Analyst identifies $1.25 as a potential buying level for XRP, with rebound targets at $1.42 and $1.60 if support holds. XRP’s RSI is at 30.20 and its negative MACD signals persistent selling
XRP could fall toward $1.25 before attempting a rebound to $1.42 or $1.60, according to analyst Ali Charts. The token traded near $1.3059 on the four-hour Binance chart, with bearish momentum persisting after its September rally. Meanwhile, Ripple congratulated Evernorth on its Nasdaq debut, highlighting the company's role in the XRP ecosystem.
Ali Charts said XRP appears to be trading within a parallel channel on the hourly chart. The analyst identified the channel's lower boundary near $1.25 as a potential buying opportunity. A rebound from that level could lift XRP toward the channel's midpoint at $1.42.
A stronger recovery could then target the upper boundary near $1.60. However, XRP's four-hour price action continues to show selling pressure. The token rallied to approximately $1.62 around September 22–23 before reversing into a sequence of lower highs and declining prices.
The recent breakdown below the 1.40–1.42 region pushed XRP toward support between $1.29 and $1.30. A sustained move below that zone could expose $1.25, while recovery above $1.35 could improve short-term momentum.
XRP traded at $1.3059, up 0.15% on the latest four-hour candle. That candle opened at $1.3038, reached $1.3267, and fell to $1.2913, with trading volume at 25.23 million XRP.
Source: TradingView
The Relative Strength Index stood at 30.20, below its signal average of 38.99. This places the indicator near the conventional oversold threshold, although that condition does not guarantee an immediate recovery.
The MACD line measured approximately -0.0223, below the signal line at -0.0169. Its histogram stood at -0.0054, while both lines remained below zero, indicating continued downward momentum.
Separately, Ripple congratulated Evernorth on its Nasdaq debut. The company described the listing as a milestone for the XRP ecosystem.
https://twitter.com/Ripple/status/2110483668124971087?s=20Ripple said Evernorth puts XRP to work through institutional strategies and can expand alongside the network as new capabilities emerge. The statement did not provide further details about Evernorth's debut.
