[Analysis] "XRP rebounded from $1.10, but the bearish structure remains intact…$1.80 is the key inflection point"

XRP has staged a strong rebound around the $1.10 level, but analysis suggests the medium- to long-term bearish structure remains intact.

According to CryptoPotato on the 16th (local time), XRP, on the daily chart, managed to rebound as buying flowed into the key demand zone of $1.10 to $1.20. In particular, the $1.15 area is a pivotal level where support has been confirmed even on medium- to long-term charts, and this rebound has reaffirmed the validity of that support line.

However, the current price is approaching the $1.75 to $1.85 zone—an area that aligns with the channel’s midline trendline and a former support level. This zone is where support broke during the prior downturn and subsequently flipped into resistance. The outlet said, "If it fails to clearly break above $1.85 on a daily close basis, the broader move can still be seen as a corrective rebound within a downtrend," adding, "Conversely, if it succeeds in breaking above $1.85, room could open for further gains toward the key supply zone of $2.40 to $2.50."

On the 4-hour chart, the short-term recovery is more pronounced, the outlet said. After breaking above the short-term supply band of $1.50 to $1.55, XRP rose into the $1.65 to $1.80 range, but was pushed back as it met resistance there. Going forward, if it forms a support base above $1.55 and establishes a $1.55 to $1.70 range, another attempt to break back above $1.80 could follow. If it fails to hold $1.55, however, a retest of $1.30—and even the key demand zone at $1.15—cannot be ruled out.

Meanwhile, XRP is currently trading at $1.46 on CoinMarketCap, down about 11% from the previous day.