XRP remains within a constructive short-term structure following a sharp rebound from its recent correction. The asset is now approaching a major overhead supply region around $1.60-$1.70 that has repeatedly limited upside momentum, with the next price action in this area considered particularly significant.
Daily Timeframe Analysis
On the daily chart, XRP continues to trade above both displayed moving averages following August's breakout. The asset found strong support around the $1.25-$1.32 demand zone, which also aligns with the higher moving average, before launching a recovery.
The price has since consolidated near $1.54 after multiple attempts toward $1.60-$1.65 encountered rejection, indicating active selling pressure in this region. However, the broader structure remains constructive as long as XRP maintains its recent pattern of higher lows.
A decisive daily close above the $1.60-$1.70 resistance zone would represent a significant bullish development. On the downside, the $1.25-$1.32 zone remains key daily support, with a break below this level potentially weakening the current structure and exposing deeper support near $0.93-$0.97.
Four-Hour Chart Assessment
The 4-hour timeframe shows a clearer sequence of higher lows developing from the September low around $1.25. An ascending trendline has supported the recovery and is converging with price around the $1.51-$1.53 region.
XRP recently rallied toward $1.60 before facing rejection and gradually pulling back into the rising support. Current price action shows an attempt to bounce from the trendline, with recovery toward $1.54. A breakout above the recent $1.60-$1.62 highs would put the upper portion of the $1.60-$1.70 resistance zone back in focus.
A confirmed breakdown below the ascending trendline would weaken the short-term setup. The $1.42-$1.45 demand zone would likely become the next important support, with a failure there potentially exposing the $1.22-$1.28 zone where the latest recovery began.
