XRP held steady near $1.42 as volatility fell to levels last seen before a major rally in 2024, raising questions about whether the downtrend is exhausting.
News background
- XRP is down about 61% from its all-time high during the current stretch of market turbulence, but recent price action suggests the selloff may be slowing. Losses are moderated to consolidation, with small gains across shorter timeframes replacing sharp directional moves.
- In particular, XRP’s historical volatility has fallen to 96, which is similar to levels last seen in June 2024 – a period that marked the bottom of a previous downtrend before a rally into November.
- The compression has fueled speculation that XRP may be entering a similar base-building phase.
- Some analysts point to parallels with previous cycle structures, including the extended consolidation that preceded the breakout in 2017.
Summary of price action
- XRP fell 0.14% to $1.42
- Price tested and held support near $1.39
- Volume rose nearly 94% above average during the crash
- The recovery stalled near the $1,428-$1,431 resistance
Technical Analysis
- The key moment of the session came when XRP tested $1.3915 on high volume before stabilizing. While the bounce completed a 38.2% retracement, momentum declined as the price neared $1.44, the daily pivot point and near-term ceiling.
- The structure remains cautious below $1.44-$1.45, but the successful defense at $1.39 suggests sellers are losing urgency. Declining volume during consolidation points to compression rather than new distribution.
What do traders say is next?
- Traders see this as a compression setup.
- If XRP regains $1.44, it opens up space towards $1.50 and potentially $1.62.
If $1.39 breaks, the downside risk shifts towards $1.35. - With volatility near previous cycle lows, the next decisive move may be less about direction now — and more about how long this compression can last before the expansion resumes.
