XRP rebounded to around $1.31, flashing its first buy signal since September.

U.Today, a blockchain media outlet, reported on Oct. 19 that XRP closed higher on the day and signalled its first rebound within a downtrend that has continued throughout October.

XRP has faced downward pressure for most of October. Its price fell to lows around $1.55 to $1.25, and rebound attempts did not last long. With a higher daily close now confirmed on the chart, whether selling pressure is easing has emerged as a key near-term variable.

Technically, the $1.25 to $1.30 range appears to be acting as short-term support. XRP dipped into that zone and quickly recovered, leaving a long lower wick on the candle. This is interpreted as a sign that buying flowed in at that price area and absorbed selling. The same zone acted as support in September before XRP surged to $1.65.

The next key test is whether it can break through resistance around $1.33. XRP needs to form a daily close above that level to confirm the strength of the rebound. After that, the $1.37 to $1.38 area is seen as a strong resistance zone, with several moving averages overlapping there. XRP also failed to settle above that zone during the previous down leg.

Momentum indicators are also still sending cautious signals. The relative strength index (RSI) is around 40, making it hard to view conditions as oversold. For the rebound to turn into an actual recovery, trading volume on up days needs to increase.

In the short term, a move above $1.33 is seen as the first level to confirm. If it clears that zone, $1.38 is suggested as the next target, followed by $1.45. If the $1.25 support breaks, the rebound could be seen as having failed. In that case, XRP could again be pushed down into levels below $1.20.

So far, the broader trend remains closer to a downtrend. Still, with an upward signal appearing for the first time in weeks, the daily candles formed over the next few days are expected to determine whether this move marks the start of a trend reversal or only a temporary rebound before further declines.