Ripple’s XRP is approaching a technically important inflection point after rebounding sharply from its recent lows. The recovery has brought the price back to the upper boundary of its declining structure, where a confirmed breakout could shift short-term momentum further in favor of buyers.Ripple Price Analysis: The Daily ChartOn the daily timeframe, XRP continues to recover from the sharp August rally and subsequent consolidation. The asset is currently trading around $1.48, comfortably above the major moving averages shown on the chart.The recent correction found support near the 200-day moving average around $1.27-$1.28. Buyers responded aggressively from this region, preventing a deeper retracement and pushing XRP back toward the upper portion of its recent range.However, the major overhead supply zone remains considerably higher at $1.61-$1.70. This area marks the principal resistance that buyers would ultimately need to reclaim before a broader bullish continuation becomes more convincing.For now, holding above the $1.27-$1.30 region keeps the larger recovery structure intact. A renewed rejection and breakdown below this support would weaken the setup and could expose the lower moving average near $1.18, while the major demand zone around $0.93-$0.97 remains the deeper structural support.XRP/USDT 4-Hour ChartThe 4-hour timeframe highlights the immediate decision point more clearly. XRP has been trading within a descending channel, but the latest rebound from the $1.22-$1.28 demand zone has driven the price all the way back toward the channel’s upper boundary around $1.43-$1.45.Importantly, the recovery also reclaimed the $1.33-$1.36 zone, which had previously acted as a key short-term barrier. As long as the asset remains above this region, buyers retain control of the latest recovery leg.The next challenge is a confirmed breakout above the descending trendline. A sustained move beyond roughly $1.45 would invalidate the immediate bearish channel structure and could allow XRP to target the $1.51-$1.55 resistance zone. Beyond that, the larger $1.61-$1.65 supply region would become the next major objective.On the other hand, another rejection from the descending trendline would indicate that the corrective structure remains active. In that scenario, the reclaimed $1.33-$1.36 zone would be the first key support to watch. Losing it could shift attention back toward the major $1.22-$1.28 demand area, where the latest recovery originated.The post Ripple Price Analysis: XRP Approaches a Critical Breakout Level After 8% Daily Surge appeared first on CryptoPotato.