Saad Ullah
Ripple's XRP has been under sustained downward pressure in recent weeks, but the latest price action suggests the market may be reaching a critical inflection point. After sliding from higher levels, XRP is now stabilating around $1.22, a support zone that has repeatedly absorbed selling pressure. While the broader trend remains bearish, the current consolidation could signal an important shift in market dynamics as buyers and sellers battle over this key level.
XRP Holds Above $1.22 as Selling Momentum Fades
XRP is still trending lower on the higher-timeframe structure, but price is now consolidating near a clearly marked support area around $1.22. The recent selloff appears to be losing force after a sharp drop, with XRP attempting to build a base rather than extend the decline immediately. The daily XRP/USDT chart shows price compressing above the dotted support line as volatility cools versus the prior impulsive move.
The chart highlights earlier consolidation phases that ultimately resolved lower, reinforcing the broader downtrend context. In the most recent leg, XRP slid from prior trading ranges toward the low-$1.20s before bouncing, and current candles are clustering around the $1.40 area. The latest close sits near $1.407, with the nearest marked support at roughly $1.227, emphasizing how the market is operating between a defended floor and overhead supply from prior distribution zones.
What This Consolidation Means for XRP's Next Move
While the broader trend remains down, the chart's annotations point to "selling pressure looks exhausted" behavior: tighter ranges, repeated holds near the same support band, and a rounded rebound path sketched toward the $1.50 region. This aligns with the idea that XRP is trying to transition from directional selling into base-building, though the downtrend context remains intact until price decisively reclaims higher levels.
This consolidation matters because it concentrates liquidity and sentiment around a single, well-defined level, which can amplify the next directional move once price leaves the range. A sustained hold above $1.22 would reinforce the base-building narrative, while a break below that zone would indicate the downtrend is still firmly in control. Related coverage includes Ripple's XRP Finds Support at $1.22, Base Forming Near Demand Zone.
Saad Ullah
