XRP’s near-term recovery case is centered on $1.22 and $1.60. Analysts tracking the chart argue that reclaiming $1.22 first, then pushing through $1.60, is necessary before current stabilization signals can be treated as a stronger bullish setup.
Rare moving-average compression forms near support
On the biweekly chart, market analyst EGRAG Crypto said XRP’s 50 EMA, 100 EMA, and 144 WMA have converged for the first time in the current cycle. The setup appeared after more than two weeks of consolidation. Similar compressions in past periods came before major price expansions after macro lows, though he stressed that confirmation still depends on the next technical steps.
In his framework, the first important move would be a rebound toward the $1.60 area, where the 50 EMA sits. If XRP gets rejected there and then retests the 0.618-to-0.50 Fibonacci support zone, that could strengthen the case for a double-bottom near $1.10, close to the lower edge of a long-term triangle pattern. Analysts say holding that Fibonacci support would help establish a durable base. Losing it would weaken the bullish structure sharply.
XRP is still trading above a key horizontal support band, yet it has not broken above the top of its symmetrical triangle on the same timeframe. Support remains intact for now. Resistance remains intact too.
Higher upside targets stay theoretical without a breakout
EGRAG Crypto mapped upside targets using prior cycle expansions, placing a measured-move zone at $5.00 to $6.50. If momentum continues beyond that, the chart shows higher extension levels at $9, $15, and $31. Those targets are conditional. Until XRP reclaims and holds major resistance, they remain projections rather than confirmed objectives.
That keeps attention on two levels above all others. Analysts describe $1.22 as the first resistance that needs to be recovered, while $1.60 is the more important confirmation level and the key barrier for any rebound trying to extend.
Weekly RSI divergence adds another stabilization signal
Technical strategist Dark Defender outlined a separate weekly-chart view using Elliott Wave counting and the relative strength index. In that reading, the recent pullback may have completed Wave 4, leaving room for an upward move if trend change is confirmed.
His chart marks reference levels at $0.93, $1.22, $1.88, $2.90, and $5.85. XRP was described as trading around $1.11, between the first two levels. The lower trendline appears to have held the latest decline, while price is still capped below descending resistance. That has left XRP compressed between support below and supply overhead.
Dark Defender said weekly RSI is hovering near 34, showing a hidden bullish divergence. Traders often read that pattern as a sign that downside pressure is easing even while price retests lows. Even so, the signal is not being treated as a full reversal on its own. Analysts say the chart currently points to possible stabilization, and the next phase depends on whether XRP can clear $1.22 and then $1.60 with strong volume behind the move.