XRPUSDT is trading around 1.415 USDT, maintaining an ascending channel structure on the 1-hour (H1) chart. Following a strong rebound from the 1.30 level, the price remains above the EMA34 (near 1.40) and EMA89 (near 1.384), indicating that buyers retain the short-term advantage.
The 1.38–1.41 zone is a key support area I am monitoring. If XRP undergoes a pullback but holds this region and continues to form a "higher low," the likelihood of a return to the 1.44–1.45 range increases. A decisive breakout above this zone could pave the way for a primary target near 1.50 USDT.
Today's market context supports a recovery scenario, as Asian stock markets rise and oil prices cool, stabilizing risk-on sentiment. Additionally, XRP has seen capital inflows returning to spot ETFs and improved liquidity, providing a solid foundation for a rebound—provided the support level holds.
The bullish scenario would weaken if XRP decisively loses the 1.38 level, particularly if it breaks below the lower boundary of the ascending channel..
