XRP Slips Back Below Wedge Resistance After Failed Breakout

XRP is trading near $1.76 on the XRP/USDT 4-hour chart, following a sharp rejection that invalidated a recent upside breakout attempt.

Price briefly pushed above descending resistance before quickly rotating lower, signaling a lack of acceptance at higher levels and reinforcing broader structural weakness.

This moment is structurally important because XRP is once again trading beneath a long-standing resistance framework. The failure to hold above it shifts focus back to downside risk and raises questions about whether current support can continue to absorb selling pressure.

Short-Term Price Action

On the 4-hour timeframe, XRP attempted to break above a descending wedge structure but failed to sustain the move. The rejection occurred quickly, with price slipping back below the resistance trendline and returning into the prior range. The speed of this reversal suggests supply remains active on rallies, limiting upside follow-through.

Immediate support is visible around $1.72–$1.75, where price is currently stabilizing after the rejection. This zone has acted as a reaction area during recent pullbacks, but repeated tests reduce its effectiveness over time. A clean hold here would require reduced volatility and signs of stabilization.

On the upside, resistance sits near $1.85–$1.90, aligned with the descending wedge resistance and the level that triggered the failed breakout. As long as price remains below this zone, upside moves are likely to be corrective rather than trend-shifting.

Volume increased during the rejection phase, highlighting that sellers were willing to engage aggressively once price moved into resistance, reinforcing the idea of distribution rather than breakout continuation.

Justin Sun Says TRON Will Add Bitcoin to Network Reserves

Higher-Timeframe Structure

A higher-timeframe chart shared by crypto trader GainMuse shows XRP trading within a broader descending triangle structure, with price continuing to respect a declining resistance trendline. The recent upside move is marked as a fake break, followed by a swift return below resistance, leaving the larger pattern intact.

Importantly, the chart highlights a rising support line that price is now interacting with again. As long as XRP remains capped beneath the main resistance trendline, the structure favors downside continuation, with the path of least resistance remaining lower. The failed breakout reinforces bearish structural control rather than signaling accumulation.

Justin Sun Says TRON Will Add Bitcoin to Network Reserves

Scenarios and Risk

• Stabilization scenario:
  For XRP to reduce immediate downside pressure, price would need to hold $1.72–$1.75 and gradually reclaim $1.85, showing acceptance back above wedge resistance. Without that reclaim, upside attempts lack structural confirmation.
• Bearish continuation scenario:
• A sustained break below $1.72, followed by acceptance under $1.70, would weaken the current support framework. In that case, downside risk would open toward the next visible support zone near $1.60–$1.65, aligned with the lower boundary of the broader triangle.

Takeaway

XRP’s recent fake breakout reinforces a market structure still dominated by sellers, with rallies continuing to meet supply at well-defined resistance. While short-term stabilization is possible, confirmation remains absent as long as price trades below descending resistance. For now, structure favors caution, with downside risk persisting unless the market proves otherwise through acceptance, not attempts.

The post XRP Slips Back Below Wedge Resistance After Failed Breakout appeared first on ETHNews.