XRP Analysis: Will Ripple Break Through Resistance?

XRP, Ripple’s native cryptocurrency, is currently navigating a turbulent phase in the market, reflecting investor uncertainty and heightened volatility. Despite recent pullbacks, XRP maintains crucial support zones that could dictate its price trajectory in the near future.

Technical Overview

By ShayanMarkets

Daily Timeframe Perspective

XRP recently faced a strong rejection around a critical resistance area, which initiated a correction of nearly 9%. This move was likely prompted by profit-taking efforts and increased sell-offs as it approached its previous highs. The asset has since entered a consolidation range between $4.2K and $4.8K, marking it as a critical battleground zone for buyers and sellers alike.

Should XRP manage to push above the $4.8K resistance, it could set the stage for a renewed rally toward the psychological $5,000 level. Until that breakout is confirmed, price movement will likely remain subdued within the established range, signaling market indecision and potential buildup for the next major move.

Four-Hour Timeframe

Zooming into the lower timeframe provides more clarity on XRP’s recent struggle. The asset had been forming higher highs and ascending support structures until it hit strong resistance, leading to a downward retracement. The primary support for now lies near $4.2K, which has so far prevented further downside pressure.

Technical indicators, such as a bearish divergence on the Relative Strength Index (RSI), confirm the temporary nature of this correction. As long as the $4.2K level holds, XRP may continue oscillating within the $4.2K–$4.8K channel, positioning for another bullish breakout attempt. However, any sustained breach below $4.2K might bring attention to the midline of the broader ascending trend channel as the next structural support.

Market Sentiment Insight

By ShayanMarkets

Volatility in XRP has spiked due to increased liquidity-driven fluctuations, influencing how leveraged positions are distributed across the board. The liquidation heatmap now shows clustering zones of leveraged assets, giving insights into potential price magnets in both upward and downward directions.

Last week, XRP spiked toward the $4.8K zone only to encounter aggressive resistance, leading to a retracement toward the $4.4K–$4.5K range. This area has become a key consolidation point, where market participants are likely positioning for the next breakout.

Current heatmap data highlights significant liquidation zones above $4.8K and below $4.2K. These levels suggest that Ripple’s token may continue trading within this band until a breakout occurs. If XRP breaches either end of this liquidity pocket, a strong move could follow, driven by cascading liquidations. Still, investors should be wary of potential fakeouts, as the asset may continue to probe both sides of the range until a dominant trend emerges.

Related: XRP Price: $12M Max Pain for Bears

The post Ethereum Price Analysis: Has ETH’s Bullish Momentum Disappeared? appeared first on CryptoPotato.