- This level is strengthened as a structural support by repeated rebounds of XRP under $1.6963, which indicate defenses by buyers and controlled bearable pressure.
- The price has been pegged at an approximation of $1.88 resistance as a result of the equilibrium between demand and supply as the market anxiously anticipates a break out.
- The price has been pegged at an approximation of $1.88 resistance as a result of the equilibrium between demand and supply as the market anxiously anticipates a break out.
XRP has shown notable price action around critical support levels as the market tests a potential reversal setup. XRP is up 0.6 per cent in the past 24 hours and trades between a tight range of $1.85 and $1.88. The movement of the cryptocurrency is based on an extended downtrend channel, but in the recent patterns there is a focus on specified support zones. The price behavior highlights key technical levels that could shape near-term activity, including a long-standing support at $1.6963.
Support Holds at $1.6963 Amid Triple Bottom Formation
The latest price of XRP was $1.6963, and it represents the lowest point of the observed price range. It is worth noticing that the given level has served as support several times creating what seems to be a triple bottom pattern. Buyers absorbed selling pressure at these lows, which prevented further declines.
The repeated tests of support suggest that this area has strong market relevance. Consequently, price action stabilized just above $1.6963, creating a base from which the token can consolidate. This setup shows controlled positioning, with downside movement contained for now.
Subtle Pressure Builds as XRP Tests $1.88 Resistance Without Breakout
On the upside, XRP tested resistance at $1.88, where upward momentum paused. However, the token has not decisively broken above this level, leaving the range intact. Repeated touches highlight active supply in this zone. The gap between the current price and resistance is narrow, signaling tight compression. This structure maintains equilibrium between buying and selling pressure. Price remained capped below $1.88, reflecting balanced short-term dynamics.
XRP’s weekly setup aligns with the broader chart pattern suggesting a potential breakout. The token’s movement within the downtrend channel has maintained structural consistency. Cross-pair performance shows a measured approach, as XRP trades near $0.00002128 BTC. These levels reinforce the range-bound structure, emphasizing stability above support and near resistance. Traders can observe that the consolidation continues, with price action closely following defined technical zones as the market navigates potential short-term changes.
