I have been looking closely at the XRP chart and in my search I start to know about that recent move which surprised many traders. XRP is now trading around 1.46 dollars. Just a few days ago on February 6 it dropped hard near 1.12 dollars. That drop was a strong shakeout and many people thought the downtrend would continue for a long time. But they become wrong in the short term because XRP bounced back strongly.
From mid 2025 the overall direction was downward and the chart was moving inside a descending channel. So the bigger picture still shows weakness. But right now what I see is a relief rally. XRP has gained around 38 percent from its February 6 low. I researched on it and I noticed that recently XRP even performed better than Bitcoin in percentage terms. That tells me buyers are slowly stepping back into the market.
For this recovery to continue XRP will have to stay above 1.45 to 1.41. This area is very important because if it holds then momentum can stay positive. Below that 1.35 is a stronger support where buyers have reacted before. The most critical long term floor is still between 1.11 and 1.15. If price goes back there then the whole recovery idea becomes weak.
On the upside XRP is testing resistance around 1.50 to 1.53. If it clearly breaks and holds above this zone with strong volume it will have more confidence from traders. Some analysts I studied suggest waiting for a daily close above 1.61 for a stronger signal that price can move straight up. If that happens then targets like 1.63 to 1.67 can come first. After that 1.82 to 2.02 becomes possible. The big psychological level many people are watching is 1.80.
I have also seen that risk management is very important here. In this kind of volatile phase I never think about profit without thinking about protection. Many traders keep a stop below 1.40 or 1.35 so that if the market turns again their capital stays safe. In my experience risking more than 2 percent of total capital on one trade is not smart.
The RSI is moving between 32 and 52 which shows it was oversold and now it has room to grow. So right now XRP is in a recovery stage but it still needs to prove strength by breaking higher resistance levels. If it succeeds this rally can become bigger. If it fails and drops under 1.11 then the bearish trend may continue again. This is how I understand the current situation after studying the chart and market data carefully.
