XRP is currently trading around $1.30 after a recent price decrease, known as a Wave 2 pullback. Traders are watching closely, with support around $1.28 and resistance at $1.38 to see where it goes next.
As a researcher, I’m currently observing XRP trading around $1.30. This comes after a significant drop from a recent high point. Interestingly, the price had previously surged, increasing almost sixfold from around $0.60.
Experts are currently assessing if this change is part of a broader market correction. Meanwhile, traders are monitoring key price levels and the strength of the trend to predict where it’s headed.
Analyst Tracks Wave 2 Retracement Zones
One market analyst said XRP completed five intermediate waves into its July 2025 high.
The recent price increase for XRP started in July 2024 and is considered the first major wave of growth. Now, the price is experiencing a temporary pullback, known as a Wave 2 retracement, according to analysts.
The analyst described the decline as a “healthy pullback” after five waves higher.
Based on this analysis, the 0.5 Fibonacci retracement level around $1.21 has already been reached and now acts as a key support level.
I’ve been tracking this asset, and it’s seen a significant rally – almost six times its value since it began moving upwards from around $0.60. It tested its long-term downward trendline, and after completing five smaller upward movements, it’s now retracing.
so here’s the update…
after completing 5 intermediate 𝐖𝐀𝐕𝐄𝐒 for completing primary 𝐖𝐀𝐕𝐄 1 from…
— CG TRADES (@CG_trades_)
The next price level to watch is between $0.92 and $0.86. This area aligns with a key Fibonacci level, known as the golden pocket, which falls between 0.618 and 0.65.
The analyst said a monthly close below $0.86 would be a personal invalidation level.
Chart Structure Still Looks Weak in the Medium Term
Looking at the charts, XRP is still trending downwards overall. Since hitting a high point in late 2025, the price has consistently made lower highs and lower lows – meaning each peak is lower than the last, and so are the valleys. It’s not looking great for a quick turnaround, unfortunately.
I remember seeing a high around $2.40 to $2.50 on the daily chart. Then, things took a turn in early February – we had a pretty sudden drop that really messed up the previous support levels.
Following that shift, XRP’s trading activity decreased and it stopped showing strong upward movement. Since then, the price has remained relatively stable, hovering near the lower limit of its recent trading range.
The chart indicates potential support between $1.28 and $1.32, but buyers haven’t shown significant strength yet.
This means the market could fall to even lower levels. Attempts to recover have recently failed, consistently stopping between $1.45 and $1.55.
This trend suggests sellers are still engaged when the price hits resistance levels. If the price goes back above $1.40, it would signal a more positive short-term outlook.
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XRP Price Holds $1.32 as RSI Signals Potential Bottom
Momentum and Targets Keep Traders Focused on Key Levels
The Relative Strength Index (RSI) is currently around 41.6, which is below the 50 level. This suggests the market lacks strong upward momentum, but isn’t yet indicating a strong buying opportunity.
Looking at the current data, I’m not seeing a definitive sign that the trend is reversing yet. The MACD is still showing negative momentum, with both lines remaining below the zero line, which suggests the downward trend hasn’t fully lost steam.
The histogram now shows a flatter shape than it did with the previous red bars. This indicates that the pressure to sell has decreased, though it hasn’t disappeared completely.
The price is currently finding support between $1.28 and $1.30, according to the daily chart. If the price falls below this range, the next important support level to watch is around $1.20, where we saw a significant drop in February. Falling below $1.20 would suggest a likely continued downward trend.
Prices are currently facing some initial resistance between $1.38 and $1.40. A more significant barrier to further gains lies between $1.45 and $1.55. If the price can break above $1.55, reaching $1.80 could signal a major upward trend.
If XRP’s price increases, analysis suggests it could reach much higher levels, with a minimum target of $7.58 from its current price.
If the price drops to between $0.92 and $0.86 first, the projected high could reach $9. The analysis also suggests even higher potential gains if the price falls further before rising.
The analysis forecasts a price of $24.75 if XRP rebounds from its current value. It further predicts a price of $37 if XRP reaches and recovers from a key support level.
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2026-04-05 17:44