XRP Trades Inside $1.25 Support Zone After Dip to $1.20 Last Week

Between $1.20 and $1.25

XRP price trades near $1.24, between the $1.20 wick it printed last week and the $1.25 line the market is trying to hold. The token, the native asset of the XRP Ledger, a layer 1 blockchain protocol, sits there after a slide that has run since late September, down 0.8% over the past day on $864 million of 24-hour trading volume. The early-2026 high near $2.40 still towers over the current quote, and both sit far beneath the token's all-time high. The distance between those marks describes how much of the 2026 range has already been given back.

The daily chart frames the longer structure. In August, the rebound off the $1.00 area ran out of steam beneath the $1.70-$1.80 supply zone, ground that had held as support before the February sell-off. Lower highs followed, near $1.65 and then $1.40, and each has kept the structure tilted down. A month of lower highs has left the market compressed rather than broken. The token now sits back inside a support zone where the buyers' response will decide whether the correction pauses or extends toward lower demand. The $1.25 area is where price bottomed in September before the push toward $1.65, which is why this test carries weight. One daily candle last week broke beneath the zone and printed about $1.20, but the quote snapped back inside it, a sign that buyers are still taking down the supply offered here. A reclaim of the $1.40 supply, the area that turned back the October rebound, would be the first structural repair, with the $1.50 region beyond it. Below, a break of the zone exposes the $1.10 demand area, and the $1.00 region is the last major floor on the chart, the base from which the entire August advance began. Traders now watch which side of that line closes first.

The Channel From $1.65

The intraday map is tighter than the daily one. XRP has spent the past several weeks inside a descending channel that began with the late-September top near $1.65, and every rally inside it has stopped short of the previous high. The channel's upper boundary, near $1.34, produced the most recent rejection, and that stall set up the drop beneath $1.25 and the wick toward $1.20 before demand re-emerged. Since then the token has held a tight range centered on $1.25, staying inside the zone rather than sliding out of it. The lower-high sequence from $1.65 to $1.40 to $1.34 is the pattern a breakout would have to interrupt, and the consolidation inside the zone is the first pause in it.

Two exits frame that range. The upper trendline, now near $1.28, is the first obstacle above. A daily close beyond the channel would soften the bearish structure and point price toward the $1.40 supply, the same area that stopped the October rebound. Losing the $1.20 swing low, meanwhile, would sink the stabilization attempt and aim price at the channel floor near $1.15, with the $1.10 demand zone directly beneath. Inside the range, the $1.20 wick is the reference for weakness and the $1.28 trendline the reference for strength. Neither reference has given way yet. Until that trendline breaks, the channel governs the short term, and rallies should expect overhead supply strong enough to return the token to the base from which the summer rally launched. Within the broader altcoin market, the flows around the token give the level its context: Ripple re-locked 700 million XRP after the November release, and XRP Ledger new account creation has stayed one of the network's closely watched on-chain gauges.

Our composite support and resistance scoring puts the nearest resistance at $1.2616, scored 100 out of 100, about 1.7% above the quote, and the nearest support at $1.2422, scored 58 out of 100, effectively level with it. The two edges sit less than 2% apart, one reason the range has compressed instead of resolving. Positioning leans long through the decline: perpetual funding runs at 0.0017%, and the long/short account ratio stands at 3.07, so longs outnumber shorts roughly three to one. The trend reading remains a downtrend, and our XRP technical analysis page tracks both edges in real time. For anyone acting on these levels, the standing rule applies: DYOR before treating any single level as a trade trigger. The reading that matters is distance: from $1.24, $1.2616 is the nearest edge above and $1.2422 the nearest below, with the $1.20 wick still the line beneath both.