XRP's $1.24 Support Test Will Decide Whether the Correction Deepens

XRP's Correction Grinds Toward $1.24

Nothing on XRP's daily chart settles the question of where this correction ends. The token was changing hands near $1.28 in the earliest hours of Wednesday, down from September highs around $1.65, and the stretch since its August and September recovery has printed a steady series of lower highs and lower lows. Sellers hold the short-term trend, and with XRP trading below its major moving averages, every rebound attempt starts against overhead supply that is already in place. The nearest demand sits between $1.24 and $1.25, where buyers have recently tried to build a temporary floor. A decisive loss of that zone opens $1.20 first, then the psychologically important $1.15 level. On the upside, resistance waits at $1.30-$1.33, with a heavier band at $1.35-$1.40 where several moving averages converge. Until XRP reclaims that upper zone, the working assumption on the chart stays bearish. Momentum gives a split read. The Relative Strength Index is hovering in the lower half of its range, which leaves open the possibility that selling pressure is close to running out, but no bullish divergence has formed, so calling a reversal now is premature. Trading volume has fallen away sharply compared with the spike that accompanied August's rally, pointing to fewer active traders and weak buyer conviction rather than capitulation. Sentiment has followed the tape lower, the tone has drifted toward outright FUD in crypto, and the structure now resembles a grinding bear market more than a routine pullback. The wider tape offers little help. COINOTAG's live feed put Bitcoin at $77,003 early on Wednesday, about 0.6% below its midnight UTC level and roughly flat across 24 hours, so the largest asset is neither dragging altcoins down nor cushioning them. The inability to rebuild momentum after a strong late-summer recovery is the core of the bearish case.

NEAR, Zcash and Cardano Face Their Own Tests

NEAR Protocol (NEAR) tells a similar story from a higher starting point. After peaking near $6.00 in October, the token has slid to around $3.91, trading below its short- and medium-term moving averages while holding above its longer-term ones, which keeps the broader recovery structurally intact even as the near-term picture worsens. Buyers are defending a support band between $3.75 and $3.85; a confirmed break under $3.75 would open $3.60 and possibly $3.30. Resistance stacks at $4.20-$4.35, and a genuine recovery through that zone targets $4.60 and then $4.80. Volume is moderate against September's breakout, which means books are thinner and sizable orders face more slippage than they did a month ago. Zcash (ZEC) is the outlier of the four. The coin is holding around $1,208 after a rally that carried it from roughly $500 in August to a peak near $1,700 in late September, and the sideways action since has preserved most of the market cap gained during that run. ZEC still trades above its longer-term moving averages, so the larger uptrend is unbroken even as short-term momentum cools. Support runs from $1,150 to $1,180, a zone buyers have stepped into repeatedly; losing it would accelerate selling toward $1,100 and then the psychologically important $1,000. Resistance sits at $1,250 and again at $1,300-$1,350, and a daily close above $1,350 would open $1,450 and $1,550. The RSI sits near the neutral 50 mark, a market that has not yet picked a direction. Cardano (ADA) is the weakest of the group, near $0.1908 after a long slide from October highs around $0.28 and below every moving-average timeframe it tracks. The $0.185-$0.190 area is the immediate floor; a break under $0.185 points to $0.175 and then the stronger $0.160-$0.165 demand zone. Buyers need to reclaim $0.200 to show the first sign of recovery, with real resistance stacked at $0.215-$0.230. Its RSI is approaching oversold territory, though low volume suggests buyers are not yet convinced even at these levels.

Where the Reversal Case Would Start

Read together, the four charts share one gap: none of them shows the combination that has ended previous altcoin slides, namely a bullish divergence on the momentum oscillator paired with a visible expansion in volume. ZEC is the only name whose long-term trend still argues for buyers, and even there the market is undecided at a neutral RSI. What would settle the open question is specific and observable: a daily close below $1.24 for XRP, below $3.75 for NEAR, below $1,150 for Zcash or below $0.185 for Cardano would confirm the next leg down, while a daily close by XRP above $1.35, or by Zcash above $1,350, would give the reversal case its first hard evidence.