|

XRP price faces multiple headwinds cutting Ripple uptrend short to 10%

  • XRP price recently bounced off the daily demand zone, extending from $0.694 to $0.753.
  • The resulting uptrend failed to continue, returning to the immediate support level to restart another uptrend.
  • A breakdown of the $0.694 support level will invalidate the bullish thesis for Ripple.

XRP price has hovered around a crucial high time frame support level for months. The recent retest of this barrier should have restarted an impressive run-up but Ripple faces multiple hurdles, resulting in a truncated uptrend.

XRP price dreams of a swift move

XRP price bounced off the $0.694 to $0.753 daily demand zone, leading to a 15% upswing. However, this rally reversed even before it retested the resistance barrier at $0.817. The downswing took the remittance token back to the pavilion, retesting the aforementioned demand zone.

If XRP price manages to kick-start another uptrend, there is a high chance it will be capped at 10% due to the 50-day Simple Moving Average (SMA) at $0.851. Cleaning this hurdle will open the path for a 12% upswing, bringing Ripple to revisit the 200-day SMA at $0.953.

This run-up will constitute a 22% climb and has a less probability of occurring as compared to the 10% rally to the 50-day SMA.

Any move beyond the 200-day SMA seems unlikely due to the presence of the 100-day SMA at $0.984.

XRP/USDT 4-hour chart

XRP/USDT 1-day chart

On the other hand, the daily demand zone, extending from $0.698 to $0.753 has been tested multiple times over the past five months. Hence, the chances of a breakdown of this barrier are more.

If XRP price produces a daily candlestick close below $0.698, it will create a lower low, invalidating the bullish thesis. This development could open the path for Ripple bears to knock the altcoin down to $0.604 after a 13% crash.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

World Liberty Financial recovers as community votes to unlock treasury funds for USD1 adoption

World Liberty Financial recovers over 3% on Friday, holding ground at a key support trendline. Community begins voting to unlock roughly 5% WLFI treasury funds to incentivize USD1 stablecoin adoption.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.