XRP Tests $1.26 Support After a Failed Rebound

Rejection at the Channel's Upper Boundary

The XRP price sits at $1.26 on Saturday, inside the lower half of the $1.25–$1.28 demand zone, after a rebound attempt that stalled beneath $1.40. The token is down 3.8% across the past 24 hours, and live readings taken after 14:50 UTC on Friday show it a further 1.2% lower. Every reference point the market held at the start of the week is now above it. XRP had climbed into the $1.37–$1.40 band, the stretch where the upper boundary of a descending channel, two parallel falling trendlines that have framed the daily chart since the September peak, converges with descending resistance. That test failed. A run of bearish candlestick patterns then carried XRP back through the $1.32 handle and into the $1.25–$1.32 demand zone, the region that underpinned the previous meaningful rebound. A second visit this soon tells its own story: buyers could not sustain the recovery the zone produced the first time. Since the September peak, each recovery has stopped at a lower high than the one before it, and this week's attempt kept that order. The map beneath the market is short. A decisive daily close under $1.25 would confirm the zone's loss and expose $1.20 first, then the next marked support and resistance shelf near $1.09–$1.14. Above, reclaiming $1.32 would bring an initial improvement, though the token would still need to clear descending resistance and the recent $1.37–$1.40 rejection area to break the sequence of lower highs. The broader $1.48–$1.53 supply zone stands beyond that as the larger barrier.

The four-hour record explains how the high was lost. A liquidity sweep, a fast push through a prior high designed to trigger stop orders, carried the token above its earlier peak near $1.39 and briefly into the $1.38–$1.40 supply zone, where the channel's upper boundary gave sellers a second reason to act. The reversal back beneath the prior high was rapid, and the failed-breakout shape that followed handed momentum back to sellers. That the sweep reached $1.38–$1.40 without holding says the buying behind the rebound was thinner than the move itself suggested. The market now tests the upper boundary of the $1.25–$1.28 demand zone. A limited bounce from here is possible, but the speed of the decline and the absence of a sustained bullish response keep another test of $1.25 as the main near-term risk. Losing that floor would open fresh lows and extend the move toward the channel's lower trendline. Supply zones mark stretches where resting sell orders have repeatedly stopped advances, and demand zones do the same for buyers; the token is now pressed against the upper edge of one. For buyers to change the short-term picture, the price must recover $1.30–$1.32 and establish a higher low. A later break above descending resistance would ease the immediate pressure, though the $1.38–$1.40 supply zone remains the hurdle to a more convincing reversal. Flows around the token tell a two-sided story while the chart deteriorates. Franklin Templeton's XRP ETF recorded a $3.55M net inflow on October 23. Whale tracking earlier this month showed monthly XRP transfers to Binance of $112.4M, the most since March. Prediction-market sentiment has cooled with the price, as the token's $2 year-end odds were cut to 14% after an 11-point drop. For the full indicator readout behind these levels, the XRP technical analysis page tracks them in real time.

Positioning Against the $1.35 Ceiling

Our own composite scoring puts numbers on the chart picture. The $1.2577 floor, where the swing low, a Gann projection and the 0.618 Fibonacci retracement meet, scores 88 out of 100 and lies about 0.13% beneath the live quote. Overhead, $1.3542 is the strongest level on the board at 100/100, the point where the 20-, 50-, 100- and 200-day moving averages stack. Positioning is stretched to one side: funding on perpetual futures prints at -0.0008% while 76.1% of accounts hold longs, a 3.18 long/short ratio, with the RSI at 35.21 and the trend reading as a downtrend. The measurement that closes the story is distance: the nearest edge, the $1.2577 floor, sits less than a fifth of a percent below the current price.