XRP Price Bounces From $1.55–$1.60 Demand Zone After Downtrend

2026-02-04 12:17:37

⬤ XRP just bounced back after hitting a solid demand zone around $1.55–$1.60—the same spot where buyers showed up before during the recent downtrend. The chart shows price pushing higher from this level after weeks of declining momentum. Buyers stepped in again within this range, sparking a short-term bounce that broke the recent bearish pattern.

⬤ Before the bounce, XRP had been in a clear downtrend through late 2025 into early 2026, making lower highs and lower lows. Selling pressure started fading as price neared the $1.55–$1.60 zone, where demand had previously absorbed the downside. The reaction here suggests sellers couldn’t push lower this time around, leading to stabilization instead of continued decline.

⬤ With support now confirmed at $1.55–$1.60, the focus shifts to overhead resistance. First up is the $1.93 level, followed by zones around $2.20 and $2.65. These are spots where XRP previously stalled or reversed, making them important levels to watch as price tries to recover from recent lows.

⬤ This bounce matters because it shows the $1.55–$1.60 demand zone is still holding. Staying above this range keeps short-term stability intact after the recent pullback. A break below could bring back downside pressure. The clear resistance structure gives a roadmap for judging how strong any recovery might be. How XRP trades between these support and resistance levels will determine near-term sentiment and whether this bounce can turn into something bigger.

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