often considered as positive divergence, indicating that the downward momentum is weakening.
Mini glossary: RSI is a momentum indicator known as the Relative Strength Index. It measures the speed and strength of price movement; Positive divergence refers to the situation when the price makes a new bottom and the indicator does not confirm it.
Why is the $1.30 level being watched?
Analysts emphasize that the $1.30 level worked as a key support area before the recent correction, so it has now become a strong resistance. A retest of this area could be seen as decisive in understanding whether the current rally is just a short-term reaction or the beginning of a broader recovery.
| Level | Technical meaning |
|---|---|
| $1.05 | The bottom seen in the last correction may weaken the outlook for a permanent descent below. |
| $1.13 | Near-term main support zone |
| $1.30 | Major resistance to watch and possible retest level |
| $1.55 | The next barrier that may come into play if there is a daily close above $1.30 |
In the projection shared by CryptoPulse, it was stated that XRP may first try to establish a base above $1.13, and then if it exceeds the $1.20 region, it may head towards the $1.30 resistance. A daily close above $1.30 may make the bullish scenario stronger.
According to analysts, regaining the $1.30 level could mean that previous resistance turns into support again, in which case the next important technical threshold could be $1.55.
Indicators did not fully confirm
However, the broader technical picture still produces mixed signals. According to TradingView data, XRP is trading at around $1.13, while the overall technical summary gave a neutral outlook. The indicators included 14 sell, 10 neutral and 2 buy signals.
RSI 14 value is at 35.10. Although this outlook approaches the oversold zone, it does not constitute a definitive return signal on its own. The stochastic oscillator was measured at 23.20, while the Williams percent R was measured at minus 73.99. While the Momentum 10 indicator generated a buy signal, the MACD value remained in the negative zone at minus 0.06656.
Moving averages remain pressured
One of the main challenges for XRP has been that the price continues to remain below key moving averages. The 10-day exponential moving average is around $1.16, while the 50-day exponential moving average is around $1.30. Longer term, the 100-day simple moving average is above $1.36 and the 200-day average is above $1.58.
Some analysts interpret the broader decline as a correction phase within a larger up cycle. In an evaluation based on Elliott Wave analysis, the $1.19 to $0.91 range was highlighted as an accumulation zone for XRP. However, it was noted that for this scenario to remain valid, the price must form a permanent reversal structure within or above this region.
