- Technical Analysis: XRP price holds above support level, but the bounce remains weak.

XRP is trading above $1.45, slightly higher than the daily opening price. The short-term trend is considered neutral with a slight upward tilt, after the coin rebounded from its Thursday low of $1.42, yet it remains confined below the long-term downtrend resistance line, which has not been broken since July.

At the same time, XRP price is holding below the consolidated exponential moving averages (EMAs) of 50, 100, and 200 days, which range between approximately $1.50 and $1.95, confirming the continuation of the general downtrend despite the notable bounce.
However, the Moving Average Convergence Divergence (MACD) remains in positive territory and above its signal line on the daily chart. The slightly contracting histogram bars suggest weakening downside momentum, while the Relative Strength Index (RSI) settling around 52 on the same chart indicates fading selling pressure and emerging buying interest on dips in the short term.

XRP/USDT Daily Chart

The initial support level sits at recent reaction lows near $1.42, followed by the $1.40 level, where previous demand emerged. Failure to defend this level as support would lead to further decline within the prevailing downtrend. On the upside, the initial resistance level sits at the 50-day exponential moving average at $1.50, and a sustained break above this level would lead to the weekly high at $1.61, then to the 100-day exponential moving average at $1.69.
$XRP