- XRP rebounds in the last 24 hours as analysts warn correction may continue
- Market data shows XRP rising but key resistance still holds
- Analyst says XRP remains weak after losing major support zone
XRP recorded a noticeable recovery during the past 24 hours, drawing renewed attention from traders who are closely monitoring whether the rebound signals the start of a broader recovery or simply a temporary bounce within a continuing correction.
According to CoinMarketCap market data, XRP climbed toward the $1.40 range during the latest trading session, reflecting renewed buying activity after the asset experienced several days of downward pressure across the broader cryptocurrency market.
At the time of reporting, XRP traded at $1.38, while its 24-hour trading volume exceeded $2.3 billion, indicating that market participation remains strong even as investors remain cautious about the asset’s short-term trajectory.
Additionally, XRP continues to maintain a market capitalization of roughly $84 billion, which keeps the token among the largest digital assets and reflects sustained liquidity despite recent volatility in the crypto market.
Besides the increase in price, the rebound has sparked fresh interest among short-term traders who are attempting to determine whether the latest upward movement represents a genuine trend reversal or simply a relief rally. However, technical analysis suggests that the situation may be more complex than the recent price increase might initially suggest.
Also Read: Analyst Warns XRP Triangle Compression Could Trigger Massive Price Move
Why Analysts Believe XRP Is Still in a Corrective Phase
Crypto analyst UniChartz recently shared a chart analysis explaining why the current XRP surge may not necessarily signal the end of the broader corrective structure that has been forming in recent weeks.
According to the analyst, XRP previously lost a critical $1.80 to $2.00 support zone, a range that had served as an important structural foundation during earlier consolidation periods when the market maintained stronger bullish momentum.
Once XRP dropped below this region, the technical structure changed significantly because the former support zone quickly transformed into resistance, which now creates a barrier that the asset must overcome before stronger bullish momentum can return.
Consequently, as long as XRP continues trading below the $1.80 to $2.00 range, analysts believe the broader short-term structure will likely remain weak despite occasional upward movements like the current rebound.
Additionally, the chart shared by UniChartz highlights another important area that traders are monitoring closely as the market develops. The analysis indicates that a strong demand zone exists between $0.75 and $0.80, which historically served as a major accumulation region before XRP experienced its previous breakout rally.
If the correction continues and the market fails to reclaim the former resistance zone, analysts believe that buyers may eventually step in around that lower support region.
Also Read: Erik Voorhees Returns to Ethereum With $56.5M Buy as Institutional Interest Grows
