XRP’s latest bounce is looking more like a recovery wave than a clean breakout. NewsBTC reports XRP started moving higher after reclaiming key levels in the $1.10 to $1.1250 area. From there, the asset moved into a short-term positive zone, but it’s now consolidating below $1.1220 and still has overhead levels to clear.
The chart signal centers on support and resistance on the XRP/USD hourly view, using Kraken data. NewsBTC says XRP has been able to hold above $1.050, then climb above $1.10 and $1.12, and it also notes a break above a bearish trend line. The important detail is that XRP is trading below the 100-hourly Simple Moving Average and below $1.1220 right now, which keeps the recovery from looking fully “locked in.”
Price levels: what must hold, what must break
NewsBTC lays out the immediate line in the sand. XRP is consolidating after a recovery wave above $1.10 and $1.1250, and it “might aim for a fresh move if it clears $1.1730.” The next upside hurdles are higher, with resistance cited near $1.1720, then $1.2080.
Here are the key levels NewsBTC highlights:
| Type | Level (approx) | What NewsBTC says it means |
|---|---|---|
| Support | $1.1250 | If XRP holds above this, it can stay in the recovery posture |
| Support | $1.110 | A breakdown risks a move toward lower supports |
| Support | $1.050 | Major support from the recovery start, below it increases downside risk |
| Resistance | $1.1730 to $1.1720 | First meaningful ceiling for upside continuation |
| Resistance | $1.2080 | First major resistance above the $1.17s |
| Resistance | $1.220 | Next hurdle after $1.2080 |
NewsBTC also points to a Fibonacci read on the earlier drop. It says XRP pushed above the 23.6% Fib retracement level of the move from the $1.3640 swing high to the $1.052 swing low. On the upside, it flags the 50% Fib retracement level in the $1.2080 area and later resistance around $1.220, then $1.2450, $1.2620.
Momentum signals: bullish, but not decisive
The directional bias in NewsBTC’s take comes from momentum indicators. It reports Hourly MACD for XRP/USD is gaining pace in the bullish zone, and Hourly RSI is above 50. In plain terms, NewsBTC’s indicators say buyers have reclaimed some control.
But the same report still frames the situation as conditional. NewsBTC says XRP will likely continue upward only if it settles above $1.1250. It also warns of a change in character if XRP fails to clear the $1.1740 resistance zone. That’s not a guaranteed reversal call, but it does define what would invalidate the current push.
The downside map if the bounce fails
NewsBTC’s bearish scenario is anchored to concrete hourly support breaks. If XRP fails near $1.1740, it “could start a fresh decline.” The first downside reference is $1.1250. If price breaks and closes below $1.110, NewsBTC says it could slide toward $1.080.
From there, the report keeps going with another support tier. It cites $1.050 as the next major support, “below which the price could continue lower toward $1.00.” That matters because it links the bounce back to the level NewsBTC describes as the recovery floor.
What to watch next
NewsBTC’s technical framing is straightforward: XRP is rebounding above $1.10 and has reclaimed parts of the $1.12 region, but it’s consolidating under nearby resistance while it trades below the 100-hourly Simple Moving Average. The near-term decision points are $1.1730 on the upside and $1.1250 to $1.110 on the downside.
If XRP clears $1.1730 and then stabilizes above $1.1250, NewsBTC expects the market to test higher resistance zones like $1.2080 and the $1.220 area. If it can’t, the report’s risk path runs down through $1.110, then $1.080, and possibly toward $1.050 and $1.00.