XRP’s latest breakout attempt appears to be losing steam bulls struggling to sustain the price action above the key resistance zone around $1.45. The rejection has pushed XRP back into a key support area, despite continued bullish developments around Ripple and the XRPL ecosystem.
Failing to hold resistance above $1.45
In a recent one analysisCrypto analyst EllaWeb3 noted that XRP struggled to maintain momentum above the $1.45 level and has since drifted back toward the same breakout zone that traders had been closely watching during recent sessions. The rejection of near resistance has slowed the bullish momentum and put the market back into a wait-and-see mode.
What makes the situation more remarkable is that the pullback occurred despite Ripple continuing to expand institutional tokenization use cases on the XRPL network. Big names like JPMorgan, Mastercard and Ondo are reportedly involved in this move. Still, the market seems to be reacting more to the technical structure than to bullish headlines.
Right now, traders are keeping a close eye on several key price levels. The $1.40–$1.41 range currently acts as the primary support zone, while the $1.45–$1.47 zone continues to limit upside attempts. Momentum weakened significantly after the rejection near $1.45, and weaker than usual liquidity conditions could lead to sharper price swings in either direction.
While the broader setup has not yet been completely broken down, XRP has returned to an area where the market is once again looking for confirmation. A successful recapture of the higher end could quickly improve sentiment. However, if support levels start to fail, confidence in the breakout story can quickly fade.
XRP continues to lag behind Bitcoin’s recovery
According to More Crypto Online, XRP continues to trade sideways even as Bitcoin has already produced stronger B-wave rallies during the current market phase. Viewed from a higher time frame, the overall structure has not changed significantly.
The current price action continues to appear corrective and could still unfold as part of a broader ABC pattern. Instead of exhibiting impulsive upward behavior, XRP appears to be developing a B-wave range.
Currently, the key local range between $1.22 and $1.55 remains the key support and resistance zone. As long as XRP remains stuck within this region, the market structure will continue to favor a corrective outlook over a bullish one. From the Elliott Wave point of view, there is still no convincing evidence that XRP has started an immediate impulsive advance to new all-time highs.
The broader structure still leaves room for another C-wave decline in the larger support area between around $0.98 and $0.48. At the same time, a temporary rally towards the red resistance area between $1.78 and $2.87 remains possible and would still fit within a larger corrective B-wave scenario. For now, momentum remains the main issue for bulls as XRP continues to battle for a decisive breakout while Bitcoin trades near major resistance levels.