XRP rejected at $1.30 after 20 percent rebound

XRP encountered strong resistance once more during its latest recovery attempt. The asset climbed sharply from a local low of $1.08 up to the $1.30 zone but was quickly rejected at this level. As a result, the price action remains stuck between efforts to regain upward momentum and the lingering influence of the broader downtrend.

Why is the $1.30 region critical?

In the market, the $1.30 level has long been seen as a crucial threshold. Not only is it close to the 100-day moving average, but it also represents a former support area breached in the recent decline. As XRP approached this zone, profit-taking took precedence and buying pressure notably faded.

The failure of this recent attempt suggests that sellers remain active at previously established support points. XRP’s inability to break this range signals that technical barriers are still in place for any short-term upward move.

Key levels highlighted by technical indicators

Technically, the recent rejection is not being interpreted as a major breakdown in itself. Analysts are focused on whether the higher low that formed after this month’s steep selloff can be sustained. With the latest bounce, the relative strength index has moved back above neutral, indicating some improvement in momentum.

The first key support level under watch is the 50-day moving average near $1.23. XRP reclaimed this zone during its recent recovery and is now attempting to hold above it. Should buyers defend this support, a fresh test of the resistance between $1.30 and $1.32 could become increasingly likely.

A break above $1.32 would put the 200-day moving average at $1.38 and the broader resistance area around $1.50 on traders’ radars. Such a move could be interpreted as the start of a more robust and lasting recovery process.

Downside risks remain on the table

On the other hand, losing the 50-day moving average would significantly weaken the bullish scenario. The immediate support sits near $1.18, but the more critical level is the recent swing low at $1.08. If this level also fails, then the psychologically important $1.00 mark would once again become a key focus for traders.

While trading volume increased following the initial surge, it still falls short of levels typically seen during strong reversal trends. This suggests buyers are returning but confidence in further gains remains tentative.

In the short term, XRP’s direction is likely to be determined by the $1.23 to $1.32 price range. The next major battle between buyers and sellers is expected to play out within this corridor.

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