- XRP remains under selling pressure as buyers struggle to defend the $1.01 to $1.04 support zone.
- A breakdown below this level could push XRP toward $0.89, while a recovery requires a move above key resistance.
XRP continues to face selling pressure as buyers struggle to push the price above key resistance levels. After several failed rebounds, XRP is now testing a critical support zone that could determine whether it holds above $1 or moves lower.
Buyers are defending the $1.01 to $1.04 area, but repeated rejections have limited XRP’s recovery attempts and kept sellers in control.
XRP’s Price Stays Below Key Resistance
XRP remains below a descending resistance trendline on the daily chart, keeping the bearish setup intact. The price is also trading below major moving averages, showing that buyers have not yet taken control.
The latest rejection pushed XRP back toward the $1.01 to $1.04 support zone. This area has stopped deeper declines in recent weeks and remains the key level to watch.
A break below this support range could trigger another decline toward the next support level near $0.89. However, if buyers continue defending this zone, XRP could attempt another move toward higher resistance levels.
XRP Needs a Break Above $1.29 to Shift Direction
For XRP to challenge the current trend, buyers must first break above the descending resistance line. A move above the $1.24 to $1.29 resistance zone would be needed to signal a stronger recovery attempt.
Until then, XRP’s price rallies are likely to face selling pressure. Recent rebounds have failed to hold, showing that sellers are still controlling short-term price movements.
XRP 4-Hour Chart Shows Continued Weakness
The 4-hour chart shows XRP forming lower highs and lower lows, which points to continued weakness in the short term.
After being rejected near $1.09, XRP moved back toward the $1.01 to $1.04 demand zone. This remains the last major support area for buyers.
If this zone fails, XRP could see a faster decline toward lower levels, with $0.89 becoming the next important target. A recovery would require XRP to break above the descending trendline before buyers can attempt a move toward the $1.24 to $1.29 resistance area.
For now, XRP remains at a critical point. The reaction around the $1.01 to $1.04 support zone will likely determine whether XRP stabilizes or risks falling below the $1 level.
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