XRP recorded a weekly gain of 7.53%, but momentum reversed sharply by the end of the period. The D’CENT wallet hack and the theft of XRP on Bitget have reignited investor distrust. In the short term, Ripple‘s token is trading within a range of $1.30 to $1.60, with no clear directional signal in sight.
XRP Technical Analysis: A Price Structure Under Pressure
The price of XRP is consolidating following its early-week rally. The $1.60 zone represents the key resistance level to watch: it is precisely at this level that sellers regained control, triggering a significant retracement. Below that, critical support sits at $1.30, a floor that has already absorbed several waves of selling pressure.
On the indicators side, the RSI is showing signs of exhaustion after brushing the overbought zone at the weekly peak. The MACD is initiating a bearish crossover on the daily chart, which increases the likelihood of a further correction phase before any structural rebound. Bearish pressure remains dominant as long as XRP fails to close above $1.60 on the daily timeframe.
The security incidents — the D’CENT wallet hack and the XRP stolen on Bitget — add a layer of negative sentiment that is difficult to quantify but very real. These types of events weigh on retail holder confidence and can amplify selling moves in the short term.
Bullish and Bearish Scenarios: Two Possible Trajectories
The bullish scenario hinges on a recovery above $1.60 with confirmed volume. A validated breakout at this level would open the door to more ambitious targets, potentially in the direction of the historical ATH. For this scenario to materialize, risk appetite would need to return across the broader crypto market, combined with a swift resolution of the concerns surrounding the recent security incidents.
The bearish scenario remains the most likely in the short term. If the $1.30 support gives way under selling pressure, XRP could accelerate its correction toward lower levels. Market sentiment, already fragile following the recent hacks, could amplify this move. Traders should closely monitor volume during any test of this floor: heavy selling volume would confirm the breakdown.
Verdict: XRP Remains Range-Bound — The Decision Plays Out at $1.60
In the short term, XRP is expected to continue trading between $1.30 and $1.60, in a post-rally consolidation phase. The direction of the next directional move largely depends on whether buyers can reclaim control above the $1.60 resistance. Without that signal, bearish pressure remains structurally dominant.
The recent security incidents represent an additional risk factor that could delay any localized bull run for XRP. The technical indicators — a retreating RSI and a bearish MACD — both argue for caution. The next bullish catalyst will need to be both technical and fundamental in nature to durably reverse the trend.
