XRP is currently trading in the red as the broader cryptocurrency market experiences pressure over the past 48 hours. Risk sentiment has turned cautious once again, with Bitcoin (BTC) and Ethereum (ETH) both sliding nearly 2% in the last 24 hours. This market movement has triggered over $351 million in liquidations across the market, with long positions bearing the brunt of the damage.
As volatility spreads, altcoins have also come under pressure, and XRP is no exception. The token is down around 2.69% at the time of writing. However, beyond this short-term weakness, XRP’s higher-timeframe chart is flashing signals that this pullback may be more than just another sell-off.

XRP Tests a Critical Demand Zone
On the weekly chart, XRP is trading within a right-angled ascending broadening wedge, a structure often associated with high volatility and decisive breakouts once price reaches key boundaries. Following a powerful rally earlier in the cycle, XRP faced strong rejection near the upper resistance trendline around $3.66 in mid-2025. That rejection triggered a sharp correction, sending price down approximately 50%.
This decline has now brought XRP back into a major demand zone situated between $1.77 and $1.95. Historically, this area has acted as a strong defensive level throughout the wedge formation. Each time price has revisited this zone, selling pressure has been absorbed aggressively, leading to stabilization and rebound attempts.

The current reaction suggests buyers are once again stepping in, treating this region as a value area rather than a breakdown point. This positions the zone as a key battlefield that could determine XRP’s medium-term direction.
What’s Next for XRP?
While price remains compressed near support, XRP is also trading below its 50-week moving average, which is currently situated near $2.44. This moving average has transitioned into a key overhead resistance and represents the level bulls need to reclaim to shift momentum back in their favor.
If XRP can hold above the $1.77–$1.95 support zone and push back above the 50-week moving average, confidence could return quickly. Such a move would open the door for a recovery toward the upper resistance trendline of the wedge, with potential upside extending beyond the $4.0 region if a breakout materializes.
Conversely, the bullish structure remains vulnerable. A decisive breakdown below $1.77 would weaken the wedge formation and expose XRP to further downside, thereby invalidating the current accumulation thesis.
Bottom Line
For the moment, XRP finds itself at a technically pivotal level. While broader market uncertainty continues to drive volatility, the weekly structure suggests this dip could be a consolidation or accumulation phase rather than the commencement of a new bearish trend.
The upcoming few weekly closes will be critical. XRP's reaction around this support zone is likely to set the tone for its next major move, whether that involves a renewed push higher or another leg of downside before stability returns.

