XRP faces a breakdown to $0.18 lows if sellers reject $0.21

For XRP, the immediate resistance sits at $0.21. Sellers have defended this level since early May, blocking most attempts to break higher. Reaching this target first requires clearing the 50-day moving average, and selling pressure throughout the week has prevented a clean break through that barrier. If both barriers fall, the 200-day moving average comes into play. Trader Cheds has flagged this zone as a critical level due to the violent selloffs that have occurred here repeatedly. He said he would short the position if prices reach the 200-day MA.

Technical signals on the four-hour chart offer some support for the near-term bounce. The relative strength index has turned upward, providing backing for prices hovering near $0.20. The support level appears intact, though sudden selling could erase the recent gains. A breach below $0.20 would likely trigger a decline toward $0.18 and $0.17. In the near term, traders will monitor price action around these levels to gauge the strength of the rally. The overall trend depends on whether Bitcoin can maintain its momentum and how sentiment moves across the wider market. How bulls handle the resistance levels over the next trading sessions will determine whether this recovery has legs.