The last recovery attempt in XRP lost momentum as critical resistance levels could not be overcome. The asset rose from local lows around $1.05 and reclaimed the $1.20 region, but the resistance cluster that has limited the rise since May could not be overcome again.
$1.22 level is monitored in the short term
According to the chart view, XRP was rejected near the 20-day exponential moving average. The news states that transactions are concentrated at approximately $1.18, while the current price is around $1.22. In the short term, this region stands out as the first important threshold for buyers.
The more striking point is that the $1.30 to $1.35 range has now become a strong resistance zone. The upward break of this band, which previously served as support, is considered important for the technical outlook.
Although XRP regained the $1.20 region after local bottoms around $1.05, it could not overcome the resistance area that has limited every rise since May.
Selling pressure increases in resistance zones
According to the analysis, this retreat is not considered unexpected for the market. Many investors who held bearish positions after falling below $1.30 earlier in the month may be considering the bullish attempts as an exit opportunity. This creates a regular selling pressure as XRP approaches resistance zones.
However, the outlook is not entirely negative. After the last sharp selling wave, XRP maintained the psychologically important $1.00 level and formed a higher bottom. An increase in volume during the recovery also indicates that buyer interest continues in the market.
Indicators recovered, but the turn signal did not become clear
It is also stated that there is a gradual improvement in momentum indicators. The RSI indicator moved out of the oversold zone and approached the neutral zone. Although this chart indicates that the sales-induced panic phase has weakened, it is considered that the current momentum is not yet sufficient to confirm the trend transformation.
Mini dictionary: EMA, or exponential moving average, is a technical analysis indicator that gives more weight to recent prices. RSI, on the other hand, is used to monitor overbought or oversold conditions by measuring the speed and strength of price movement.
Maintaining the $1.00 zone and increasing volume during the recovery indicates that buyers have not completely withdrawn from the market, but the current momentum does not yet confirm that the trend has reversed.
$1.50 above, $1.10 and $1.00 below.
It is stated that the level to be watched most closely in the coming period is $ 1.22. If XRP can persist above this zone, and especially above the 20-day EMA, the resistance band between $1.30 and $1.35 could be retested. If this area is pulled back, the medium-term outlook may strengthen significantly and a new movement area may open towards $1.50.
On the other hand, if the current recovery cannot be maintained, it is likely that the price will first return to the support around $ 1.10 and then return to the $ 1.00 region. Although the market has stabilized in the short term, the overall structure continues with lower highs and lower lows.
Therefore, XRP seems stuck between horizontal balancing and recovery at this stage. Although buyers show that they can defend the $ 1.00 region, each attempt to rise before the key resistance levels are overcome may face a new sell-off.
