Ripple Price Analysis: Is XRP Consolidation Almost Over as Range Tightens?

XRP is consolidating around $1.50 after a strong rebound from the $1.00 zone. The broader structure has improved significantly, but the latest price action suggests that buyers are struggling to break above the overhead resistance zone. The key question now is whether the asset can break the $1.70 resistance or if another pullback towards support develops.

Ripple Price Analysis: The USDT Pair

The daily chart shows a major structural recovery from the $1.00 support zone. XRP rose sharply in August and subsequently reclaimed the 100 and 200 day moving averages. The 100-day MA is now around $1.25, while the 200-day MA is around $1.28, with the 100-day average moving aggressively towards each other for a potential bullish crossover. This is a constructive development from a medium-term perspective.

The main resistance lies between $1.60 and $1.70. XRP has already tested this zone twice in recent weeks, with the last attempt in September failing to break out. A daily close above $1.70 would represent a significant structural improvement and could open the door to the next major resistance around $2. Above that, the next resistance zone is around $2.40, which coincides with a major high formed earlier this year.

On the other hand, the $1.25-1.30 zone has become particularly important. It contains the 100 and 200 day moving averages and coincides with a marked demand zone. As long as XRP remains above this support zone, the broader recovery structure remains intact. A deeper decline towards the $1.00 area would become more relevant if this support is lost for good, reversing all recent gains and putting the market under immense pressure once again.

The 4-hour chart

The 4-hour chart shows XRP trading in a tightening pattern below a descending trendline. The trendline is currently acting as dynamic resistance, with XRP repeatedly failing to establish a decisive move above it. At the same time, buyers continued to defend the green support zone around $1.45, creating a relatively well-defined consolidation range.

Immediate resistance lies around $1.70, followed by the important $2 supply zone. A break above the descending trendline and a subsequent move to $1.70 would strengthen the bullish case and could bring the $2 level into play.

Conversely, a loss of the $1.45 support zone would weaken the short-term structure. In this scenario, XRP could move back towards the $1.30 area, which is a clear demand zone that buyers should defend at all costs in the near term. Otherwise, a bearish reversal scenario would materialize, which could send XRP back towards the $1 zone, and potentially lower this time. Nonetheless, the current structure is best viewed as a consolidation, with a higher probability of a bullish breakout than a bearish reversal forming.