XRP Approaches Key Support as Market Eyes Potential Rebound

The XRP price is drawing renewed attention as it moves toward a familiar support region that has historically triggered strong bullish reactions. This broad demand zone has repeatedly acted as a rebound point during previous market downturns, and traders are now watching closely as XRP compresses within this critical area.

At the time of writing, XRP trades around $2.03 after an intraday pullback that pushed the token toward the lower boundary of its regression channel. This channel has guided XRP through a controlled downtrend, and each interaction with the lower band has consistently sparked buying interest. With price still hovering near $1.9545, a mid-level point in the demand zone, traders are assessing whether this area can once again serve as a launchpad for recovery.

Buyers are now eyeing $2.23 as the first major resistance level, followed by the $2.53 zone, which aligns with a previous market breakdown earlier in the year. If bullish momentum strengthens, a broader move toward the psychological $3.00level remains possible. Technical indicators reinforce this potential: the MACD line stays above the signal line with growing distance, and the histogram continues to expand in positive territory — both signs that buyers maintain control despite recent volatility.

Market sentiment has also been boosted by Ripple’s newly expanded MPI licence in Singapore. This regulatory win enhances Ripple’s ability to scale compliant payment services across Asia, supporting institutional settlement and cross-border transactions. As Asia remains a leading region for digital asset adoption, Ripple’s strengthened regulatory footing adds confidence to XRP’s long-term utility narrative.

Meanwhile, on-chain data reveals increasing XRP outflows from exchanges, including a recent $22.21 million exit. Such outflows typically signal accumulation, reduce immediate selling pressure, and support price stability around key support levels.

Overall, XRP remains positioned near a historically reactive zone, with technical and fundamental factors aligning to keep the prospect of a reversal in focus.