- The XRP has rebounded at the $2.15 level after falling sharply but currently it is close to $2.20 with a stable supply.
- There is an immediate resistance to the price at $2.24 and that is the next hurdle before the price can advance to the middle point of $2.60.
- XRP performed a little better than Bitcoin and increased 1.7% in relation to BTC, which reinforced the short-term market structure.
The XRP rebounded on the lower limit of its multi-month channel but still retains a prominent technical level that gives a better picture of market behavior. Its share price rose by 1.4 percent in the last one week and the intraday action showed increased strength after falling drastically to the $2.15 support area . This bounce coincided with other past reactions of the same magnitude, and the price fell nearer to the next significant indicator.
The volatility was tightened by the recovery as well with the XRP trading between 24 hours of support that is at $2.15 and resistance that is at $2.24. This tightening structure was evident in the chart and it is a precursor to a directional movement. The central point of the channel around the $2.60 mark was also a significant point of reference and particularly when the recent rebound was formed.
Support Reaction Strengthens Short-Term Structure
The recent move established a clear reaction at support, and the market absorbed selling pressure near $2.15. This action created the first step toward a broader retracement inside the channel. The daily trend also depicted that XRP has been on the rise since its lowest in weeks and made the rebound more relevant.
Besides, XRP had slightly more than 0.00002506 BTC, which increased by 1.7 percent, which supported the short-term momentum. This positioning provided a basis for further observation as traders monitored the interaction between the recovering price and the immediate resistance band.
Resistance Levels Shape Near-Term Testing Zone
The market focused on $2.24, which remained the nearest resistance level. This barrier served as the first checkpoint before any move toward deeper channel levels. However, the distance between the current price and the midpoint near $2.60 highlighted the importance of sustained buying activity.
Each incremental step carried weight because the chart showed several failed recovery attempts earlier in the month. These earlier reactions underscored the significance of the ongoing approach toward resistance.
Channel Midpoint Remains a Central Technical Marker
The wider channel continued to guide expectations, and the midpoint marked the next major level within this structure. The chart indicated that previous mid-channel tests often produced notable shifts in short-term direction. Therefore, the path toward this level remained closely watched as XRP maintained its rebound phase.
