XRP has moved directly into its major support zone between $1.79 and $1.98, a region experts have been warning about. After touching this area, the chart is now showing the first signs of a possible reversal. Market sentiment, however, is extremely negative. This kind of fear is often the environment where a market attempts to form a bottom.
The decline into this zone looks corrective rather than impulsive. This means the move down appears to be a three wave pullback instead of the start of a larger collapse. As long as XRP stays above $1.77, the support remains valid. Buyers must step in before that level breaks.
For early confirmation of strength, XRP needs to break above $2.14 to $2.15. A move through this zone would show that buyers are returning. If that happens, the next major resistance sits between $2.69 and $2.84. This area has acted as a major barrier many times and remains the key region XRP must clear to escape the current trading range.
Until XRP breaks this upper zone, pressure inside the range continues.
The first bounce from support is very small. It could be the beginning of a tiny five wave move upward, but it is not strong enough yet to confirm a reversal. Analysts say a clearer move is needed before calling a bottom.
XRP is prepared for a bullish reversal, but it may not fully move until Bitcoin begins a stronger bounce. Most altcoins, including XRP, are waiting for Bitcoin to stabilize. Because of that, both charts need to be monitored together.
If XRP stays above $1.77 and breaks $2.14, the next upside target becomes $2.69 to $2.84. A strong breakout above that zone could open the path to a larger rally. If XRP drops below $1.77, the bullish support setup weakens and the market may slide further.
For now, the structure suggests XRP is trying to form a bottom, but buyers still need to show stronger momentum.
