XRP posted a small rebound over the past 24 hours, rising by around 2% after last week’s sharp sell-off. However, market indicators suggest the move is more of a short-term relief bounce than the start of a real recovery.
The token is currently holding near the $1.45 level, where prices have stabilized after briefly dipping toward recent lows. Despite the uptick, XRP remains in a clear downtrend on the daily chart, with lower highs and lower lows in place since late January.
Momentum indicators continue to favor sellers. The relative strength index (RSI) is sitting in the mid-30s, well below the neutral 50 level, signaling that bearish momentum is still dominant. In past recoveries, XRP has typically needed to reclaim neutral RSI territory before any sustained upside could develop, something that has not yet happened.
Volume data also points to ongoing selling pressure. On-balance volume (OBV) remains in a downward trend, indicating that distribution is outweighing accumulation. This suggests the recent price increase may be driven by short covering or temporary relief buying rather than strong new demand.
From a trend perspective, XRP is trading well below its 20-day simple moving average, which is currently around $1.68 and still sloping downward. This reinforces the idea that rallies are likely to face selling pressure.
Technical resistance is also stacked above current levels. Fibonacci retracement levels drawn from the recent swing high to the January low highlight a heavy resistance zone between $2.05 and $2.30. This area includes several key retracement levels and would need to be convincingly reclaimed for the short-term outlook to turn more positive.
Until that happens, analysts say the latest 2% rise should be viewed as a pause within a broader downtrend rather than a meaningful shift in direction. With momentum and volume indicators still leaning bearish, caution remains warranted for XRP in the near term.
