XRP News Update: XRP Holds Critical Weekly Support as Long-Term Resistance Flips

XRP traded near $1.89 on December 29, 2025, as weekly chart data pointed to a critical test of long-term technical structure. The XRP/USD chart shared on X by analyst Matt Hughes spans price behavior from 2017 through projected levels into 2026 using Bitstamp data. Price now sits on a diagonal level that capped prior bull cycles, placing current action at a structurally important zone.

The weekly candle opened near $1.86 and reached highs close to $1.90, posting a gain of roughly 1.4% for the week. This positioning has placed XRP directly on a diagonal structure that previously rejected prices. The setup is different from past cycles because the price now holds above that level rather than trading below it.

Downward-curving cyan arcs now dominate the chart and stretch across XRP’s full trading history.
These arcs capped major cycle peaks in 2018 and 2021, with visible rejection points marked by black downward arrows. Each prior interaction led to extended consolidation or downside before trend continuation.

Former Resistance Levels Begin Acting as Support

The current zone appears marked by a black upward arrow, signaling a possible transition from resistance to support. In earlier cycles, XRP failed quickly after touching similar arcs.
This time, the price compresses near the level instead of breaking lower.

Rising green trend lines form an ascending channel that started after the 2022 lows. That channel extends through 2024 and 2025, with XRP remaining above its lower boundary.
The upper boundary projects higher into 2026, leaving room for further trend development.

Blue and purple diagonal lines from 2017 reflect early steep growth phases. Those legacy trend lines now sit far below current price levels. Their distance illustrates how XRP has shifted away from early parabolic moves into a slower structural trend.

An orange vertical time marker near mid-2025 aligns with the rally peak above $3.00. That same marker signals the start of the current pullback phase. Orange curved lines beneath price track long-term downside paths that now sit well below current levels.

On-Chain Supply Tightens as Price Compresses

On-chain data adds another layer to the technical setup. Glassnode data tracking XRP balances on exchanges shows a steady decline throughout 2025. Earlier in the year, centralized exchanges held roughly 4 billion XRP.

Balances also fell consistently, and the sharpest drop occurred during the fourth quarter. Exchange-held XRP now at around 1.5 billion tokens. This figure ranks among the lowest levels seen in recent years.

The decline happened even as the XRP price trended lower from mid-2025 highs. Some holders moved tokens into longer-term custody during the downturn. Lower exchange balances reduce immediate sell availability during periods of rising demand.

Meanwhile, crypto analyst Steph Is Crypto has shared that XRP rests on a key horizontal weekly support. Price now compresses between $1.90 and $2.00 after falling from highs near $3.50.
That range previously acted as a launch area earlier in the cycle.

The weekly Stochastic RSI also moved into the extreme oversold zone. This indicator shows that selling pressure has been significantly reduced, and it is now time for the bulls to take over. With the price getting tighter and supply diminishing, would XRP be able to hold this support area as the longer-term levels accumulate?  

Also Read: XRP Price Warns of Potential Breakdown as Structure Turns Bearish

Conclusion

The XRP weekly chart indicates that the price is stable around $1.90 because the previous resistance level aligns with the rising trendline support. Exchange balances are still declining, and momentum indicators are being reset. This setup places XRP in a technically crucial area where the structure, supply, and long-term levels all converge.