XRP bounced over 100% since Friday – Where it could find resistance
Friday was a wild one for XRP. After President Trump’s threats on Truth Social to potentially increase tariffs on China, the cryptocurrency sold off hard—dropping roughly 55% from the previous day’s close. Over the weekend, the move flipped on its head. By the time I’m writing this, XRP has rallied more than 106% off Friday’s lows. It’s the kind of whiplash that reminds me why I always anchor my decisions to the technicals and a disciplined process.
For readers newer to XRP, here’s quick context. XRP is one of the more widely watched crypto assets, traded across major venues and followed by an active community. Like other large-cap coins, it can react sharply to macro headlines and liquidity shifts, and its near-term path often comes down to how buyers and sellers behave around well-defined technical levels. That’s the lens I use here.
On the chart, I’m focused on a key downsloping trendline that may serve as resistance if this push continues. Draw a line connecting the swing highs from August 8th through the highs of August 14th and October 2nd—those touchpoints create a clear supply zone overhead. If XRP retraces into that trendline in the ~$2.90 area, I’m anticipating a pullback. That doesn’t change my approach: I’ll let the technicals guide me and manage risk first. As always, proper position sizing, predefined stop levels, and the discipline to follow the plan are non-negotiable when trading crypto.
Author
Lawton Ho
Verified Investing
A marketing expert sharing his journey to mastering the charts.
