$XRP is trading at $1.46, up 5.5% over the past 24 hours and 19% over the past week, as the token pulls back after being rejected near resistance at $1.66. Technical analysis shows the pullback may still have room to run before the broader uptrend resumes.
A Needed Pullback After a Sharp Rally
Chart analysis pointed to $XRP entering a corrective phase following a rally that pushed price into resistance at $1.66 before reversing lower. Analysts say that after moves of this size, $XRP corrections have historically taken some time to play out rather than resolving quickly.
Support Levels to Watch
The broader support zone under close watch sits between $1.10 and $1.38. Within that range, more specific levels are being tracked:
- $1.38 as the first support level
- $1.29 and $1.21 as intermediate levels
- $1.10 as the lower boundary of the support zone
Holding this zone is seen as important for keeping any near-term bullish scenario intact. A break below $1.10 would open the door to a deeper decline toward a larger support area further down.
How the Pullback Could Unfold
The pullback is expected to unfold in three separate legs: an initial decline, a bounce, and then a final leg down, rather than moving in a straight line. A weaker resistance zone between $1.51 and $1.65 was flagged for the bounce phase, though analysts say this kind of counter-trend bounce often doesn’t respect technical resistance levels as cleanly as a primary trend move would.
What Would Confirm the Uptrend Resuming
If $XRP finds support in the broader $1.10 to $1.38 zone and reacts positively, the next resistance levels to watch on a recovery would be $1.66, followed by $1.93 and $2.25. A larger, longer-term support zone between roughly $0.985 and $0.486 remains relevant on a bigger-picture basis, though it would only come into play if the more immediate support levels fail to hold.