XRP price has increased by 20% in the past 24 hours to a deal price of $1.67.

XRP price fluctuates violently: after soaring by 20% within 24 hours, it will fall back. Can it regain its rise?

XRP prices have experienced roller coaster trends in the past 24 hours. First, it rose 20%, trading volume surged 326% to $9.34 billion, and then fell 20%, falling to $1.67 as of 3:30 am ET. This fluctuation is related to market concerns caused by global trade tariffs, reminiscent of "Black Monday" in 1987.

Can XRP reverse the decline?

The XRP/USDT daily chart shows that XRP price fluctuates in the range of $0.55 to $0.75 for a long time, which may become the basis for future price breakthroughs. In November 2024, after XRP broke through $0.75, the price soared to nearly $3.85, but since the beginning of 2025, the price has been running in a clear downward channel, showing a series of lower highs and lower lows. The bottom of the channel has fallen from $3.50 to around $1.69 now.

Currently, XRP price is in the key support area of ​​$1.60 to $1.85, which was a breakthrough point in the late 2024 uptrend. If this support level is held, a rebound may occur. The upper resistance levels are at $2.00, $2.25 and $2.50 respectively, with the main resistance levels near the top of the channel, at about $3.50.

However, if support levels fall, the price may fall below $0.50, further down.

In terms of technical indicators, the Relative Strength Index (RSI) is currently 31.33, close to the oversold area, implying that the selling pressure may be reduced and the buyer's intervention may trigger a rebound. The combination of RSI levels with strong support zones increases the possibility of a short-term rebound.

But without strong bullish trading volume or a broader market recovery, the upside may still be limited by the mid-section or lower resistance levels of the channel.

All in all, XRP is at a critical turning point, and future trends will determine whether it rebounds and tries to break through the downward channel or continues to fall to a lower support area.

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