Market commentator Amonyx believes XRP’s current structure may still allow for a rebound despite the asset remaining below its key simple moving average. Over the past 24 hours, the token had declined by 10.65% to a price of around $1.58 . This decline in price highlights broader ongoing difficulties for the asset, as it continues to mirror the negative performance from the previous year, recording a 43.39% decline in the past 12 months alone. Despite the price fluctuations, derivatives data suggest that many traders remain optimistic. Long-to-short ratios across several exchanges continue to favor bullish positioning, especially on Binance and OKX, where long positions are more than shorts by over 2.5 to one. Regardless, XRP’s price has yet to overcome key resistance areas, keeping market participants cautious as they weigh the likelihood of a rebound against the risk of additional downside. Are you ready for the next move? #XRP pic.twitter.com/HHl6Vl2sx6 — Amonyx (@amonyx) January 29, 2026 Resistance Levels According to the 4-hour chart, the asset is trading below its 9-period simple moving average, currently positioned near the $1.58, with a key resistance level at $1.80. The token continues to face pushback at this level, reflecting sustained selling pressure. Remaining below this position could trigger further declines. On the other hand, a decisive move above it could be the start of a bullish momentum. Technical Indicators The Awesome Oscillator (AO) currently reads -0.0900, indicating ongoing bearish momentum. The presence of red histogram bars shows that selling pressure is currently dominant. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 For a potential bullish reversal to happen, traders would be looking for a sustained price move above the key SMA and a shift in the AO from negative to positive territory. Both would indicate that buying momentum is starting to outweigh selling pressure. On the commentary side, according to the chart posted on X by Amonyx, XRP is trading within a descending triangle, with a downward-sloping trendline forming resistance and support holding near the lower boundary. This consolidation zone suggests the token is being contained between these levels, preventing a decisive breakout in either direction. A move above the trendline could indicate the beginning of upward momentum, while a break below support might trigger increased selling pressure. Potential Price if Support Holds Amonyx believes that if the support holds, XRP’s price could increase. For this to happen, the price will have to break above the descending trendline. If all goes as expected, the token’s price could potentially rise above $4.60. XRP continues to experience downward pressure, but a break above the descending trendline could trigger a price surge above $4. Monitoring these levels will be critical for understanding the next phase of XRP’s price action. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Ready to Move, Analyst Says “Are You Ready?” appeared first on Times Tabloid .
