XRP bounced again from the $2.00 to $2.05 support area, drawing fresh attention from traders watching short-term chart structure. Analyst Ali Martinez said a TD Sequential buy signal appeared on the daily chart as price stabilized and turned higher, a move he described as more consistent with fading sell pressure than with a speculative burst.
Price action showed buyers stepping in around the defended zone and slowing the downside move. XRP was trading near $2.10, staying above key support while remaining below nearby resistance. The rebound did not come with a sharp expansion in volatility, which kept the broader consolidation pattern in place rather than signaling a breakout.
Resistance at $2.20 Still Caps the Rebound
The recovery has not pushed XRP back above the $2.20 resistance level, leaving immediate upside constrained. Trading activity increased modestly during the bounce, which supported the view that buyers were active, but the move still fell short of challenging recent highs. For now, the chart reflects a defended floor, not a confirmed trend reversal.
The report also noted that recent candles pointed to steady absorption of selling pressure instead of an aggressive snapback after forced liquidation. That kind of behavior usually suggests sellers are losing control, though buyers have not yet taken full command of the market.
Daily Structure Keeps Focus on the Support Zone
On the daily chart, XRP continues to hold above support while failing to retest higher levels, leaving the near-term structure balanced between buyers and sellers. Momentum readings suggested that downside pressure had eased without showing signs of overextension. In this type of setup, traders often stay cautious instead of leaning heavily into directional bets.
Risk levels remain clearly defined below the current support area. A decisive break lower would invalidate the buy setup highlighted on the chart. If XRP keeps holding this zone, attention will stay on whether the range can build into another push higher. At this stage, the move is being shaped by technical positioning, with the market centered on stability above support.