XRP Faces Key Test at Daily Resistance Before Bullish Turn
The post XRP Faces Key Test at Daily Resistance Before Bullish Turn appeared on BitcoinEthereumNews.com.
XRP remains capped below resistance as futures positioning and whale distribution tilt short-term risks to the downside. XRP’s market uncertainty persisted into another trading day after it closed the last session without a clear market direction. As spotted by on-chain observers, the coin is sitting below a key resistance zone. And as expected, this struggle has kept traders cautious. Although short-term charts indicate relative stability, downside risks remain visible. XRP Stuck in Tight Range as $1.5160 Resistance Caps Price As per market data, XRP is exchanging hands around $1.45 following a relatively flat market outing. Effectively, this places the coin below the $1.5160 daily resistance. Looking at the XRP/BTC chart, the weekly price action closed slightly bearish but left a large lower wick. That structure points to demand stepping in at lower levels, reducing immediate downside pressure. Besides, selling interest appears less aggressive than earlier in the decline. Image Source: X/CRYPTOWZRD A weekly pin bar formed on the pair, a pattern often linked to potential upside. Oftentimes, such a signal suggests relative strength could emerge if follow-through develops. Even at that, confirmation is yet to be seen in the coin’s trend. Further examination of the trend structure reveals that sellers are still holding the upper hand. Technically, XRP trades below a long-term descending trendline. And this has kept the broader downtrend intact. Even though the asset has rebounded from the $1.30 support zone, higher levels remain unreclaimed. For now, a recovery remains elusive until the asset flips the $1.5160–$1.5300 level. Market watchers CRYPTOWZRD noted that XRP is currently moving sideways. Typically, movement around this level indicates hesitation, as buyers have yet to demonstrate strength. Market participants appear focused on a clean breakout to define the next move. Essentially, the asset needs this trend flip for a defined short-term direction. Buying…
Filed under: News - @ February 10, 2026 1:23 am