Is $1 Back in Play After XRP’s Rally Was Halted at $1.65?
Ripple’s native token has recovered from a dip near $1.10, yet the recent bounce appears fragile as price action meets fresh supply pressure around $1.65‑$1.80.
Market Overview
After a sharp sell‑off that pushed XRP into a local low just above $1.00, the cryptocurrency staged an aggressive rebound in early February. The rally lifted the token back into the $1.50‑$1.65 band, a level that historically has acted as a modest resistance zone. However, the ascent stalled, and the market now faces a pivotal decision point: can the price sustain a higher trajectory, or will it retreat toward the demand zones that previously anchored the bounce?
Daily Chart: A Descending Channel Still Dominates
On the daily timeframe XRP continues to trade inside a well‑defined descending channel, underscoring the prevailing bearish bias.
- Demand Zone: The most recent price recovery found buying interest near the $1.10‑$1.20 range, with the $1.15 level emerging as a strong higher‑timeframe demand area.
- Mid‑Channel Resistance: As price climbs, it approaches the channel’s median trend line, which doubles as a former breakdown area around $1.75‑$1.85. This zone now serves as resistance; a sustained close above $1.85 would be required to break the bearish structure.
- Future Supply Levels: If the token manages to clear the $1.85 barrier, the next notable supply region lies at $2.40‑$2.50. Conversely, a rejection at $1.80‑$1.85 would likely drive XRP back toward the $1.20‑$1.30 range.
In short, the daily chart suggests that while the bounce off the $1.15 demand zone is genuine, any upward thrust remains constrained by the channel’s geometry.
4‑Hour Chart: Short‑Term Impulses and Immediate Risks
The 4‑hour candles paint a more aggressive picture, with bullish candles reclaiming the short‑term supply area around $1.50‑$1.55. The price briefly entered the $1.65‑$1.80 corridor, a zone that aligns with intraday supply and the lower edge of the previous consolidation range, before being pushed back.
- Key Threshold: Holding above $1.55 and forming a base between $1.55 and $1.70 would set the stage for a potential move toward $1.80.
- Downside Scenario: Failure to maintain levels above $1.55 could reignite selling pressure, exposing the next support at $1.30 and, ultimately, the stronger $1.15 demand zone.
The 4‑hour perspective therefore hinges on whether the short‑term buyers can defend the $1.55‑$1.70 window.
What Does This Mean for the $1 Target?
Given the current technical landscape, a return to the $1.00 level does not appear imminent. The most immediate risk is a pullback to $1.20‑$1.30, with $1.15 serving as a possible floor if the market respects that higher‑timeframe demand area. Only a decisive break above $1.85 on the daily chart would open the pathway to higher highs that could, in the longer run, make a $1 resurgence a distant possibility.
Key Takeaways
| Observation | Implication |
|---|---|
| Price still inside a descending channel | Overall bearish bias remains intact. |
| Demand zone at $1.10‑$1.20, especially $1.15 | Acts as the primary support level for any rebound. |
| Resistance around $1.75‑$1.85 (mid‑channel) | A daily close above $1.85 is required for a structural break. |
| 4‑hour base needed above $1.55 | Sustained price above this level could trigger a move toward $1.80. |
| Potential downside to $1.20‑$1.30 | If sellers dominate, the token may revisit the $1.10‑$1.15 area. |
| Long‑term target above $2.40 | Only plausible after a clean break of the $1.85 barrier. |
Outlook
XRP’s recent rally demonstrates that buying interest exists near the $1.15 demand zone, but the token is still battling the structural constraints of a descending channel. Traders should watch the $1.55‑$1.70 range on the 4‑hour chart for a short‑term signal of continuation, while the daily trend line near $1.85 serves as a decisive test for any bullish breakout. Until those thresholds are breached, the $1 price point remains a distant, though not impossible, target.
Disclaimer: The analysis above reflects current market conditions and is not investment advice. Readers are encouraged to conduct their own research before making any trading decisions.
Source: https://cryptopotato.com/ripple-price-prediction-is-1-back-in-play-after-xrps-rally-was-halted-at-1-65/
