Ripple’s XRP has staged a notable rebound after dipping to a low of $1.92, but the sustainability of this recovery is under scrutiny as trading volume remains subdued. The recent price action highlights a critical moment for XRP, with the $2.09 support zone emerging as the line in the sand for bullish momentum.
Market Recap: XRP’s Technical Landscape
After a multi-day correction, XRP found strong buying interest at the $1.92 level—a zone just below the value area low of its current trading range. This area had accumulated significant liquidity, making it a prime target for a classic liquidity sweep. The sharp bounce from this level suggests that buyers were poised to defend this support, pushing XRP back above several key technical markers.
Currently, XRP is trading above the point of control (POC) for its recent range, indicating that the majority of recent trading activity is now below the current price. This is generally a positive sign for bulls, as it suggests a shift in market sentiment. However, the $2.09 support level is now crucial: it has acted as a pivot in previous sessions and must hold to confirm a bullish continuation. A close below this threshold could invalidate the recovery and open the door to further downside, potentially retesting the $1.92 low 1 2.
Volume Concerns: Is the Rally Convincing?
Despite the technical bounce, overall trading volume remains weak. This lack of conviction raises questions about the strength of the current move. For XRP to sustain its upward trajectory, a surge in volume is needed to confirm genuine buying pressure. Until then, price action may remain range-bound, offering opportunities for both bulls and bears to trade within established levels rather than expecting a decisive breakout 1.
What’s Next for XRP?
• Key Support: The $2.09 level is the immediate support to watch. Holding above this zone is essential for maintaining the bullish structure.
• Downside Risk: A break below $2.09 could see XRP revisit the $1.92 support, with further downside possible if volume remains weak.
• Upside Potential: If $2.09 holds and volume increases, XRP could target resistance at $2.28, with further gains possible if broader market sentiment improves 1 2.
Broader Context and Outlook
XRP’s price action is unfolding against a backdrop of cautious optimism in the crypto market. While some analysts see potential for a breakout if XRP can close above $2.40, opening the path to $3.00 or even retesting its all-time highs, the immediate focus remains on defending current support levels 2. Longer-term forecasts for 2025 remain bullish, with some projections suggesting XRP could reach as high as $5.81 by year-end, provided regulatory clarity and market conditions improve 2.
For now, traders should monitor the $2.09 support closely and watch for signs of increasing volume as a signal of renewed bullish momentum.
