XRP has bounced sharply from high time-frame support after tapping key liquidity levels. But without a strong defense of the $2.09 zone, this recovery risks turning into another failed rally. After a multi-day correction, Ripple ( XRP ) printed a strong, impulsive rally that reclaimed lost ground and pushed back above several important support levels. Price tapped directly into the $1.92 high time-frame support, a zone situated just below the value area low of the current trading range. This region had built up significant liquidity, which was tapped before the rebound. Now, XRP is trading above the point of control and is holding just above another critical support zone near $2.09. Key technical points Key Liquidity Tap: Price bounced directly off $1.92 support, below the value area low. Point of Control Reclaimed: XRP now trades above the POC of the current range. Crucial Support at $2.09: Must hold to confirm bullish continuation and avoid deeper breakdown. XRPUSDT (1D) Chart, Source: TradingView The initial dip into the $1.92 zone appears to have been a classic liquidity sweep. That area sat just beneath the value area low, meaning it was a prime target for stop hunts and a bounce. Price action did exactly that: sweeping the liquidity and bouncing strongly into the range. This reaction signals that buyers were waiting in that zone, ready to defend. Currently, XRP is trading above the point of control, which suggests the bulk of recent volume is now below price. This is a favorable sign for bulls, but the key level that must hold is $2.09. That level has acted as a support pivot in previous sessions and is now the line in the sand for bulls to defend. A close below this region would risk turning the current bounce into a short squeeze trap—one that leads to further downside and invalidates the recovery. You might also like: How XRP holders are earning passive income through RichMiner cloud mining It’s also worth noting that overall volume remains weak, which suggests the move may not be entirely conviction-driven. A sustained push higher would require stronger volume to confirm genuine buying pressure. Until that happens, price may continue to rotate between high time-frame levels, offering range-trading setups rather than breakout trends. What to expect in the coming price action XRP needs to hold above $2.09 to validate the recent bounce and maintain bullish structure. Failure to do so increases the risk of a deeper move below $1.92. If support holds and volume steps in, the path back toward resistance at $2.28 opens. Until then, expect continued rotation within the range, offering short-term trading setups for both bulls and bears. Read more: Neo Pepe Coin crowned promising memecoin after $2m presale wows crypto investors
