XRP is moving inside a downward-sloping channel on the one-hour chart, according to analysis from TradingView on February 28. The pattern reflects a cooling phase after the earlier rally that pushed the price close to the $1.46–$1.50 zone.
During the recent fall, XRP reached the lower part of the range around $1.30-$1.31 and then rebounded sharply. This indicates that the traders are treating this region as a moving support level.
Source: TradingView
However, the chart pattern appears slightly bearish, with lower highs below the resistance of the channel, which is currently moving towards $1.38-$1.40.
The middle Bollinger Band, currently around $1.36-$1.38, is a checkpoint for the bulls. A strong close above this level may indicate a resumption of buying interest. If the price continues to reject the mid-level, the recent rebound may be short-lived, and the bears may remain in control.
Momentum Signals Show Early Recovery
Momentum indicators are mixed but slightly positive. The Relative Strength Index is again in the mid-50s after falling below 40.
This indicates that buying interest is slowly returning, although the trend is not strong yet. The Moving Average Convergence Divergence indicator indicates a small positive crossover.
Source: TradingView
The presence of positive histogram bars indicates that bullish momentum is building, although the bars are small. Traders are also closely watching volume, as prices that move without strong volume tend to be short-lived.
Also Read: XRP Price Analysis: Gravestone Doji Warning Emerges as $1.65
XRP Long-Term Triangle Structure Hints at Expansion Phase
According to analyst EGRAG CRYPTO, the current market cycle may be a painful accumulation phase where one has to wait before a large price increase.
On the monthly chart, XRP appears to be emerging from a multi-year squeeze that began after the 2018 peak. The symmetrical triangle indicated a balance of buyers and sellers, with decreasing volatility.
A breakout above the upper trend line in the 2024-2025 period indicated a structural change towards growth. The key psychological level of support is currently around $1.30.
Source: X
A close above this level would keep the breakout hypothesis intact and help accumulation through retracement. Below this area is a stronger safety cushion around $0.80, which is known as the stress test area.
At the same time, the strong resistance area between $3 and $5 is like a gateway to a higher-timeframe expansion phase.
If the monthly momentum increases and the price continues to form higher lows, the long-term targets may reach $9, $13, $17, and beyond, depending on the strength of the cycle.
Also Read: XRP Price Prediction 2026-2032: Will XRP Reach $5?