XRP Holds Above $2.32 Support As Market Focus Shifts to Key Assembly Zone

XRP trades at $2.44, showing a 1.0% daily decline while maintaining structure above its critical $2.32 support level.

The $1.50 assembly area remains a pivotal accumulation zone that could influence XRP’s next major market phase.

Key resistance targets are identified at $3.8861, $4.6659, and $5.2548, marking important zones for potential price reactions.

The past 24 hours were marked by significant price pressure on the XRP that dropped by 1.0% and traded around $2.44. The recent action of the token follows several efforts of hovering above its short-term resistance point at $2.49. Although the temporary weakness is evident, the bigger technical chart indicates that XRP is consolidating in a specific framework, and traders are very keen on whether the token will be able to maintain the levels above the lower support level

The current retracement is a step of re-calibration after the volatility in the recent past and the focus has shifted towards the critical assembly area which is indicated on the weekly chart. The chart setup shows an identifiable assembly area around the $1.50 zone, suggesting potential market concentration if prices continue to soften

This level, historically associated with accumulation activity, reflects a region where price reactions have formed strong recoveries in the past. The latest pullback, however, has yet to breach this area, leaving market participants attentive to whether buying interest will strengthen at current levels.

Support Retest Near $2.32 as Market Adjusts

At the time of reporting, XRP’s short-term framework identifies $2.32 as the nearest support level, while the token trades slightly above it. Market data indicates a 24-hour range between $2.32 and $2.49, capturing a relatively narrow trading zone compared to previous sessions. The restricted movement highlights a phase of market adjustment as volume stabilizes after prior upward momentum.

Notably, the chart reveals that XRP’s broader trajectory remains positioned above its long-term accumulation base. This technical stance has become an important indicator for traders evaluating continuation patterns. The consistent retests of the $2.32 mark further underscore the area’s significance in maintaining short-term market equilibrium. Should this level hold, it may reinforce existing structural balance before the next directional shift.

Technical Levels Outline Possible Upside Targets

Beyond the immediate range, three significant resistance zones have been plotted on the weekly chart. These lie at $3.8861, $4.6659, and $5.2548, respectively. Each of these levels corresponds with previous market highs, reflecting potential reaction points if bullish momentum resumes.

The gradual spacing between these resistance marks signals incremental hurdles for any sustained price recovery. Furthermore, the extended outlook points to the $1.50 assembly area as the principal reference point for renewed activity, depending on future price action. Analysts monitoring XRP’s trend emphasize that maintaining stability above current support may define how the token behaves across the next market phase.

The sequence of these levels establishes a technical framework where market behavior remains confined between established zones. As trading continues near $2.44, XRP’s positioning within this defined corridor highlights a balanced yet cautious phase in its ongoing price development.