XRP spent Thursday stuck below the 50-day Exponential Moving Average at $1.1458, extending a corrective phase that has now dragged on despite a partial rebound from recent lows. The 200-day EMA sits much higher at $1.4425, and neither level looks close to flipping into support any time soon.
Buyers have managed to defend lower ground, but every attempt at a rally has fizzled out before reclaiming the key technical thresholds. The pattern is familiar: a bounce, a stall, a retreat. Nothing has changed that dynamic yet.
Momentum is building, but the ceiling holds
Under the surface, the picture is a little less grim. The MACD line and its signal are both trending upward, with the histogram pushing further into positive territory, a sign that bullish pressure is quietly accumulating. The RSI has climbed to around 55, nudging past the neutral 50 mark without tipping into overbought territory. As analysts tracking the token have noted, improving momentum indicators suggest buyers are gradually regaining control, though no breakout has been confirmed.
The immediate obstacle is the 50-day EMA at $1.1458, with the 50% Fibonacci retracement of the drop from $1.2935 to $1.0092 sitting just a whisker above at roughly $1.1514. A clean close above that cluster would meaningfully shift the short-term outlook. It hasn't happened yet.
If the push higher stalls again, the levels traders are watching on the downside include the 38.2% Fibonacci retracement near $1.1178, a broken ascending trendline around $1.0937, the 23.6% retracement at $1.0763, and the recent swing low at $1.0092. Losing those in sequence would put XRP back under serious pressure.
The $1.15 zone is the one to watch. A sustained move through it opens the door to a real recovery attempt. Until then, the trend stays cautious.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
