EN ▼
Favorites
My Favorites
View All
Market Cap Price 24h%

Disclaimer: Content does not constitute investment advice. Trading involves risks—please invest with caution!

Ripple price analysis: After holding on to the 200-day moving average, where will XRP go next week?

2026-09-07 03:34:49
Bookmark

XRP Price Analysis: Daily Chart

On the daily time frame, XRP's strong rebound from the support area of $0.94-$0.97 broke the previous downward structure and pushed prices higher to approximately $1.70. However, the breakthrough was followed by an equally significant rejection, and the asset has since failed to stand above the $1.45-$1.54 resistance zone.

Currently, XRP is trading at approximately $1.42, slightly below this major supply area. More importantly, XRP remains above its long-term moving average (around $1.27), which had been trending downward and has now leveled off. This level constitutes an important structural support for the current recovery.

As long as support in the $1.27 area is effective, recent weakness can still be regarded as a consolidation after an impulsive rise. If the daily close breaks through the $1.45-$1.54 resistance zone, it will strengthen bullish views and may bring the $1.70 high back into focus. Conversely, if the $1.27 support is lost, the overall structure will be significantly weakened and the probability of a deeper correction to the downward moving average of about $1.15 will increase.

XRP/USDT 4-hour chart

The 4-hour chart shows that since the initial surge, a falling channel has been limiting the trend of XRP. The asset has repeatedly failed to break through the upper trajectory of the channel, which has now converged with the critical $1.45-$1.54 resistance zone.

The recent rally starting at about $1.34 has pushed XRP back to around $1.42, putting it directly below this downward resistance. This makes the current region particularly important. If we can break through the trend line and successfully recover $1.45, it may mark the end of the adjustment structure, when the $1.50-$1.54 area will become the next obstacle.

However, if the decline structure is maintained again, the token may fall back to the $1.34-$1.38 range. Below it, the lower rail of the channel is approaching the $1.27-$1.30 area, which overlaps with a well-defined support area.

As a result, XRP remains trapped between improved support below and sustained resistance above. Before the downtrend channel is broken, the short-term outlook seems more in line with continued consolidation and potential another round of correction than with an immediate bullish continuation.

Disclaimer:

All content published on this website, including hyperlinks, related applications, forums, blogs, and other media accounts, originates from third-party platforms and their users. CoinMarketInsight makes no representations or warranties of any kind regarding the website or its content. All blockchain-related data and materials are provided for informational and research purposes only and do not constitute financial, legal, or investment advice. Users and third parties are solely responsible for the content they publish. CoinMarketInsight shall not be liable for any losses arising from the use of this website. You should exercise caution and conduct your own independent research, review, analysis, and verification before making any decisions.

Read Full Article
More News
TOP

TOP