XRP Nears Key Technical Zone as Buyers Prepare for Potential Rebound

XRP is approaching a crucial technical zone that historically increases the likelihood of a price rebound, as the asset continues to defend the $2.00–$2.10 support range. Despite months of controlled selling and a persistent downward channel, the market structure now signals weakening bearish momentum right as buyers typically attempt a counter-move. Each retest of the channel’s lower boundary has produced a reaction, showing that sellers are struggling to push the price further down.

One of the strongest bullish signals is the absence of new lows. Over recent weeks, XRP has repeatedly returned to the same support level without breaking below it. This pattern indicates that selling pressure is no longer intensifying and that supply is not rising at lower price zones — a common precursor to short-term reversals. Supporting this outlook, volume data shows decreasing selling spikes and a transition into a compression phase, where volatility contracts before a potential breakout.

Momentum indicators reinforce this setup. The RSI hovering in the low 40s suggests ongoing pressure without capitulation, creating room for upside movement without triggering overbought conditions. Historically, XRP often sees notable relief rallies from similar positions within long-term descending channels.

If buyers regain control, the first resistance zone lies between $2.16 and $2.20, aligning with the 20-day moving average. A stronger push could carry the price toward the 50-day MA at $2.28 — a level that has consistently acted as a rejection point. Should XRP break above this barrier, a move toward the mid-channel range at $2.40–$2.45 becomes increasingly likely, marking the first meaningful improvement in medium-term sentiment.

This developing structure positions XRP for a potentially significant bounce if current support continues to hold and market momentum shifts.