XRP Set for Key Test as Bulls Attempt Recovery

XRP is showing renewed strength following recent market headwinds, as momentum shifts slightly in favor of bullish sentiment. After facing consistent downward pressure, XRP appears ready to challenge crucial support and resistance levels that could define its short-term trajectory.

According to data sourced from CoinMarketCap, XRP’s value has increased by 2.43% within the past 24 hours. This gain highlights a potential resurgence in market confidence, although technical indicators suggest the rally may still face resistance in the coming sessions.

On the hourly chart from TradingView, XRP remains nearer to its local support zone than to its resistance. This could create a precarious situation for buyers, especially if bullish momentum fails to sustain itself. Short-term traders are closely monitoring whether this rally holds, or if a breakdown is more likely.

Market analysts caution that unless buyers establish control by the end of the trading day, XRP faces the risk of slipping further. A lack of bullish support may result in the asset testing the notable $2.12 level. A confirmed breakdown from this point could open the door for further decline.

Looking at the daily timeframe, the sentiment remains predominantly bearish. If the daily candlestick closes near the current market value or slightly lower, it could signal an impending breakdown. In that event, analysts forecast XRP revisiting the $2.10 support area, aiming to establish whether buyers will step in to defend this key level.

From a mid-range perspective, there is still no dominant force—neither bulls nor bears have seized lasting control. When a clear trend has yet to form, investors are advised to monitor major zones closely, particularly around the vital $2 mark. A close below this threshold would likely indicate a continuation of the current downtrend, possibly dragging XRP toward its next support level at approximately $1.7711.

At the time of reporting, XRP is trading at $2.1263, maintaining a narrow band of volatility that reflects broader market uncertainty. With neither side dominating, XRP remains at a crucial inflection point. The coming days will be instrumental in determining whether the token can reclaim bullish ground or if it succumbs to further downside pressure.

Related: Expert Advice: Sell XRP If You’re Confused

For investors and traders watching XRP, maintaining vigilance around support boundaries and taking cues from macroeconomic indicators is essential. As the digital asset space continues to evolve rapidly, real-time analysis and cautious strategy planning remain key for navigating short-term volatility.