XRP Price Holds Support After Selloff as On-Chain Data Shows Reduced Downside Risk

The post XRP Price Holds Support After Selloff as On-Chain Data Shows Reduced Downside Risk appeared first on Coinpedia Fintech News

XRP price started today’s session under heavy pressure, sliding close to 5% lower amid broad crypto market weakness. However, as the day passed, the selling momentum faded, with price beginning to recover steadily, trimming losses to roughly –2% by mid-session. This rebound was not driven by a sudden spike in volume or speculative momentum. Instead, buying interest emerged gradually near lower levels, suggesting measured dip accumulation rather than forced short covering. 

The absence of follow-through selling indicates that downside pressure is being absorbed, even as broader sentiment remains cautious. While XRP has not confirmed a trend reversal, the intraday recovery highlights a shift from aggressive selling to price stabilization, often seen when markets enter a reassessment phase.

On-Chain Metrics Signal a Market in Balance, Not Breakdown

On-chain metrics shows that XRP continues to trade well below its 200-day moving average, with price hovering near the $1

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XRP Price Rebounds Highlights Buyer Accumulation at Key Levels

XRP’s price action tells a more nuanced story than the headline selloff suggests. The session began with downside continuation, pushing XRP close to –5% intraday and briefly threatening to extend the broader corrective structure that has defined recent weeks. XRP price action trading close to a well-defined demand zone that has capped downside attempts since late January. As price dipped into this region, sell-side momentum visibly weakened, and buying interest emerged almost immediately. This allowed XRP to reclaim lost ground and recover toward –2% on the day, signaling active dip-buying rather than passive consolidation.

Structurally, XRP remains below its longer-term trend markers, meaning the broader bias is still corrective rather than bullish. The chart continues to reflect a descending structure, with lower highs guiding price action since the breakdown. The $1.70–$1.80 region remains the key level to watch. A sustained hold above this zone keeps XRP in a base-building phase, opening the door for a relief bounce toward nearby resistance if broader market conditions cooperate. Conversely, a clean breakdown below the $1.40-$1.60 area would invalidate the intraday recovery and expose XRP to renewed downside pressure.

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