- XRP trades near $1.91 as price presses against a well-defined selling wall on the chart.
- Net buying is still visible, and it has helped to reinforce lower lows in the downward channel structure.
- The second significant resistance level is the one that is close to the level of $2.30, according to the levels established within the TradingView chart.
XRP (XRP) traded near the $1.91 level during the latest session, according to the latest data . Price action shows XRP approaching a clearly defined selling wall that has capped upside attempts in recent days. This area coincides with a descending channel that has guided price movement since the early January peak.
However, recent candles show compression near the upper boundary of that channel. It is interesting to note that during this reduction there was steady net buying activity. Consequently, the market structure will now be characterized by a slow decline in downside momentum.
In this regard, traders will be keen on the interaction of XRP with resistance areas around.
XRP Eyes $2.30 After Holding Key Support Wall
Chart data highlights a prominent resistance zone near the $2.00 region, marked by repeated price rejections. This zone aligns with visible sell pressure that has limited short-term advances. However, price has continued to test this level without sharp pullbacks.
It is worth noting that the behavior was not similar to the previous rejections experienced prior to the downtrend. Meanwhile, the intersecting point of the upper trendline of the descending channel is now drawing close to the present price. This overlap concentrates technical attention on a narrow price band. As XRP trades within this range, market participants monitor order flow closely.
XRP Tests $1.91 Sell Wall with Eyes on $2.30 Upside Target
Alongside resistance pressure, volume data reflects steady net buying during recent sessions. Green volume bars appear more frequently near the lower channel boundary.
This activity supported a rebound from the $1.80 support zone highlighted on the chart. Following that rebound, XRP printed higher lows within the channel structure. Notably, this pattern marks a shift from earlier lower lows.
As price stabilized, short-term momentum indicators began to flatten. This transition provides context for the current consolidation phase. With resistance still intact, XRP continues trading below the next highlighted zone near $2.30. This level appears as a marked resistance area on the chart. If price clears the current selling wall, this zone becomes the next visible reference.
Meanwhile, downside structure remains defined by support near $1.80. Price action between these levels maintains a controlled range. As a result, attention remains fixed on the immediate resistance interaction. This setup frames XRP’s current position within clearly defined technical boundaries.
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