XRP Enters a High-Stakes Range as Bulls and Bears Test Conviction
XRP is entering a critical phase on the daily chart, with price action showing signs of stabilization after sustained downside pressure. While the broader trend remains fragile, recent candles suggest sellers are losing momentum, opening the door for a possible short-term rebound if buyers can defend key support levels.
The asset continues to trade below its major moving averages, reinforcing a cautious outlook. However, the gap between price and these averages is narrowing, often an early signal that bearish momentum is slowing. This creates a scenario where XRP could attempt a recovery, provided it can overcome nearby resistance and attract follow-through buying.
Momentum indicators are no longer deteriorating, pointing instead to consolidation rather than acceleration to the downside. This shift suggests the market may be transitioning from trend-driven selling into a range-bound phase. If resistance is cleared, sentiment could quickly turn constructive, but failure to do so would likely keep rallies capped.
For now, XRP remains in a decision zone where both buyers and sellers are testing conviction. A clean move above resistance would improve the technical outlook, while a loss of nearby support could reintroduce stronger bearish pressure and define the next leg lower.
