Why $1.77 support level traders can not ignore
Crypto writer
Arslan Butt
Crypto writer
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XRP is currently trading around $1.85, which tells us something important: this is no longer about getting into a conversation or an attention-grabbing story. It's about what's on the structure. The price action has stopped since the $2.11 retracement, and now that XRP is at a technical crossroads, the next move could set the tone for the next few weeks.
Right now, XRP has a market capitalization of about $111.9 billion — placing it at number five among all cryptos — and a daily trading volume of about $1.53 billion, so that volatile participation isn't for sale. We like this kind of stability – especially when XRP has to navigate a tight technical range.
XRP Price Prediction: A descending channel keeps XRP contained
Looking at the 4-hour chart, XRP's price forecast looks weak as it is still stuck in a descending channel, which has had a series of low highs since that $2.11 peak, and no matter how hard it tries, every recovery is pushed back by the resistance of the falling trend.
Meanwhile, the 50-EMA is sitting at $1.88 and the 100-EMA is at $1.92. At the same time, the decline is not a wild, emotional free-fall, which suggests that it is still possible to think about distribution rather than total and complete collapse.
You can see that the price is still below the 50-EMA at $1.88 and the 100-EMA around $1.92, which reinforces some caution for the short term. But – and this is a big but – sellers have not yet been able to force a sustained breakdown, which suggests that the downward pressure is starting to ease a bit instead of intensifying.
Candlesticks and RSI Signal Congestion
Looking at the candlesticks, you can see that we are mostly looking at smaller bodies, rolling tops and doji-like formations – and this speaks volumes for the hesitancy we are seeing right now. No one – at least, not yet – has really gained a clear upper hand.
With the RSI hovering around the low 40s, you can see that we're not seeing any sharp upward or downward movement – it's just stable. And it's also worth noting – and this is a big positive – that we're not seeing any depression variation, which would reduce the likelihood of a sharp, sudden dip. Instead, XRP is squeezing near the support level.
Key steps that determine the next move
So, to summarize where we are now, the technical roadmap is fairly clear:
The biggest resistance zone is currently at $1.88–$1.92, if we can break above $1.92 we have got the green light to go higher – and the targets will be $1.96, then $2.05–$2.10. The support is below $1.77 and if that support starts to fail and we drop below $1.65 the downside risk will start.
As long as that support at $1.77 holds, we're still in a consolidation phase — and we're not bearing the brunt of a breakout.
If we can break through $1.92, this appears to shift momentum to buyers – and opens the door for another run to $2.05–$2.10. In the meantime, waiting patiently for what happens next is probably the smartest move.
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