What to Expect for XRP as a Major Macro Week Approaches

Ripple Price Prediction: What to Expect for XRP as a Major Macro Week Approaches

XRP is trading around $1.42 after a sharp recovery from the August lows near $1.00. The rebound has shifted the short-term structure back to the upside, but much like other major crypto pairs, Ripple’s price is also trapped below a major resistance area, making the next breakout or rejection particularly important.

XRP Price Analysis: The USDT Pair

The daily chart shows a significant bullish impulse from the $1.00 area, followed by a consolidation above the former resistance around $1.30. XRP has reclaimed the $1.30 zone, which now represents an important support area.

Above the current price, the main obstacle is the $1.5 resistance zone. XRP has repeatedly struggled around this region, and a decisive daily close above this zone would strengthen the bullish structure and potentially expose the recent swing high near $1.70 and even the critical $1.90-$2.00 zone.

Momentum has also improved. The daily RSI is around 54, indicating that buyers have regained an advantage without the market being in overbought territory. This leaves room for another upside attempt, although the RSI alone does not confirm a breakout.

Still, with the market consolidating above both the 100-day and 200-day moving averages, investors are awaiting a potential bullish crossover between the two for additional confirmation that the bear market bottom is already in.

The 4-Hour Chart

The 4-hour chart provides a clearer picture of the current consolidation. After the explosive move higher, XRP initially spiked toward $1.70 before retracing sharply. Since then, the price has been consolidating around the $1.30-$1.40 region and is now pressing back toward $1.50.

The immediate resistance is the same daily $1.50 zone, which has acted as a supply area multiple times. On the downside, the $1.34 level is the first important support, corresponding closely with the 0.5 Fibonacci retracement. Below it, the $1.25 area combines the 0.618 Fibonacci level with the bullish order block and would be the key area for buyers to defend.

The recent price action suggests that XRP is building pressure beneath resistance rather than immediately reversing lower. The overall market structure leans moderately bullish. However, repeated rejection from $1.50 without a breakout could produce a deeper pullback toward $1.25 or even lower in the coming weeks.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

About the author

Full-time on-chain Data Analyst and Python Programmer. Passionate about <a href="https://xpertsstudio.com/bitcoin-holds-79000-defying-fed-hike-fears-what-is-going-on/” title=”Bitcoin Holds $79,000, Defying Fed Hike Fears: What Is Going On?”>Bitcoin and DataVisualization.

Source: cryptopotato.com