Key takeaways
- XRP continues to trade below the 50-day moving average, maintaining the short-term downtrend.
- Momentum indicators are improving, with the MACD turning more positive and the RSI rising to around 55.
- A break above $1.15 could fuel a recovery, while failure to do so could lead to another pullback.
Ripple’s native token, XRP, remained under pressure on Thursday, extending its corrective phase as it trades below the 50-day Exponential Moving Average (EMA).
Although the cryptocurrency has rebounded from its recent lows, buyers still face strong resistance that has limited the recovery.
The current technical setup indicates that although bullish momentum is gradually improving, XRP has yet to confirm a sustained trend reversal.
The 50-day moving average continues to rise
XRP is currently trading below the 50-day moving average at $1.1458, while remaining well below the 200-day moving average at $1.4425.
These moving averages continue to act as important resistance levels, preventing the symbol from building stronger upward momentum.
Recent price action suggests that buyers were successful in defending lower support areas, but rallies were repeatedly halted before key technical levels were reclaimed.
Despite the broader corrective trend, technical indicators suggest that buying pressure is slowly returning.
The Moving Average Convergence-Divergence (MACD) is still on an upward trajectory, with both the MACD line and the signal line advancing while the histogram continues to expand into positive territory. This indicates that the upward momentum is strengthening.
Meanwhile, the Relative Strength Index (RSI) has risen to nearly 55, putting it above the neutral 50 level. The reading indicates that buyers are gradually regaining control without entering the market into overbought conditions.
Together, these indicators point to improving market sentiment, although confirmation of a sustainable recovery will require a break above key resistance.
Key resistance levels
The first major hurdle for XRP is the 50-day moving average at $1.1458. Just above that is the 50% Fibonacci retracement level of the recent decline from $1.2935 to $1.0092, located near $1.1514.
A decisive move above this resistance area would improve the short-term outlook and could encourage further buying interest.
If XRP fails to rise, traders will likely keep an eye on several important support areas:
- 38.2% Fibonacci retracement: $1.1178
- Broken uptrend line: around $1.0937
- 23.6% Fibonacci retracement: $1.0763
- Recent swing low: $1.0092
Staying above these support levels would help maintain the current recovery structure, while a break below them could expose XRP to further decline.
XRP is still in a cautious recovery phase, supported by improving momentum indicators but constrained by significant technical resistance.
A successful break above the $1.1458-$1.1514 resistance area will provide the first meaningful signal that the bulls are regaining control. Until then, the token is likely to remain in a consolidation phase, as traders watch whether the support around $1.12 can withstand renewed selling pressure.
