XRP surged 16% over a 24-hour period, climbing to approximately $1.15 after dropping to around $0.98 the previous week. The rebound pushed the asset above a primary descending trendline that had limited its price action since July 2025.
Technical Indicators Signal Shift
Market observers noted that the move marks a decisive break from a year-long downward trend. Technical analysis shared on social media highlighted that XRP closed a daily candle at $1.10, securing its first close above the daily 50 exponential moving average (EMA) in over three months. The 50 EMA had previously served as a technical barrier during the prolonged decline, and reclaiming it suggests a shift in short-term momentum toward buyers.
Additional analysts pointed to multi-year chart patterns, arguing that the recent price action reinforces broader bullish outlooks as the token attempts to reverse its multi-month losses.
Market Conditions and Key Levels
Despite the recent 24-hour gains, XRP remains down approximately 15.35% over the past 90 days. Analysts view the $1.10 to $1.15 region as a critical area for bulls to defend. Sustaining positions above the broken trendline and maintaining the 50 EMA reclaim are seen as necessary steps to confirm the end of the downtrend, while a failure to hold could result in a false breakout and a potential return toward the $1 level.
The broader market environment has also influenced the move, with Bitcoin trading above $72,500 to provide supportive conditions for the wider crypto market.
