XRP, the native token of Ripple, has been struggling to regain upward momentum after facing sustained selling pressure in recent weeks. Despite broader market volatility and regulatory uncertainties, investors are closely watching whether the token can stage a potential rebound. With on-chain metrics hinting at renewed accumulation and Ripple’s ecosystem expansion continuing, market participants are weighing the possibility of a trend reversal. The coming days could prove pivotal in determining XRP’s next major price direction.
XRP price has been hovering near $2.45 after dropping sharply from its weekly high of around $2.55, reflecting the broader market correction that hit major altcoins. The token lost crucial support at $2.71, turning it into a short-term resistance zone. Technical indicators show declining RSI and weakening momentum, while trading volumes remain subdued. However, on-chain data hints at whale accumulation near current levels, raising the question—could XRP be gearing up for a technical rebound soon?
The XRP/USDT daily chart shows the token consolidating near $2.45 after rebounding from the $2.40 support zone. The MACD remains in bearish territory but is showing early signs of convergence, hinting at a possible momentum shift. Meanwhile, the RSI hovers around 41, indicating XRP is approaching an oversold region. A break above $2.59 could signal a short-term recovery, while failure to hold above $2.40 may expose the price to a deeper correction toward $1.62 support.
In conclusion, XRP’s short-term outlook hinges on reclaiming the $2.60 resistance, which could open the door for a retest of $2.85–$3.00 levels if buying momentum strengthens. On-chain data shows increased whale accumulation near $2.40, suggesting smart money may be positioning for a rebound. However, sustained weakness below $2.40 could invalidate this bullish setup, dragging prices toward $1.80 or even $1.62. For now, XRP’s path forward depends on whether accumulation translates into a confirmed technical breakout.
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