The post XRP Price Struggles at a Key Resistance—Is a Breakdown Now More Likely? appeared first on Coinpedia Fintech News
XRP price is up 1.33% over the past 24 hours, trading near $1.44, largely tracking the broader market move and showing strong positive beta with Bitcoin. However, this upside remains reactive rather than structural, with price continuing to respect key resistance levels. Since the start of the month, XRP has largely moved sideways, failing to establish higher highs despite multiple attempts to break out.
This lack of follow-through highlights a market driven by external momentum rather than internal strength. Buyers are active, but not aggressive enough to reclaim supply zones, keeping the price capped below resistance. As a result, XRP remains in a range-bound structure with a bearish tilt, where rallies are being sold into rather than sustained.
Is XRP Price Losing the Momentum?
The daily chart highlights a clear range-bound structure, with XRP price trading between a well-defined resistance near $1.45 and support around $1.05. Price action has repeatedly tested the upper boundary but failed to sustain a breakout, reinforcing this zone as a strong supply area where sellers continue to dominate. The price continues to respect the descending trendline near the $1.48–$1.50 region, while the lower boundary is gradually rising from the $1.12 lows, creating a squeeze in price action.
From a structural standpoint, the XRP price is trading below the 0.236 Fibonacci level around $1.42, which is acting as immediate resistance. The inability to reclaim this level keeps the upside capped, while repeated rejections from the descending trendline reinforce seller dominance. Momentum indicators remain neutral to slightly weak, with RSI hovering near mid-levels and CMF showing limited inflows, indicating a lack of strong buying pressure.
This type of compression typically leads to expansion. However, given the prevailing trend and repeated resistance rejections, the probability currently leans toward a downside break. A loss of the rising support could accelerate the move toward the $1.12 region, while only a clean breakout above the descending resistance would invalidate the bearish bias and shift momentum in favor of the bulls.
Wrapping it Up—XRP at a Key Turning Point
XRP’s recent strength lacks conviction, with upside moves appearing reactive rather than driven by sustained demand. Until buyers show clear follow-through, the market remains vulnerable to another downside rotation. Hence, keeping the path below $1.20 active while a rise above $1.50 could push the price above $1.61.