The weekend began with a modest market bounce, with XRP among the coins returning to the green zone. According to data from CoinMarketCap, the XRP/USD rate rose by 1.22% over the last 24 hours, trading at $1.9201 at press time.
On the hourly chart, XRP made a false breakout of the local support level at $1.9161. Analysts suggest that if the daily bar closes far from that mark, a test of resistance could follow. The broader picture shows little change, with low trading volume indicating a lack of energy from either bulls or bears for a significant move. The more likely scenario for the end of the week is sideways trading within the $1.90-$1.95 range.
From a mid-term perspective, traders are advised to focus on the weekly bar closure relative to the nearest support level at $1.8209. A decisive breakout below this level could provide enough accumulated energy for a more profound decline toward the $1.60 area.
A separate analysis confirms XRP remains in a corrective phase across both USD and BTC pairs. The price is now testing whether the early-January rebound was a short-covering rally or the start of a durable base. On the XRP/USDT daily chart, the price is trading just above the major horizontal demand zone of $1.80–$1.90, having been rejected from the $2.40 supply band and the declining 100-day and 200-day moving averages.
As long as the $1.80–$1.90 floor holds, the structure could evolve into a basing range. However, a decisive daily close below $1.80 would open the door to a decline toward October lows around $1.60 and, if pressure persists, potentially toward the $1.20–$1.30 zone. Against Bitcoin, the XRP/BTC pair is hovering around 2,100–2,200 sats, locked in a structural downtrend with key resistance at the 2,400–2,500 sats region.
