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Ripple Price Analysis: What’s Next for XRP After 20% Pullback?
XRP has recently experienced a significant pullback of around 20%, which can be attributed to the failure to sustain its breakout above the $3.5 resistance zone. This rejection has led to a corrective phase, with the price consolidating between major support and resistance levels that will ultimately decide whether the asset resumes its bullish trajectory or faces deeper downside pressure.
The Daily Chart
On the daily timeframe, Ripple’s token failed to maintain its upward momentum above the $3.5 resistance region, resulting in a sharp rejection and pullback. The asset is currently testing the $2.8–$2.9 support area, which overlaps with the mid-range of the ascending channel and the 100-day moving average, providing additional strength to this demand zone. If buyers successfully defend this support level, XRP could rebound toward $3.2 and eventually retest the $3.5 resistance, keeping the broader bullish structure intact. On the other hand, if sellers manage to break below $2.8, the next critical support would be at $2.2–$2.4, a zone that previously served as strong accumulation area and aligns with the ascending wedge’s lower boundary.
The 4-Hour Chart
On the 4-hour chart, Ripple’s native coin has formed a descending triangle pattern, with lower highs converging toward a relatively flat base at $2.8–$2.9. This setup reflects gradually intensifying selling pressure. A breakdown from this structure would likely confirm a bearish continuation, exposing liquidity zones at $2.7 and $2.2. Conversely, if the bulls manage to defend the $2.8 base and break above the descending trendline near $3.2, the bearish scenario would be invalidated. Such a move could reestablish short-term bullish momentum, targeting the $3.5 resistance once again.
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Tags: Ripple (XRP) Price
Source: cryptopotato.com
