XRP is trading within a tight range despite the rise in the entire cryptocurrency market. The token has been unable to rise above the key resistance area while trading activity remains low compared to the recent rise witnessed in Bitcoin and Ethereum. 

Bitcoin has risen above the $70,000 mark in the recent past. This indicates that the market is gaining momentum. Ethereum has also gone above the $2,000 mark in the recent past. However, XRP has remained below the $1.45 to $1.48 resistance area.

As of writing, XRP is trading at $1.41, marking a 2.34% rise in a day. The trading volume currently stands at $2.21 billion, down 3.69%. Over the last week, the XRP coin price has increased by 0.58%, according to CoinMarketCap.

Source: CoinMarketCap

XRP Approaches Key Confluence Region

Analyst Egrag Crypto pointed out the long-term price structure of the token. The coin has been respecting the rising trendline since the breakout seen in 2017. The asset’s strong growth periods have been followed by a descending pattern. 

This pattern has repeated multiple times. The asset is now approaching a technical confluence region. This region receives significant market attention due to the overlapping indicators. 

The analyst identified a region where the asset may have bottomed out. This region ranges from $0.95 to $0.80. This region contains a number of technical indicators that may serve as a support region. These indicators are the compression of the 21 EMA, 50 EMA, and 100 EMA indicators.

Source: X

The same region also corresponds to the macro ascending trendline that has controlled price movements over the years. There are historical liquidity zones in the same region. Analysts usually watch this region if there are converging structures that indicate a macro bottom.

The analysis indicates that there is a need for time before the expansion begins. There might be further compression in the market before the expansion begins.

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XRP Must Reclaim Key Levels to Trigger Expansion

If the historical rhythm holds intact, then the bottoming out could be in the second or third quarter of 2026. For a new expansion phase to begin, several levels have to be taken out by XRP.

The first sign would be an upward move above the 21 EMA. The second step would be to break the descending corrective structure. After that, the key level highlighted by the analyst sits at $2.20.

However, another analyst, XForceGlobal, mentioned a more bullish target for XRP. The analyst noted that XRP can target even higher prices above $4. The bulls are in control as long as the price is above $0.90.

The price of $0.90 is the main demand zone identified within an expanded flat structure. Two possible scenarios are under discussion. The market can have a protected low or one more move downwards.

Source: X

Volume and Open Interest Record Gains

CoinGlass data shows an increase in the derivatives market. The volumes have increased by 4.41% to $3.50 billion. The open interest also rose by 3.64% to $2.52 billion. The XRP OI-weighted funding rate is 0.0041%, reflecting a slight positive bias in futures markets.

Source: CoinGlass

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

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