XRP gained roughly 2% over the past 24 hours in a mild recovery after last week’s sharp sell-off, but the move has not altered the broader technical picture. Chart signals still lean bearish, and the latest rise looks more like a pause in a wider decline than the start of a durable rebound.
Price steadies near $1.45 while the downtrend stays intact
On the daily chart, XRP has remained in a clear downtrend since late January, with a sequence of lower highs and lower lows. The token has managed to stabilize near $1.45 after briefly slipping toward recent lows, yet that stabilization does not amount to a confirmed reversal. At this stage, it looks like consolidation. Nothing more.
Momentum indicators support that reading. The relative strength index, or RSI, is sitting in the mid-30s, well below the neutral 50 level. That suggests bearish momentum is still present even after the recent bounce. In past recoveries, stronger upside phases tended to coincide with RSI reclaiming neutral territory, something XRP has not done.
Volume signals still point to distribution
Volume-based data also remains weak. On-balance volume, or OBV, continues to trend lower, indicating that distribution is still outweighing accumulation. That matters because a green candle without supporting volume often reflects short covering or a temporary relief move rather than fresh and sustained buying demand.
Without stronger participation from buyers, upside attempts can stall quickly. That leaves rallies vulnerable to renewed selling as price approaches overhead resistance.
Fibonacci resistance between $2.05 and $2.30 remains the key hurdle
Trend indicators add to the cautious view. XRP is still trading well below its 20-day simple moving average near $1.68, and the slope of that moving average is still pointing down. That setup usually signals that higher levels are likely to attract selling pressure instead of follow-through buying.
Fibonacci retracement levels drawn from the recent swing high to the January low show a dense resistance zone between $2.05 and $2.30. That range contains the 0.382, 0.5, and 0.618 retracement levels, making it a critical area for any bullish attempt. For the short-term outlook to improve in a meaningful way, XRP would need to reclaim that zone and hold above it.
Until that happens, the latest 2% rise is best viewed in context: a relief move inside a broader downtrend. With momentum and volume indicators still favoring sellers, caution remains the dominant message from XRP’s current price action.