Ripple's XRP Finds Support at $1.22, Base Forming Near Demand Zone

⬤ Ripple’s XRP is settling into a consolidation phase right around a key support level after weeks of selling pressure. The token has bounced off the lower demand zone and started building a base instead of continuing its slide downward. On the daily XRP/USDT chart, price is holding above the dotted support line near $1.22, with bounces pushing toward the $1.43 pivot - a sign that buyers are showing up at this historically important demand area. Market watchers can track similar setups in XRP Price Holds Key Support Amid Pullback, which breaks down how these demand zones can halt declines.

⬤ The chart shows earlier consolidation periods before the selloff, including a long sideways pattern that came before the previous breakdown. Recently, XRP dropped toward that lower boundary, then found its footing above support, showing weaker downside momentum than earlier in the correction. The demand zone highlighted in blue captures this recent price compression, pointing to tighter action and possibly a slowdown in the prior downtrend. This pause near the range’s lower end stands out against the earlier aggressive selling and hints at a potential accumulation pattern, though overhead resistance is still in play. As one analyst noted, “The behavior around these defined levels will help clarify XRP’s trajectory heading into the next phase.”

⬤ Right now, the price action looks more like stabilization than a full reversal. The lack of follow-through selling and the rebound from the support band suggest short-term downside pressure is fading. Still, XRP needs to break through nearby resistance to really shift sentiment toward an upward move. For broader context on critical levels, check out Ripple Price Outlook: Resistance Levels Near $2.00 Key, which covers the pivot points impacting XRP’s next moves.

⬤ This matters because consolidation near strong demand zones often sets the stage for clearer directional decisions. If XRP keeps holding above established support and starts pushing past short-term resistance, it would signal that selling has dried up and the market might be ready to exit correction mode. If support fails, though, bearish pressure could return. Traders looking at longer-term patterns can explore XRP Technical Update: Consolidation Trends in Focus for insights on how these bases form before directional breakouts.