- Ripple price bounces from $1.2955 weekly lows to $1.342 amid 109% volume surge to $1.94B.
- The 15-minute chart shows a classic flush below $1.30, then a sharp V-up to $1.3670 high with a higher $1.34 floor forming.
- MACD bullish cross with green histogram backs upside; $1.3670 break eyes $1.42, $1.33 fail risks $1.25 retest.
Ripple price just made a recovery from its recent weekly lows of $1.2955 after a period of intense selling pressure. Over the last seven days, $XRP dipped nearly 7.6% and has found a strong bid. Currently, $XRP is trading at $1.3418, and the localized bounce shows a massive 109% surge in 24-hour trading volume, reaching $1.94 billion.
As global markets react to Iran’s “sign of respect” with the passing of 20 oil tankers through the Strait of Hormuz, and ongoing peace negotiations mentioned by the U.S. administration, risk appetite is returning to the crypto sector. For $XRP, this macro relief is providing the necessary tailwinds to challenge overhead resistance and stabilize its $82.28 billion market capitalization.
Ripple Price Chart Shows a V-Shaped Recovery
Ripple’s 15-minute price chart shows a classic liquidity sweep followed by a trend reversal. Earlier in the day, Ripple’s price plummeted to a low of $1.2953. The price drop flushed out late short-sellers and gathered liquidity from deep support zones. What followed was a textbook V-shaped recovery, as the buying volume took $XRP back up to a daily high of $1.3670.
Although the price faced a sharp rejection at that $1.3670 barrier, the price action then found a higher floor at the current $1.34 level. The new support suggests that the “smart money” is no longer waiting for sub-$1.30 entries. Instead, the market is currently consolidating within a tightening range, preparing for its next attempt to flip the $1.35 psychological resistance into a support floor.
Simultaneously, the MACD (Moving Average Convergence Divergence) indicator shows a bullish crossover on the short-term timeframes. The MACD line has crossed above the signal line, and the histogram is showing green bars. Simply put, the buying momentum is present and actively accelerating, showing the cause behind the 1.2% intraday gain.
Editor’s Note
Despite a 7.6% drop on the weekly, long-term “whales” have reportedly been buying $XRP in the $1.20 to $1.35 range. As the SEC and Ripple have officially moved past their appeals process, leaving the 2023 ruling intact, the focus has shifted entirely to institutional adoption and the potential for increased ETF inflows as the 2026 fiscal year progresses.
If Ripple can successfully break and close above the $1.3670 high on high volume, the next logical target is the $1.5 resistance zone. A reclaim of this level would effectively erase the weekly losses and signal a full trend reversal toward the monthly highs.
We can see a potential retest of the $1.2953 low if the asset fails to hold the $1.33 support level. A breakdown below that floor would potentially open the door for a slide toward the $1.25 area, especially if geopolitical headlines take a sudden negative turn.
Also Read: Shiba Inu Price Surges 5% on Whale Buying, Token Supply Tightens
