XRP’s latest rebound has stalled at the Point of Control (POC), a high-volume price zone that often acts as a key pivot in range trading. The rejection kept price below a major resistance area and confirmed another lower high, leaving the market’s bearish structure intact. For now, the next downside objective remains the $0.58 range low.
The POC marks the level where the heaviest volume has traded within the range. When price cannot reclaim that zone and hold above it, the market usually stays weak, with sellers defending overhead supply. That is what XRP has shown in this move: buyers pushed into resistance, but demand was not strong enough to absorb the available sell pressure.
Another lower high keeps the bearish structure in place
From a market-structure view, XRP is still trading within a sequence of lower highs and lower lows. The latest rejection near the POC did not break that pattern. It reinforced it. That matters because failed rallies into resistance are typically treated as corrective moves unless price can recover the key level on a closing basis.
As long as XRP remains capped below the POC, sellers retain control of the trend. Each rally that fades below resistance increases the chance of another move back toward prior support. The chart has not shifted into a bullish reversal phase, and the failed push higher keeps downside pressure active.
$0.58 remains the next major support level
The report identifies $0.58 as the next major downside target. This range low has served as an important support area in XRP’s broader trading structure and has been tested several times before. On earlier visits, the market responded with bullish reactions and short-term bounces, which is why the level still matters.
Even so, a bounce from $0.58 would not automatically signal a trend reversal. In range-bound conditions, price can move repeatedly between resistance and support before a decisive breakout occurs. A reaction from the lower boundary may simply extend the sideways structure. A break below it would point to stronger bearish continuation.
Bearish follow-through adds weight to the rejection
The move off the POC has not been mild. XRP has printed multiple bearish follow-through candles after the rejection, showing that sellers are doing more than just defending resistance. They are pushing price lower with momentum. That kind of follow-through often carries more significance than a one-off rejection.
Weak rejection can lead to consolidation. Strong rejection with continued bearish candles often sends price toward the next liquidity zone. In XRP’s case, that keeps attention fixed on $0.58. Unless buyers reclaim the POC and hold above it, the path of least resistance still points lower.