Date: Mon, Nov 24, 2025 | 01:45 PM GMT
The cryptocurrency market is attempting a recovery at the start of the new week after recent sharp volatility, which dragged Ethereum (ETH) down by more than 29%, adding heavy pressure on other top assets including XRP. The token has seen a 18% drop during this corrective phase, but the latest price structure indicates that XRP may be preparing for a significant directional move if critical support continues to hold firm.
Key Support Defended as Pattern Develops
On the daily chart, XRP is currently trading inside a right-angled ascending broadening wedge formation — a technical structure that often acts as a high-volatility compression zone before a major breakout. Following an aggressive move to the upside, XRP faced sharp rejection from the upper resistance trendline near $3.57, triggering a steep 46% pullback.
The correction drove price into a crucial demand region around $1.93, where buyers immediately stepped in. This response helped XRP bounce back toward $2.09, signaling that strong demand remains active and suggesting that bulls are not ready to surrender the key support level yet.
Throughout the wedge formation, the $1.93 zone has repeatedly acted as a strong defense layer. Every touchpoint on this level has resulted in notable absorption of selling pressure — reinforcing its importance as the base of this consolidation phase. The current reaction highlights a battle zone where market participants are positioning ahead of the next major move.
What’s Next for XRP?
If XRP successfully sustains above the support trendline and reclaims the 100-moving average resistance around $2.62, the shift in momentum could ignite a recovery attempt toward the ascending resistance trendline near $3.97. A breakout from this wedge would likely accelerate bullish momentum and signal renewed upside trend continuation.
On the other hand, a failure to hold the support zone would increase the risk of bearish continuation. A breakdown below the $1.90 region could invalidate the structure entirely and open the door to deeper declines heading into early 2026.
Market participants will now closely monitor how price interacts with the lower boundary of the wedge, as the next movement from this region is expected to define the medium-term direction for XRP.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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