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The current $XRP chart points to incoming volatility, with the possibility of a push to the upside or steeper declines to lower levels.
While $XRP has continued to struggle over the past few weeks, the market appears to have stabilized. For instance, over the past 24 hours, the $XRP price has traded within a narrow range of $1.87 to $1.94, now gravitating toward the lower end as it trades for $1.88 at press time.
However, while the price has stabilized lately, recent chart data points to a potential spike in volatility, which could negate the newfound stability, as $XRP retests the resistance of a multi-week trendline that has guided its price action since Jan. 26. Whether this volatility leads to upswings or further declines remains unclear.
Key Points
- $XRP recently found some stability after weeks of heightened price swings, which led to considerable losses.
- However, this period of stability could be short-lived, as market data points to a potential return of heightened volatility.
- $XRP now retests the resistance around a multi-week trendline, and its reaction to this retest could lead to increased price swings either to the upside or downside.
- In its bull case, $XRP would need to break above the $2.1 resistance, while the bear case would push prices toward the $1.80 support level.
$XRP Looking to Stabilize After Tumultuous Period
This structure was identified by the analyst behind the Whale Factor X analytical account, who suggests that the newfound volatility may soon dry out. For context, $XRP saw rapid price swings in what was a tumultuous period from Jan. 6 to 25. Within this period, it collapsed 25% from $2.41 to a low of $1.8088.
$XRP immediately recovered from this floor, and has since stabilized around the upper end of the $1.8 mark, currently trading for $1.88. Since the recovery, $XRP appears to have found some stability as the bulls and bears hit equilibrium, with the market awaiting a decisive push from either side.
Volatility Incoming
Interestingly, the Whale Factor analyst believes this push could play out sooner than most expect. He called attention to a multi-week descending trendline on the 6-hour chart that had stifled $XRP’s growth prospect since Jan. 6. For context, this trendline emerged after $XRP dropped from the $2.41 peak, leading to a sequence of lower highs.
$XRP eventually broke above the trendline this week, when it soared to a high of $1.94 on Monday. However, with the mild pullback from this high, it now appears to be retesting the trendline resistance. This is a natural reaction to a trendline breakout, as the market often triggers a pullback to retest the breakout for strength.
According to the Whale Factor analyst, what comes next after this retest is heightened volatility. Notably, whether $XRP drops back below the trendline or establishes strength and recovers fully, the next direction could come with a spike in volatility to either side.
$XRP Price Levels to Watch
Speaking further, the analyst pointed out two important areas investors should watch as the volatility looms. On the downside, $XRP could find support around $1.8, which acted as an important cushion during the steep decline on Sunday, Jan. 25. This area has consistently hedged against lower drops since late 2025.
Meanwhile, on the upside, $XRP could face resistance at the $2.1 mark, which capped the previous rally effort two weeks back. The analyst expects the breakout to lead to this level. However, if $XRP manages to breach it, the next Fibonacci level of interest sits at $2.2, aligning with the 38.2% retracement.