XRP is showing signs of a potential comeback after stabilizing above the $1.02-$1.06 support zone, with buyers stepping in to defend the area and triggering a short-term market structure shift. While the broader trend remains bearish, the recent price action suggests weakening selling pressure and a possible larger recovery attempt if key resistance levels are reclaimed.
Daily Chart: Support Holds, Resistance Ahead
On the daily timeframe, XRP continues to trade within a descending channel and below both the 100-day and 200-day moving averages, which are sloping downward and reinforcing the long-term bearish structure. However, the recent drop toward the $1.02-$1.06 support zone attracted significant demand. This region aligns with a liquidity sweep below the April lows, where the market briefly dipped beneath support before quickly recovering.
Since that sweep, XRP has formed a higher low and is building a base above the demand area. The price has bounced and is now attempting to reclaim the horizontal resistance zone around $1.22-$1.28. This level is crucial because it coincides with the descending 100-day moving average and the upper boundary of the broader bearish channel. A successful breakout above $1.22-$1.28 would strengthen the recovery case and potentially open the path toward the major supply area near $1.55. Until then, the trend remains corrective within a larger downtrend.
4-Hour Chart: Bullish Structure Emerging
The 4-hour chart offers a more constructive outlook. After the liquidity sweep below the $1.02-$1.06 support, XRP formed a market structure shift (MSS), the first indication that sellers were losing control of the short-term trend. The subsequent rally produced a change of character (ChoCh) as the price broke above a previous lower high and challenged the descending trendline that has capped rallies since mid-June.
Although XRP faced rejection near the trendline resistance around $1.16-$1.18, the pullback has been relatively shallow, and buyers continue to defend the former breakout zone. Importantly, the market has not revisited the lows, suggesting demand remains active beneath current prices. As long as XRP holds above the $1.03-$1.06 support area, the bullish structure established after the liquidity sweep stays intact.
The key level to watch now is the descending trendline and the $1.15-$1.18 resistance area. A decisive breakout above this region would confirm a higher-high formation and could accelerate momentum toward the larger daily resistance zone between $1.22 and $1.28. Conversely, failure to break the trendline could lead to additional consolidation between support and resistance before a larger directional move develops.
Overall, the recent price action favors a gradual recovery, but XRP still needs to reclaim the trendline resistance and the $1.22-$1.28 supply zone before a broader bullish reversal can be confirmed.